500 Shirley St, Winthrop, MA 02152
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$829,900
2 Unit
4 Beds
2 Baths
2088 SQFT
0.10 Acre

Property Description

Located just 3.5 miles from the game-changing Suffolk Downs redevelopment, this fantastic two-family home offers incredible long-term upside in one of the fastest-growing areas north of Boston. The project promises millions of square feet of new housing, retail, parks, and life science space—adding immense value & convenience to the surrounding neighborhoods. Just steps from the beach, this income-generating property has been a strong rental performer—ideal for investors or owner-occupants. In the last 9 years, the home has seen MAJOR updates including a 200-amp electrical service upgrade, new front deck and revamped rear deck, a full renovation of Unit 2 (kitchen, flooring, paint, wiring, plumbing), refinished hardwood floors & fresh paint in Unit 1, a complete exterior paint job. Enjoy a spacious, newly installed composite front deck for low-maintenance coastal living. Both units ft. beautiful high ceilings. Heating & electrical are separate, there's a gas line in the property

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: House of Worship, Laundromat, Park, Public Transportation, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Crown Molding, Programmable Thermostat, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Vent Hood, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Oil, Radiant

Financial

  • APOD Available: Yes
  • Expenses Source: Other (See Remarks)
  • Gross Operating Income: 63600
  • Gross Expenses: 640
  • RFS: 640
  • Net Operating Income: 59900

Utilities

  • Heat Zones: 2
  • Electric Info: 200 Amps, Individually Metered
  • Energy Features: Other (See Remarks), Prog. Thermostat, Varies per Unit
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Brick, Concrete Block, Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73403985
  • Last Updated: 07/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/14/2025New$829,900$397MLSPIN

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Seller's Representative: Zambrano Properties & Associates, RE/MAX 360
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-15 03:30:00