Turnkey Two-Unit
105 Ocean View St. Winthrop, MA 02152
105 Ocean View St., Winthrop, MA, 02152
$989,000
For Sale
$989,000
Two updated units with hardwood floors, spacious kitchens, fenced yard, and three off-street parking spaces.
Property Size1,924 SF
Price / SF$514.03
Days on Market35
Property Features for 105 Ocean View St.
General Information
- Standard status
- Active
- Size
- 1,924 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1886
Listing agency
William Raveis R.E. & Home Services
(617) 417-2207
Listed by
Claudia Perkins
(617) 417-2207
Source
Lockandkeyre
Added: Jun 17 Updated: Jul 20 at 6:19PM Checked: Jul 21 at 3:30AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This exceptional two-family residence offers a turnkey setup with fresh updates and meticulous ongoing maintenance. Both units include hardwood floors, closets, and spacious kitchens with pantries, along with abundant natural light and well-planned storage throughout. Unit 1 provides two bedrooms plus living and dining rooms and a large kitchen. Unit 2 offers one bedroom, a windowed dressing room that can serve as a WFH office, plus living and dining rooms and a roomy kitchen, with exclusive access to a finished heated attic featuring two sunny bonus rooms.
The property also includes a welcoming farmer’s porch, a fenced yard, and three off-street parking spaces. An unfinished basement provides additional flexible space for storage or hobbies, and long-term tenant history is noted.
Location details provided indicate it is steps to Winthrop High School and close to parks, beaches, restaurants, and local transit options including East Boston, Orient Heights MBTA/buses, Logan, and downtown Boston.
The property also includes a welcoming farmer’s porch, a fenced yard, and three off-street parking spaces. An unfinished basement provides additional flexible space for storage or hobbies, and long-term tenant history is noted.
Location details provided indicate it is steps to Winthrop High School and close to parks, beaches, restaurants, and local transit options including East Boston, Orient Heights MBTA/buses, Logan, and downtown Boston.
Key Highlights
- Two‑family home built in 1886 with hardwood floors, closets, and spacious kitchens with pantrys in both units
- Unit 1: 2BR with LR, DR, and a huge kitchen
- Unit 2: 1BR with a windowed dressing room/work‑from‑home office, plus LR, DR, and a roomy kitchen
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $33.60 |
| − Vacancy | −$3.9k | −$2.02 |
| EGI | $60.8k | $31.58 |
| − OpEx | −$27.3k | −$14.21 |
| NOI | $33.4k | $17.37 |
1,924 SF · lease $33.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$477.5K
$417.8K – $557.0K
NOI $33,422 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,730 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Two updated units with hardwood floors, spacious kitchens, fenced yard, and three off-street parking spaces.
Where is this multifamily property located?
The property is located at 105 Ocean View St. Winthrop, MA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family home built in 1886 with hardwood floors, closets, and spacious kitchens with pantrys in both units; Unit 1: 2BR with LR, DR, and a huge kitchen; Unit 2: 1BR with a windowed dressing room/work‑from‑home office, plus LR, DR, and a roomy kitchen
