INNOVATE
Real Estate
No photos available for this listing

$2,460,000

63-69 Putnam St, Winthrop MA 02152
Winthrop, MA 02152
Listed by The Bill Butler Group
Bedrooms
16
Bathrooms
14
Living area
10,000 sqft
Year built
2027

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.

Property details

MLS #
73531829
Property type
5+ Family - 5+ Units Up/Down
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
3
Garage spaces
12
Lot size
0.26 acres

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Arthur T. Cummings Elementary School
0.22 mi away · Grades 3-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
415
Student:teacher ratio
11.9:1
District
Winthrop
Middle
Winthrop Middle School
0.53 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
423
Student:teacher ratio
11.1:1
District
Winthrop
High
Winthrop High School
0.51 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
13.4:1
District
Winthrop

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$14,964/mo
$492,000 down
$1,968,000 loan
Principal & interest$12,764
Property tax (est.)$2,050
Home insurance (est.)$150

Similar homes you might like

No photo
$2,950,000
1-23 Eastern Ave, Northampton MA 01060
Northampton, 01060
35 bd·12 ba·25,532 sqft
Listed by Eunsuk Song
No photo
$2,950,000
561 Commercial St, Provincetown MA 02657
Provincetown, 02657
1 bd·1.1 ba·1,972 sqft
Listed by Waypoint Realty Group
No photo
$2,900,000
66,66-R,70 Wren St, Boston MA 02132
Boston, 02132
5 bd·3 ba·5,028 sqft
Listed by Chris Kostopoulos Group
No photo
$2,900,000
155 West Concord, Boston MA 02118
Boston, 02118
5 bd·3.1 ba·3,647 sqft
Listed by Kristen Day
No photo
$2,900,000
1237 Central St, Leominster MA 01453
Leominster, 01453
0 bd·N/A ba·14,270 sqft
Listed by Kelleher - Pentore Team
No photo
$2,900,000
223-227 Washington Street, Boston MA 02121
Boston, 02121
22 bd·9 ba·7,500 sqft
Listed by Niko Stafford
No photo
$2,895,000
153 Bowen Street, Boston MA 02127
Boston, 02127
6 bd·3 ba·3,294 sqft
Listed by Patti Donovan
No photo
$2,875,000
36 Hanson St, Boston MA 02118
Boston, 02118
4 bd·3.3 ba·3,558 sqft
Listed by Steven Cohen Team

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 1, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.