3-Unit Multifamily
New
For Sale
$1,250,000
23-25 Fremont St, Winthrop, MA 02152
Laundry is provided in every apartment, with private outdoor areas at select units.
Property Size3,420 SF
Days on Market3
Property Features for 23-25 Fremont St
General Information
Standard status
Active
Size
3,420 SF
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,161
Amenities
private outdoor space
laundry
Building Details
Building Size
3,420 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty - Boston
Listed By:
Alla Rossi
(617) 266-4430
Source:
Classifiedrealtygroup
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:51AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
Built in 1900, this Winthrop multifamily property contains three apartments: a 1-bedroom lower-level unit, a 2-bedroom residence with two flex rooms, and a 3-bedroom residence with two more flex spaces. Improvements include replacement windows, electrical work, bathroom updates, heating system work, and repairs to soffits and gutters. Interior and exterior painting, fencing, landscaping, and off-street parking are also part of the property. Laundry is available in all three units, and some apartments have private outdoor space.
The property is near shops, restaurants, beaches, and public transportation in Winthrop Center.
The property is near shops, restaurants, beaches, and public transportation in Winthrop Center.
Key Highlights
- Three apartments: 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts
- The 2‑bedroom unit includes two bonus flex rooms; the 3‑bedroom unit has two additional flex spaces
- Laundry in all units; private outdoor space at select units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,155
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,100
$1.3M
Cap Rate 7%
$930,786
$930.8K
Cap Rate 9%
$723,944
$723.9K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$98.5K $28.80/SF
− Vacancy
−$5.4K −$1.58/SF
EGI
$93.1K $27.22/SF
− OpEx
−$27.9K −$8.16/SF
NOI
$65.2K $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 Rate 5%
$1,303,100
Cap Rate 7%
$930,786
Cap Rate 9%
$723,944
Alternative Uses
Best Use
Multifamily LT 5
$930.8K
$814.4K – $1.09M
NOI $65,155 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$848.7K
$742.6K – $990.2K
NOI $59,410 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,724 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Laundry is provided in every apartment, with private outdoor areas at select units.
Where is this triplex located?
The property is located at 23-25 Fremont St 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 apartments: 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts; The 2‑bedroom unit includes two bonus flex rooms; the 3‑bedroom unit has two additional flex spaces; Laundry in all units; private outdoor space at select units
