Three-Unit Residential Income
24 Trident Ave Winthrop, MA 02152
24 Trident Ave, Winthrop, MA, 02152
$1,050,000
Pending
For Sale
$1,050,000
Pending
Well-maintained three-family with ocean views, three off-street parking spaces, and an unfinished basement for storage.
Property Size3,978 SF
Days on Market85
Property Features for 24 Trident Ave
General Information
- Standard status
- Pending
- Size
- 3,978 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing agency
Reference Real Estate
(781) 342-0052
Listed by
Reserve Team
(781) 342-0052
Source
Lockandkeyre
Added: Apr 30 Updated: Jul 22 at 6:19AM Checked: Jul 22 at 6:19AM
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 Reference Real Estate
Investment Insights
Based on property information with market context.
This well-maintained three-family (triplex) at 24 Trident Ave features three bedrooms, a full bath, and seven rooms on each floor. Ocean views are available from the upper floors, and each unit is laid out across a single floor.
Two units are currently leased (TAW) and generate $4,300 per month. The first-floor updated unit is being delivered vacant, providing flexibility for an owner-occupant or immediate rental re-leasing. The property also includes three off-street parking spaces and a full unfinished basement.
The home is less than a tenth of a mile to the beach and described as just steps from the Atlantic. Downtown Boston, Logan Airport, Route 1A, and public transportation are all minutes away.
Two units are currently leased (TAW) and generate $4,300 per month. The first-floor updated unit is being delivered vacant, providing flexibility for an owner-occupant or immediate rental re-leasing. The property also includes three off-street parking spaces and a full unfinished basement.
The home is less than a tenth of a mile to the beach and described as just steps from the Atlantic. Downtown Boston, Logan Airport, Route 1A, and public transportation are all minutes away.
Key Highlights
- Well‑maintained 3‑family built in 1900 with ocean views from the upper floors
- Two leased (TAW) units generate $4,300/mo; first‑floor updated unit delivered vacant
- Each unit offers a single‑floor layout with 3 bedrooms, 1 full bath, and 7 rooms
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 | $114.6k | $28.80 |
| − Vacancy | −$6.3k | −$1.58 |
| EGI | $108.3k | $27.22 |
| − OpEx | −$32.5k | −$8.16 |
| NOI | $75.8k | $19.05 |
3,978 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.3K – $1.26M
NOI $75,786 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$987.2K
$863.8K – $1.15M
NOI $69,103 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,847 @ 7.0% cap · market cap 15.70%
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 - Well-maintained three-family with ocean views, three off-street parking spaces, and an unfinished basement for storage.
Where is this triplex located?
The property is located at 24 Trident Ave Winthrop, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Well‑maintained 3‑family built in 1900 with ocean views from the upper floors; Two leased (TAW) units generate $4,300/mo; first‑floor updated unit delivered vacant; Each unit offers a single‑floor layout with 3 bedrooms, 1 full bath, and 7 rooms
