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.
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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
Mar 23, 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%) |
| 03/23/2026 | 🏠 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
Home Facts
Type
Land
Lot Size
0.26 acres
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Utilities
Electric
On-site
Water
Public, On-site
Sewer
Public Sewer
Gas
On-site
Other
None
Financial
Annual Tax
$12,674
Assessed Value
$1,228,100
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
Drawings (1)
County
Suffolk
Total market time (incl. prior listings)
115 days
Property Overview
Listing Type
Land
Room Details
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
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, On-Site
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level, Cleared
Road Surface:
Paved
Parking & Garage
Parking Features:
Special Features
View:
Yes
View Type:
City
Community Amenities:
Public Transportation, Shopping, Walk/Jog Trails, Bike Path, House of Worship, Public School, T-Station
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
3 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
F
Guild Elementary School
1.4 mi
|
#789 of 824
|
Score: 29.4
Dropped 218 spots from last year
-28.8 below state avg
259 students
Less Diverse
Grades PK-06
Middle Schools
2 schools
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
C
Garfield Middle School
2.1 mi
|
#264 of 352
|
Score: 35.1
Dropped 12 spots from last year
-23.1 below state avg
542 students
Moderate
Grades 06-08
High Schools
3 schools
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
D
CityLab Innovation High School
1.5 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
East Boston High
2.6 mi
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,056
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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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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