Three-Unit Residential Income
22 Adams Street Winthrop, MA 02152
22 Adams Street, Winthrop, MA, 02152
$1,299,000
For Sale
$1,299,000
Turn-of-the-century three-family home with two-bedroom units and a three-bedroom unit featuring a private deck.
Property Size3,989 SF
Price / SF$325.65
Days on Market87
Property Features for 22 Adams Street
General Information
- Standard status
- Active
- Size
- 3,989 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Cottage Hill Real Estate
(617) 846-9900
Listed by
Elizabeth Ferrara · License #9515489
(617) 846-9900
Source
Compass
Added: Apr 26 Updated: Jul 20 at 10:40PM Checked: Jul 21 at 6:25AM
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 Cottage Hill Real Estate
Investment Insights
Based on property information with market context.
A turn-of-the-century three-family residence offers three distinct layouts for rental or owner-occupancy scenarios. Units 1 and 3 each feature a large living room, formal dining room, kitchen, and two bedrooms. Unit 2 offers a similar configuration with three bedrooms and includes a private deck.
Located at 22 Adams Street in Winthrop, MA, the property sits on a quiet side street just above the town center. It is about a half-block to the bus line, with nearby restaurants and everyday amenities. The area also provides easy access to Deer Island, beaches, and scenic bike trails.
Parking is supported by ample on-street options, along with nearby public lots.
Located at 22 Adams Street in Winthrop, MA, the property sits on a quiet side street just above the town center. It is about a half-block to the bus line, with nearby restaurants and everyday amenities. The area also provides easy access to Deer Island, beaches, and scenic bike trails.
Parking is supported by ample on-street options, along with nearby public lots.
Key Highlights
- Turn‑of‑the‑century 3‑family home (built 1900) with wood flooring and a shingle roof
- Unit mix: two 2‑bedroom units plus one 3‑bedroom unit
- Unit 2 includes a private deck
Local 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 | $114.9k | $28.80 |
| − Vacancy | −$6.3k | −$1.58 |
| EGI | $108.6k | $27.22 |
| − OpEx | −$32.6k | −$8.16 |
| NOI | $76.0k | $19.05 |
3,989 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.9K – $1.27M
NOI $75,995 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$989.9K
$866.2K – $1.15M
NOI $69,294 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,303 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turn-of-the-century three-family home with two-bedroom units and a three-bedroom unit featuring a private deck.
Where is this triplex located?
The property is located at 22 Adams Street Winthrop, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Turn‑of‑the‑century 3‑family home (built 1900) with wood flooring and a shingle roof; Unit mix: two 2‑bedroom units plus one 3‑bedroom unit; Unit 2 includes a private deck
