63-69 Putnam St Winthrop, MA 02152
Downtown Winthrop NeighborhoodEstimated payment $13,411/month
Highlights
- New Construction
- Property is near a beach
- Property is near public transit
- William P. Gorman/Fort Banks Elementary School Rated A-
- 0.26 Acre Lot
- Shops
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,674
Year Built
- New Construction
Lot Details
- 11,346 Sq Ft Lot
- Level Lot
Parking
- 12 Car Garage
- Driveway
- 14 Open Parking Spaces
Home Design
- Home to be built
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 10,000 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 16 Bedrooms
- 14 Full Bathrooms
Additional Features
- Property is near a beach
- Property is near public transit
Community Details
- 16 Units
- Shops
- Net Operating Income $54,000
Listing and Financial Details
- Assessor Parcel Number 1421796
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/12/2026 07/12/26 | Price Changed | $2,250,000 | -8.5% | $225 / Sq Ft |
| 06/08/2026 06/08/26 | For Sale | $2,460,000 | -- | $246 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73531829
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Ask me questions while you tour the home.