63-69 Putnam St, Winthrop, MA 02152
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$2,460,000
16 Unit
16 Beds
14 Baths
10000 SQFT
0.26 Acre

Property Description

DEVELOPMENT OPPORTUNITY with existing income property++The Breakwater++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 tap to expand

Building Information

  • Total Units: 16
  • Total Floors: 3
  • Total Bedrooms: 16
  • Total Full Baths: 14
  • Amenities: Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Gross Operating Income: 54000
  • Net Operating Income: 54000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 2027
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Asphalt/Composition Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73531829
  • Last Updated: 06/12/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/12/2026Active$2,460,000$246MLSPIN
06/08/2026New$2,460,000$246MLSPIN
03/27/2026Active$2,460,000MLSPIN
03/23/2026New$2,460,000MLSPIN

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Seller's Representative: The Bill Butler Group, Leading Edge 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 2026-06-12 03:05:00

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