Mixed-Use Multi-Family with Development
63-69 Putnam Street Winthrop, MA 02152
63-69 Putnam Street, Winthrop, MA, 02152
$2,460,000
For Sale
$2,460,000
Four-unit mixed-use building with stable in-place NOI and Board of Appeals-approved plan for a new 12-unit building.
Days on Market145
Property Features for 63-69 Putnam Street
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agency
Leading Edge Real Estate
(978) 770-8099
Listed by
The Bill Butler Group
Source
Stevebremis
Added: Feb 26 Updated: Jul 20 at 11:52PM Checked: Jul 20 at 11:52PM
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Investment Insights
Based on property information with market context.
The Breakwater is a mixed-use multi-family property currently operating as a four-unit building with stable in-place NOI of $71,300. The site also has a Board of Appeals-approved plan to construct a new 12-unit building with podium parking beneath, all on one contiguous parcel.
Located in Winthrop, Massachusetts, the property is described as steps from the harbor and in the middle of downtown Winthrop. The seller notes a 5–10 minute commute to Boston Logan Airport, along with quick access to the MBTA Blue Line and ferry service to downtown Boston.
Located in Winthrop, Massachusetts, the property is described as steps from the harbor and in the middle of downtown Winthrop. The seller notes a 5–10 minute commute to Boston Logan Airport, along with quick access to the MBTA Blue Line and ferry service to downtown Boston.
Key Highlights
- Cash‑flowing four‑unit mixed‑use building with stable in‑place NOI of $71,300.
- Board of Appeals‑approved plan to construct a new 12‑unit building with podium parking beneath.
- Mixed‑use development and income strategy on one site.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit mixed-use building with stable in-place NOI and Board of Appeals-approved plan for a new 12-unit building.
Where is this quadplex located?
The property is located at 63-69 Putnam Street Winthrop, MA.
What is the asking price?
The asking price for this property is $2,460,000.
What are key features of this property?
This property features: Cash‑flowing four‑unit mixed‑use building with stable in‑place NOI of $71,300.; Board of Appeals‑approved plan to construct a new 12‑unit building with podium parking beneath.; Mixed‑use development and income strategy on one site.
