Multifamily Property on Double
New
For Sale
$749,974
104-106 Shirley Street, Winthrop, MA 02152
The existing residence has fire damage and is being sold in as-is condition.
Property Size2,520 SF
Price / SF$297.61
Days on Market6
Property Features for 104-106 Shirley Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-family
Property Condition
Severity
Major Repairs Needed
Evidence
some fire damage
Building Details
Year Built
1910
Listing Agency:
United Brokers
Listed By:
Mission Impossible Team
(781) 629-2258
Source:
Campionre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 8:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, the existing residence has fire damage and is offered in as-is, where-is condition. The property occupies a double lot measuring over 10,000 square feet. Buyers are responsible for evaluating the building’s condition, zoning, permits, and potential scope of work.
Beaches, shops, dining, and transit are described as minutes away, with Boston and Logan Airport a short commute from the property.
Beaches, shops, dining, and transit are described as minutes away, with Boston and Logan Airport a short commute from the property.
Key Highlights
- Double lot measuring over 10,000 square feet
- Existing residence was built in 1910
- Fire damage; sale is in as‑is, where‑is condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,775
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,500
$875.5K
Cap Rate 7%
$625,357
$625.4K
Cap Rate 9%
$486,389
$486.4K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$84.7K $33.60/SF
− Vacancy
−$5.1K −$2.02/SF
EGI
$79.6K $31.58/SF
− OpEx
−$35.8K −$14.21/SF
NOI
$43.8K $17.37/SF
Area
Suffolk County, MA
Vacancy
6.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,500
Cap Rate 7%
$625,357
Cap Rate 9%
$486,389
Alternative Uses
Best Use
Apartment 5plus
$625.4K
$547.2K – $729.6K
NOI $43,775 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,428 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 02152, MA
19,316
Population
8,467
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
11,362
Density / Sq Mi
$106,357
Median Household Income
$68,062
Median Earnings
$1,909
Median Rent
$606,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The existing residence has fire damage and is being sold in as-is condition.
Where is this multifamily property located?
The property is located at 104-106 Shirley Street Winthrop, MA.
What is the asking price?
The asking price for this property is $749,974.
What are key features of this property?
This property features: Double lot measuring over 10,000 square feet; Existing residence was built in 1910; Fire damage; sale is in as‑is, where‑is condition
