Two-Family Residential
153 Locust St. Winthrop, MA 02152
For Sale
$715,000
1930s two-family offers off-street parking and flexible living layouts with a 1-bedroom and a 3-bedroom unit.
Property Size1,963 SF
Price / SF$364.24
Days on Market35
Property Features for 153 Locust St.
General Information
- Standard status
- Active
- Size
- 1,963 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing Agency:
City Realty Group
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 20
Changed: Jul 23
Last Checked: Jul 24 at 5:21AM
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 City Realty Group
Investment Insights
Based on property information with market context.
Charming 1930s two-family residence, originally described as a seaside cottage, offering flexible living options. The property includes off-street parking and two separate units with distinct bedroom layouts: Unit 1 is a one-bedroom, and Unit 2 has three bedrooms. Updates are needed, and the list price reflects that condition.
Located at 153 Locust St. in Winthrop, Massachusetts, the home is described as just steps to the beach. Public remarks also reference a golf course nearby.
This is a residential income property configured as a duplex, with the smaller unit and larger unit providing a practical way to accommodate different household sizes within the same building.
Located at 153 Locust St. in Winthrop, Massachusetts, the home is described as just steps to the beach. Public remarks also reference a golf course nearby.
This is a residential income property configured as a duplex, with the smaller unit and larger unit providing a practical way to accommodate different household sizes within the same building.
Key Highlights
- 1930s two‑family home originally a seaside cottage
- Unit 1 offers 1 bedroom
- Unit 2 offers 3 bedrooms
Financial Insights For Multifamily LT 5
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 | $56.5k | $28.80 |
| − Vacancy | −$3.1k | −$1.58 |
| EGI | $53.4k | $27.22 |
| − OpEx | −$16.0k | −$8.16 |
| NOI | $37.4k | $19.05 |
1,963 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$534.3K
$467.5K – $623.3K
NOI $37,398 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,346 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - 1930s two-family offers off-street parking and flexible living layouts with a 1-bedroom and a 3-bedroom unit.
Where is this duplex located?
The property is located at 153 Locust St. Winthrop, MA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 1930s two‑family home originally a seaside cottage; Unit 1 offers 1 bedroom; Unit 2 offers 3 bedrooms
