63-69 Putnam St Winthrop — Photo 1 of 5
Recent Drop: $210,000
$2,250,000
Investment Analysis — 63-69 Putnam St
Winthrop, MA 02152
Based on rent reported on the MLS listing, a 16-unit multi-family in 02152 carries $4,500/mo in gross rent — about a 1.26% cap rate and $28,366/yr in estimated NOI at the $2,250,000 list price. Adjust every assumption in the calculator below.
Beds
16
Baths
14
SqFt
10,000
Style
5+ Family - 5+ Units Up/Down
Built
2027
DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME.++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping
Geography
Property History
$2,250,000
Was $2,460,000
Jul 12, 2026
MLS® 73531829
$2,460,000
Jun 8, 2026
MLS® 73531829
Listing Agent: The Bill Butler Group
Listing Office: Leading Edge Real Estate
MLS® Number: 73531829