
244 Palmer St Quincy — Photo 1 of 36
$499,000
Investment Analysis — 244 Palmer St
Quincy, MA 02169
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02169 carries an estimated $3,890/mo in gross rent — about a 6.02% cap rate and $30,050/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,496
Style
Single Family
Built
1940
Sometimes just the smell of the salt water brings a whole new level of calm, now imagine having that every day! Here's your chance for the water views you've always dreamt of. Tucked along Palmer Street, this home puts you close to Rock Island Cove and Town River Bay, with the kind of tight-knit, coastal character that's hard to find this close to the city. Fire Station Beach and Snug Harbor Playground are just around the corner for a swim, a stroll or an afternoon outside and the local bus connects you straight to Quincy Center Station and the Red Line for an easy commute into Boston. Inside, a flexible floor plan lets you make the most of 4 bedrooms however suits your life. Freshly painted, refinished floors, a new heating system, and a finished basement are just a few of the improvements already done for you. Turn the backyard into your own outdoor sanctuary, plenty of space to host or string up a hammock and settle in with your next favorite book. Either way, we know you'll put it to good use. Enjoy serene coastal living with access to the 124-acre Rock Island Cove salt marsh, offering peaceful nature walks, birdwatching, and scenic views. Nearby cove waters bring opportunities for kayaking and fishing, Nut Island Park, Quincy Riverwalk and miles of waterfront. Just minutes to waterfront restaurants, community concerts, and local farmers markets plus a straight shot to the T when the city calls. Water views, great sunsets and an easy ride to Boston. This is coastal Quincy living at its best. Stop by one of our Open Houses!
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: 748 sq ft (the lesser of 900 sq ft or half the 1,496 sq ft principal dwelling). Lot size: 5,350 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile
Office
Lvl BasementFamily Room
Lvl BasementFlooring - Vinyl
Master Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Listing Agent: Cahill+Co. Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73574875
