63-69 Putnam St, Winthrop MA 02152
Winthrop, MA 02152
$2,460,000
$2,250,000
Est. $12,633/month
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
8.5%
Price Range
Property Timeline
Price Reduced
Jul 12, 2026
$2,250,000
$210,000
(-8.54%)
From $2,460,000 to $2,250,000 (-8.5%)
Listed for Sale
Jun 8, 2026
$2,460,000
Original listing
Agent: The Bill Butler Group
Office: Leading Edge Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/12/2026 | ↓ Price Reduced | $2,250,000 | $210,000 | - | From $2,460,000 to $2,250,000 (-8.5%) |
| 06/08/2026 | 🏠 Listed for Sale | $2,460,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $12,674 | $1,228,100 |
Financial Details
Annual Property Tax
$12,674
Tax Year 2025
Assessed Value
$1,228,100
Facts & Features
12 Car Garage
New Construction
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
2027
Living Area
10,000 sq ft
Lot Size
0.26 acres
Bedrooms
16
Full Baths
14
Total Rooms
99
Investment Metrics
Units
16
Unit 1 Rent
$2,250/mo · Y
Unit 2 Rent
$2,250/mo · Y
Total Monthly Rent
$4,500/mo
Gross Income
$54,000
Net Operating Income
$54,000
Cap Rate
2.40%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Asphalt/composition Shingles
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
12
Has Garage
Yes
Features
Paved Drive
Total Spaces
26
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$12,674
Assessed Value
$1,228,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Other
Sq Ft Disclosures
All dimensions, square footage, parking spaces and building plans are estimated
Documents
None
County
Suffolk
Total market time (incl. prior listings)
38 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
2027
Bedrooms
16
Full Bathrooms
14
Living Area
10,000 sq ft
Total Rooms
99
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
10,000 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
2027
Structure Type:
Exterior Materials:
Frame
Roof:
Asphalt/Composition Shingles
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
12
Total Parking Spaces:
26
Parking Features:
Paved Drive
Nearby Schools
School District
Winthrop School District local
C
School Safety
2024-25
0.3%
Low
0.3%
Suspensions
5.2% below state avg
Elementary Schools
2 schools
B-
Arthur T. Cummings Elementary School
0.2 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
William P. Gorman/Fort Banks Elementary School
0.8 mi
487 students
Less Diverse
Grades PK-02
Middle Schools
1 school
B+
Winthrop Middle School
0.6 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
High Schools
1 school
C+
Winthrop High School
0.6 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
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,056
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
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
63-69 Putnam St, Winthrop MA 02152
Winthrop, MA 02152
Listing Information
Listing Agent
The Bill Butler Group
Listing Office
Leading Edge Real Estate
Office Phone
781-979-0100
Agent MLS ID
TM327053
Office MLS ID
AN4646
Listing Data Updated
Jul 16, 2026 3:05 AM EDT
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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