5 Wave Way Winthrop, MA 02152
Winthrop Beach NeighborhoodEstimated payment $10,527/month
Highlights
- Marina
- Golf Course Community
- Waterfront
- William P. Gorman/Fort Banks Elementary School Rated A-
- Medical Services
- Deck
About This Home
Situated just steps from the sand, 5 Waveway presents a rare opportunity to own a fully occupied 6-unit building in one of Winthrop's most desirable seaside neighborhoods. Each unit is a well-maintained 1-bedroom, offering consistent rental income and strong tenant demand. This beachside property is perfectly positioned near local shops, restaurants, and public transportation, making it a convenient and attractive location for tenants year-round.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,358
Year Built
- Built in 1900
Lot Details
- 3,300 Sq Ft Lot
- Waterfront
- Near Conservation Area
- Corner Lot
Home Design
- Brick Exterior Construction
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,122 Sq Ft Home
- Living Room
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
Schools
- Fort Banks Elementary School
- Winthrop Middle School
- Winthrop High School
Utilities
- 6 Heating Zones
- Heating System Uses Oil
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(heat), unit 2(heat), unit 3(heat), unit 4(heat)
- Assessor Parcel Number M:046 L:094,1423195
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
Building Details
- Net Operating Income $114,900
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $1,700,000 | -4.5% | $412 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $1,780,000 | -- | $432 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73368845
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