11 Pearl Ave, Winthrop, MA 02152
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$1,050,000
3 Unit
11 Beds
3 Baths
4032 SQFT
0.11 Acre

Property Description

Winthrop is one of the last undervalued waterfront towns in Greater Boston, and opportunities like this don't sit long. 11 Pearl Ave is a vacant 3-family just a block from the ocean, generating $10,500/month at market rents with zero displacement headaches. Three floors, 11 bedrooms total, 4,032 sq ft of income-producing space on a town where the average days on market keeps shrinking. 3 separate heat systems, and 200-amp electric. Flood insurance runs about $2,600/year. Live in one, rent two, or hold all three. Priced at $1,050,000 with a cap rate that pencils with room for improvement and valuate add. Don't sleep on Winthrop.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 11
  • Total Full Baths: 3
  • Amenities: Public Transportation
  • Basement Features: Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 126000
  • Net Operating Income: 126000

Utilities

  • Heat Zones: 3
  • Electric Info: 200 Amps
  • Utility Connections: Washer Hookup, for Electric Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73491764
  • Last Updated: 03/29/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/29/2026Active$1,050,000$260MLSPIN
03/25/2026New$1,050,000$260MLSPIN

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Seller's Representative: Reserve Team, Reference Real Estate
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 2026-03-29 04:05:00

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