Three-Family Residential Income
22 Upland Road Winthrop, MA 02152
For Sale
$1,250,000
Well-maintained three-family home features separate utilities, off-street parking, and a landscaped backyard.
Property Size4,062 SF
Price / SF$307.73
Days on Market177
Property Features for 22 Upland Road
General Information
- Standard status
- Active
- Size
- 4,062 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing Agency:
Charlesgate Realty Group, llc
(617) 587-0100
Listed By:
Mary Ann Cash · License #70792
(617) 587-0100
Source:
Compass
Added: Jan 28
Changed: Jul 23
Last Checked: Jul 24 at 3:19PM
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 Charlesgate Realty Group, llc
Investment Insights
Based on property information with market context.
This quality-built three-family home offers three distinct residential units with functional layouts and a generous amount of natural light. The first floor has three bedrooms. The second floor includes one bedroom, and the third unit is configured on two levels with two bedrooms. The property is described as well maintained and includes separate utilities for the units, along with one off-street parking space and a landscaped backyard.
Located in the Winthrop Highlands, the home is described as having ocean views and being steps to Halford Beach. Winthrop by the Sea is noted as being about six miles from Boston, with access to the Blue Line and proximity to Logan Airport.
22 Upland Road presents a residential income configuration with defined unit layouts, separate utility services, and outdoor space for tenants or occupants to enjoy.
Located in the Winthrop Highlands, the home is described as having ocean views and being steps to Halford Beach. Winthrop by the Sea is noted as being about six miles from Boston, with access to the Blue Line and proximity to Logan Airport.
22 Upland Road presents a residential income configuration with defined unit layouts, separate utility services, and outdoor space for tenants or occupants to enjoy.
Key Highlights
- Three‑family home with ocean views, listed as 0 to 1/10 mile to the beach
- Off‑street parking plus a nicely landscaped backyard with deck and patio
- Well‑maintained interior with tile and hardwood flooring throughout
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 | $117.0k | $28.80 |
| − Vacancy | −$6.4k | −$1.58 |
| EGI | $110.6k | $27.22 |
| − OpEx | −$33.2k | −$8.16 |
| NOI | $77.4k | $19.05 |
4,062 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$967.3K – $1.29M
NOI $77,386 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$1.01M
$882.0K – $1.18M
NOI $70,562 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,328 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family home features separate utilities, off-street parking, and a landscaped backyard.
Where is this triplex located?
The property is located at 22 Upland Road Winthrop, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑family home with ocean views, listed as 0 to 1/10 mile to the beach; Off‑street parking plus a nicely landscaped backyard with deck and patio; Well‑maintained interior with tile and hardwood flooring throughout
