Corner Lot Two-Family
7 Willis Avenue Winthrop, MA 02152
7 Willis Avenue, Winthrop, MA, 02152
$849,900
For Sale
$849,900
Two-story duplex on a corner lot with 4-car parking, fenced yard, patio, and a 5-year-old roof.
Property Size2,843 SF
Price / SF$298.94
Days on Market91
Property Features for 7 Willis Avenue
General Information
- Standard status
- Active
- Size
- 2,843 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1952
Listing agency
Century 21 North East
Listed by
Phil Consolo
(978) 658-2345
Source
Wilsonwolfe
Added: Apr 22 Updated: Jul 21 at 1:17AM Checked: Jul 21 at 7:05AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This modern two-family residence offers two separate upper and lower layouts, each with multiple large rooms and two bedrooms. The first floor includes a kitchen with an induction stove top, granite island and countertops, stainless steel appliances, and granite tile flooring, along with tiger hardwood floors, natural woodwork, crown moldings, and chair rails. A wood fireplace is featured in the living room, and a closet off the kitchen provides access to a finished basement area with a full bath, washer and dryer, family room, and a bedroom that may be included in the overall room count.
The second floor also provides four large rooms and two bedrooms, with beautiful hardwood floors and natural woodwork. The dining room includes a spot for a wall A/C.
Outside, the property is set up for parking with 4-car capacity and additional parking due to the corner lot. Amenities include a large fenced yard, a large patio, and a shed, and the roof is approximately 5 years old.
The second floor also provides four large rooms and two bedrooms, with beautiful hardwood floors and natural woodwork. The dining room includes a spot for a wall A/C.
Outside, the property is set up for parking with 4-car capacity and additional parking due to the corner lot. Amenities include a large fenced yard, a large patio, and a shed, and the roof is approximately 5 years old.
Key Highlights
- Two‑story 2‑family duplex built in 1952 on a corner lot
- 5‑year‑old roof plus 4‑car parking and additional parking due to the corner lot
- Fenced yard with a large patio and shed
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 | $81.9k | $28.80 |
| − Vacancy | −$4.5k | −$1.58 |
| EGI | $77.4k | $27.22 |
| − OpEx | −$23.2k | −$8.16 |
| NOI | $54.2k | $19.05 |
2,843 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$773.8K
$677.0K – $902.7K
NOI $54,163 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$705.5K
$617.3K – $823.1K
NOI $49,386 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,813 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-story duplex on a corner lot with 4-car parking, fenced yard, patio, and a 5-year-old roof.
Where is this duplex located?
The property is located at 7 Willis Avenue Winthrop, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑story 2‑family duplex built in 1952 on a corner lot; 5‑year‑old roof plus 4‑car parking and additional parking due to the corner lot; Fenced yard with a large patio and shed
