194 School St

3,611 Sq. Ft.
$296 / Sq. Ft.
3,611
Sq. Ft.
$296
per Sq. Ft.

Description

Rarely available immaculate licensed 11 room lodging house on the edge of vibrant downtown Quincy Center. This long-term owner has operated this property exceptionally and it shows! Features include 4 rooms with private baths, 7 baths in total, two kitchens and on site laundry. The property is ideally located within walking distance to downtown Quincy and the Quincy Center Red Line and Commuter Rail. This is a turnkey investment opportunity.Rarely available immaculate licensed 11 room lodging house on the edge of vibrant downtown Quincy Center. This long-term owner has operated this property exceptionally and it shows! Features include 4 rooms with private baths, 7 baths in total, two kitchens and on site laundry. The property is ideally located within walking distance to downtown Quincy and the Quincy Center Red Line and Commuter Rail. This is a turnkey investment opportunity.
  1. Listed by Tom McFarland • RE/MAX Realty Pros

Property Details for 194 School Street

Town
Quincy
Area
MA-Quincy
Garage Spaces
0
Open Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 08/06/2022 07:53 AM

Property Details for 194 School Street

StatusSold
MLS #72940030
Days on Market20
Taxes$9,604 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - Rooming House
Year Built1890
CountyNorfolk County

Location

Listing Courtesy of RE/MAX Realty Pros, Tom McFarland

Sold By Keller Williams Realty Evolution, Justin Repp

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Building Information for 194 School Street

Stories3Residences11Year Built1890Building Size-Lot Size0.24 AC / 10,471 SF

Payment Calculator

$6,132 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,332

Property Taxes

$800

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 194 School Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Other
  • Living Area: 3611.0
  • Total Units: 11
  • Waterfront: No
  • Water View: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Dining Room, Kitchen, Mudroom
  • Laundry Features: Laundry Room
Exterior Features
  • Lot Description: Level
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: Circuit Breakers, 150 Amp Service
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: The Property mailing address is 192 School Street city of Quincy Assessors uses the address of 194 School Street.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: M:3056 B:12,181427
  • Assessments: $791,100
  • Book: 0
  • Tax Year: 2021
  • Zoning: RESC
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • Electricity: $2,800.00
  • GOI: $123,760.00
  • Gross Scheduled Income: $2,879.00
  • Insurance: $5,700.00
  • GRE: $34,355
  • HTE: $4,362
  • RME: $5,600
  • NOI: $89,405.00
  • Operating Expense: $34,355.00
  • WSE: $2,557.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 0

Property History for 194 School Street

DateEvent & SourcePriceAppreciation
Apr 29, 2022

Sold

MLS PIN #72940030

$1,070,000—
Feb 11, 2022

Contingent

MLS PIN #72940030

—
Feb 5, 2022

Listed (Active)

MLS PIN #72940030

$995,000—
DateEvent & SourcePrice
04/29/2022

Sold

MLS PIN #72940030

$1,070,000
02/11/2022

Contingent

MLS PIN #72940030

—
02/05/2022

Listed (Active)

MLS PIN #72940030

$995,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 194 School Street

Taxable ValueLand$312,900Additions$777,100Total$1,090,000
Tax Record2025$12,568 ($1,047 / month)
Home Facts
Baths2Total Finished SqFt3,262 SqFtAbove Grade Finished SqFt3,262 SqFtStories2Lot Size10,471 SqFtStyleMulti-Family Res (5+ Units)Year Built1890ZoningRESCCountyNORFOLKAPNQUIN M:3056 B:12

Schools near 194 School Street

This home is within Quincy School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - 6 to 12
Rating
School
Distance
Lincoln-Hancock Community School
PublicK to 4

Reay E Sterling Middle School
Public5 to 8

Quincy High School
Public9 to 12

The Woodward School
Private6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Realty Pros, Tom McFarland

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.