Owner-Occupied Multifamily with
For Sale
$919,000
53-55 Winthrop Street, Everett, MA 02149
Well-maintained multifamily at 53–55 Winthrop St with vinyl siding and a three-car oversized garage.
Property Size2,576 SF
Price / SF$356.75
Days on Market111
Property Features for 53-55 Winthrop Street
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-family
Zoning
DD
Building Details
Year Built
1900
Listing Agency:
Compass
Listed By:
The Movement Group · License #BK3153120
(850) 554-3142
Source:
Highlandre
Added: May 18
Changed: Sep 4
Last Checked: Jul 31 at 2:24AM
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 Compass
Investment Insights
Based on property information with market context.
This well maintained, long time owner-occupied multifamily property features vinyl siding and a spacious oversized three-car garage with additional loft space above the garage. The building is configured with units that offer ample sized rooms and flexible layouts.
Each unit has separate oil heating systems and independent electrical service. The property is located at 53–55 Winthrop St in Everett, MA, with access described via directions from the traffic circle to Main St and then Winthrop St.
Zoning is listed as DD. The listing is presented as a multifamily asset suitable for either owner-occupancy or adding to an investment portfolio, with the oversized garage providing additional utility for storage or other uses.
Each unit has separate oil heating systems and independent electrical service. The property is located at 53–55 Winthrop St in Everett, MA, with access described via directions from the traffic circle to Main St and then Winthrop St.
Zoning is listed as DD. The listing is presented as a multifamily asset suitable for either owner-occupancy or adding to an investment portfolio, with the oversized garage providing additional utility for storage or other uses.
Key Highlights
- Multi‑family at 55–53 Winthrop St, Everett, MA (zoned DD)
- Oversized three‑car garage with 1 additional loft space above the garage
- Flooring includes tile, vinyl, carpet, and hardwood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,025,080
$1.0M
Cap Rate 7%
$732,200
$732.2K
Cap Rate 9%
$569,489
$569.5K
Market Conditions
NOI Build-Up for 2,576 SF
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.
Gross rent
$98.3K $38.16/SF
− Vacancy
−$5.1K −$1.98/SF
EGI
$93.2K $36.18/SF
− OpEx
−$41.9K −$16.28/SF
NOI
$51.3K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,025,080
Cap Rate 7%
$732,200
Cap Rate 9%
$569,489
Alternative Uses
Best Use
Apartment 5plus
$732.2K
$640.7K – $854.2K
NOI $51,254 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,749 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
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?
Multifamily property - Well-maintained multifamily at 53–55 Winthrop St with vinyl siding and a three-car oversized garage.
Where is this multifamily property located?
The property is located at 53-55 Winthrop Street Everett, MA.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Multi‑family at 55–53 Winthrop St, Everett, MA (zoned DD); Oversized three‑car garage with 1 additional loft space above the garage; Flooring includes tile, vinyl, carpet, and hardwood
