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54 Wilshire St, Winthrop MA 02152

Winthrop, MA 02152 • Winthrop Center
$599,000
Est. $3,512/month
0.19
Acres
13 hours 10 minutes
Time on Market
Active Listed Mar 22, 2026 • MLS# 73490066 Copied!

About this home

Rare Winthrop duplex development opportunity offering the chance to build ground-up new construction in a highly desirable coastal community. The project allows for two spacious 2,500+ sqft units, ideal for resale as luxury condos or as long-term income-producing properties. Each unit includes two off-street parking spaces, a valuable amenity in this sought-after location. With strong buyer demand and limited new inventory in the area, this is a prime opportunity for builders, investors, or owner-occupants looking to create value. Whether you plan to sell both units or hold for rental income, the flexibility and upside potential make this a standout project.

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Property Overview

Property Type
Residential
Listing Type
Land

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 0.19 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None

Parking

Features None

Utilities

Electric On-site
Water Public
Sewer Public Sewer
Gas At Street
Other None

Financial

Annual Tax $3,399
Assessed Value $300,000

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer

Parking & Garage

Parking Features:

Location

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Neighborhood

Winthrop Center

54 Wilshire St, Winthrop MA 02152

Winthrop, MA 02152

Walkability

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Nearby Schools

School District
Winthrop School District local
C
School Safety 2024-25
0.3% Low
0.3% Suspensions
5.2% below state avg
E

Elementary Schools

3 schools
William P. Gorman/Fort Banks Elementary School
0.3 mi
487 students Less Diverse
Grades PK-02
B-
Arthur T. Cummings Elementary School
0.4 mi | #453 of 824 | Score: 46.0
Improved 101 spots from last year
-12.2 below state avg
467 students Less Diverse
Rising School Strong Attendance
Grades 03-05
B
Beachmont Veterans Memorial School
0.9 mi | #350 of 824 | Score: 49.1
Improved 63 spots from last year
-9.1 below state avg
346 students Diverse
Rising School
Grades PK-05
M

Middle Schools

2 schools
B+
Winthrop Middle School
0.3 mi | #119 of 352 | Score: 47.4
Dropped 26 spots from last year
-10.8 below state avg
439 students Less Diverse
Grades 06-08
C
Garfield Middle School
1.5 mi | #264 of 352 | Score: 35.1
Dropped 12 spots from last year
-23.1 below state avg
542 students Moderate
Grades 06-08
H

High Schools

2 schools
C+
Winthrop High School
0.3 mi | #241 of 346 | Score: 47.2
Dropped 112 spots from last year
-11 below state avg
568 students Less Diverse
18 sports • 1,118 athletes
College Ready Curriculum Strong Athletics
Grades 09-12
D
CityLab Innovation High School
0.9 mi | #327 of 346 | Score: 28.4
Improved 14 spots from last year
-29.8 below state avg
117 students Moderate
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $283
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 22, 2026
$599,000
Original listing
Agent: Lou Markakis Office: Lynnway Associates

Price & Status History

Date Event Price Change
Mar 22, 2026 New Listing Added $599,000

Market Statistics

Time on Market
13 hours 10 minutes
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2026 $3,399 $300,000

Financial Details

Annual Property Tax
$3,399
Tax Year 2026
Assessed Value
$300,000

Listing Information

Listing Agent Lou Markakis
Listing Office Lynnway Associates
Agent MLS ID C0001549
Office MLS ID AN7887
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak

Steven Novak

BMN Boston Real Estate

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