11 Pearl Ave Winthrop, MA 02152
Winthrop Beach NeighborhoodEstimated payment $6,189/month
Highlights
- Beach Front
- Property is near public transit
- Combination Dining and Living Room
- William P. Gorman/Fort Banks Elementary School Rated A-
- Wood Flooring
- Level Lot
About This Home
Winthrop is one of the last undervalued waterfront towns in Greater Boston, and opportunities like this don't sit long. 11 Pearl Ave is a vacant 3-family just a block from the ocean, generating $10,500/month at market rents with zero displacement headaches. Three floors, 11 bedrooms total, 4,032 sq ft of income-producing space on a town where the average days on market keeps shrinking. Fieldstone foundation, updated flooring throughout, separate heat zones, and 200-amp electric. Flood insurance runs about $2,600/year. Live in one, rent two, or hold all three. Priced at $1,050,000 with a cap rate that pencils. Don't sleep on Winthrop.
Listing Agent
Reserve Team
Reference Real Estate Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,981
Year Built
- Built in 1890
Lot Details
- 4,800 Sq Ft Lot
- Beach Front
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 4,032 Sq Ft Home
- Property has 1 Level
- Combination Dining and Living Room
- Wood Flooring
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 11 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 3 Car Parking Spaces
- Driveway
- Paved Parking
- 3 Open Parking Spaces
- Off-Street Parking
Location
- Flood Zone Lot
- Property is near public transit
Utilities
- 3 Heating Zones
- 200+ Amp Service
Community Details
- 3 Units
- Net Operating Income $126,000
Listing and Financial Details
- Assessor Parcel Number M:039 L:022,1422770
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $1,050,000 | -- | $260 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $58,000 | -- | |
| Deed | $227,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $79,000 | Commercial | |
| Previous Owner | $265,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73491764
APN: WINT-000039-000000-000022
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Ask me questions while you tour the home.