About this home
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.
Listing last checked: Listing updated:
Listed by The Bill Butler Group · Leading Edge Real Estate · MLS #73531829
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Details at a glance
Interior2 property facts
- Rooms
- 99
- Basement
- Not reported
Building6 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 2027
- Garage
- 12
- Parking
- 26
- Foundation
- Concrete Perimeter
- Roof
- Asphalt/Composition Shingles
Land & utilities5 property facts
- Lot size
- 0.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- CBD
Financial2 property facts
- Annual taxes
- $12,674
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $2,250,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$12,433 / monthAdjust
- Principal & interest
- $11,377
- Property tax
- $1,056
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,674. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $2,772,431
Estimated range $2,427,840–$3,117,021.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: excellent
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About 63-69 Putnam St
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