$2,250,000
63-69 Putnam St, Winthrop, MA
16
Beds
14
Baths
10,000
Square feet
0.26
Acres
DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME.++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
Facts & Features
| MLS® # | 73531829 |
|---|---|
| Price | $2,250,000 |
| Bedrooms | 16 |
| Bathrooms | 14.00 |
| Full Baths | 14 |
| Square Footage | 10,000 |
| Acres | 0.26 |
| Year Built | 2027 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
| Taxes | $12,674 |
| Tax Year | 2025 |
Community Information
| Address | 63-69 Putnam St |
|---|---|
| City | Winthrop |
| County | Suffolk |
| State | MA |
| Zip Code | 02152 |
Amenities
| Parking Spaces | 26 |
|---|---|
| Parking | Paved Drive |
| Garage Spaces | 12 |
| Is Waterfront | No |
| Waterfront | Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public) |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
| Basement | No |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Asphalt/Composition Shingles |
| Construction | Frame |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | CBD |
|---|---|
| Units In Complex | 16 |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | The Bill Butler Group |
|---|---|
| Office | Leading Edge Real Estate |