Investment Analysis — 23 Island Ave

Quincy, MA 02169

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02169 carries an estimated $2,940/mo in gross rent — about a 9.12% cap rate and $22,798/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

660

Style

Single Family

Built

1900

Situated in a highly desirable Quincy neighborhood, this property offers an exceptional redevelopment opportunity for investors, builders, or buyers looking to design their custom dream home. The existing structure requires full demolition, with the true value residing in the property's prime land and limitless potential. Whether you are envisioning a modern single-family residence or a high-return development project, this lot provides an ideal canvas. Nestled in a quiet, coastal-adjacent setting near local parks and waterfront amenities, the location also offers unbeatable convenience with seamless access to major highways, public transit, local dining, and shopping. The property is being sold in strictly As-Is condition. Bring your vision and take advantage of this rare chance to build new from the ground up in a thriving community.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 330 sq ft (the lesser of 900 sq ft or half the 660 sq ft principal dwelling). Lot size: 1,800 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.