Three-Level
For Sale
$899,000
Pending
190 Pleasant St, Winthrop, MA 02152
Two-family property with flexible living arrangements and access to nearby beaches, shops, restaurants, transit, and Boston.
Property Size4,251 SF
Days on Market52
Property Features for 190 Pleasant St
General Information
Standard status
Pending
Size
4,251 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1890
Buildings
1
Stories
3
Listing Agency:
REMAX Andrew Realty Services
(781) 395-7676
Listed By:
Michael MacDonald
(978) 648-8671
Source:
Lockandkeyre
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 28 at 8:30AM
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 REMAX Andrew Realty Services
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Investment Insights
Based on property information with market context.
This two-family property spans three levels and provides approximately 4,251 square feet of living space. The layout includes 13 total rooms, seven bedrooms, two full bathrooms, and two half bathrooms, giving each unit substantial room for living and household use. Built in 1890, the property offers a spacious configuration suitable for owner occupancy, rental operations, or multigenerational living.
Located at 190 Pleasant St in Winthrop, the home is near beaches, local shops, restaurants, public transportation, and Boston. Its two-unit arrangement and adaptable interior provide a range of ways to use the existing space while retaining the character of an older residential property.
Located at 190 Pleasant St in Winthrop, the home is near beaches, local shops, restaurants, public transportation, and Boston. Its two-unit arrangement and adaptable interior provide a range of ways to use the existing space while retaining the character of an older residential property.
Key Highlights
- Approximately 4,251 square feet across three levels
- Two‑family duplex configuration
- 13 total rooms with seven bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,987
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,740
$1.6M
Cap Rate 7%
$1,156,957
$1.2M
Cap Rate 9%
$899,856
$899.9K
Market Conditions
NOI Build-Up for 4,251 SF
Gross rent
$122.4K $28.80/SF
− Vacancy
−$6.7K −$1.58/SF
EGI
$115.7K $27.22/SF
− OpEx
−$34.7K −$8.16/SF
NOI
$81.0K $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 Rate 5%
$1,619,740
Cap Rate 7%
$1,156,957
Cap Rate 9%
$899,856
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,987 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$1.05M
$923.1K – $1.23M
NOI $73,845 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,160 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
581
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with flexible living arrangements and access to nearby beaches, shops, restaurants, transit, and Boston.
Where is this duplex located?
The property is located at 190 Pleasant St Winthrop, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 4,251 square feet across three levels; Two‑family duplex configuration; 13 total rooms with seven bedrooms
