Owner-Occupied Multifamily with
53-55 Winthrop St Everett, MA 02149
53-55 Winthrop St, Everett, MA, 02149
$919,000
For Sale
$919,000
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 Market65
Property Features for 53-55 Winthrop St
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Compass
(978) 248-8081
Listed by
The Movement Group
Source
Gundersheimgroup
Added: May 18 Updated: Jul 21 at 3:00PM Checked: Jul 21 at 3:00PM
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
Local Financial Insights For Apartment 5plus
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 | $98.3k | $38.16 |
| − Vacancy | −$5.1k | −$1.98 |
| EGI | $93.2k | $36.18 |
| − OpEx | −$41.9k | −$16.28 |
| NOI | $51.3k | $19.90 |
2,576 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 St 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
