Duplex with Five-Car
New
For Sale
$729,900
180 Winthrop St, Winthrop, MA 02152
Two residential units with updated kitchens, porch and decks, hardwood floors, and Res & Com zoning.
Property Size3,000 SF
Price / SF$243.30
Days on Market2
Property Features for 180 Winthrop St
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
Res & Com
Net Operating Income
$36,000
Property Condition
Severity
Repairs Needed
Evidence
with possibly one or two windows still needing replacement
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,523
Amenities
granite countertops
dishwasher
refrigerator
hardwood floors
porch
deck
slate roof
200-amp electrical service
built-in china cabinet
newer windows
Building Details
Building Size
3,000 SF
Year Built
1880
Buildings
1
Stories
3
Listing Agency:
Century 21 North East
Listed By:
Phil J Consolo
(781) 844-9973
Source:
Laerrealty
Added: Sep 22
Last Checked: Sep 22 at 1:38PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This 1880-built duplex contains two residential units with approximately 3,000+ square feet of living space. Each unit includes 6 rooms and 3 bedrooms. The first floor has a modern kitchen with granite countertops, dishwasher, and refrigerator, along with a modern half bath, three-quarter bath, hardwood floors, and 2 wall A/C units. The second floor offers a modern kitchen, living room, dining room with built-in china cabinet, and full bath.
The property includes 5-car parking, a front porch, rear decks, a slate roof, mostly newer windows, 200-amp electrical service, and a heating system about 8 years old. Zoned Res & Com, the first floor could possibly be used as an office while the second floor is rented; buyers and agents should verify permitted uses and zoning requirements. Located at 180 Winthrop St in Winthrop, the property is described as close to Boston and accessible to a ferry serving Boston.
The property includes 5-car parking, a front porch, rear decks, a slate roof, mostly newer windows, 200-amp electrical service, and a heating system about 8 years old. Zoned Res & Com, the first floor could possibly be used as an office while the second floor is rented; buyers and agents should verify permitted uses and zoning requirements. Located at 180 Winthrop St in Winthrop, the property is described as close to Boston and accessible to a ferry serving Boston.
Key Highlights
- Two‑unit property with approximately 3,000+ square feet of living space
- Each unit offers 6 rooms and 3 bedrooms
- First‑floor kitchen includes granite countertops, dishwasher, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,080
$1.1M
Cap Rate 7%
$816,486
$816.5K
Cap Rate 9%
$635,044
$635.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$86.4K $28.80/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$81.6K $27.22/SF
− OpEx
−$24.5K −$8.16/SF
NOI
$57.2K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,080
Cap Rate 7%
$816,486
Cap Rate 9%
$635,044
Alternative Uses
Best Use
Multifamily LT 5
$816.5K
$714.4K – $952.6K
NOI $57,154 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$744.5K
$651.4K – $868.6K
NOI $52,114 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,319 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with updated kitchens, porch and decks, hardwood floors, and Res & Com zoning.
Where is this duplex located?
The property is located at 180 Winthrop St Winthrop, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two‑unit property with approximately 3,000+ square feet of living space; Each unit offers 6 rooms and 3 bedrooms; First‑floor kitchen includes granite countertops, dishwasher, and refrigerator
