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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.

More Info

Basic Information

  • Gross Income $54,000
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number 1421796

Tax Information

  • Tax Assessed Value $1,228,100
  • Tax Year 2025
  • Taxes$12,674

Parking

  • Covered Spaces 12
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces26

Rooms

  • Bathroom14
  • Bathrooms Total Decimal 14
  • Bedrooms16
  • Full Bath14

Basic Information

  • List Price$2,460,000
  • MLS Number73531829
  • Modification Date06/08/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address63-69 Putnam Street
  • Building Number63-69
  • CountySuffolk
  • StateMA
  • StreetPutnam Street
  • TownWinthrop
  • Zip02152

Building

  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Garage Spaces12
  • Levels 3
  • Rooms99
  • Stories3
  • Units16
  • Year Built2027
  • Year Built Details To Be Built
  • Year Built Source Owner

Property

  • Acreage0.26

Exterior

  • RoofAsphalt/Composition Shingles

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 10,000
  • Lot Size Square Feet 11,346
  • Lot Size Units Acres
  • Square Feet10,000

Amenities

  • AmenitiesPublic Transportation, Shopping

Water Body

  • Miles to Beach0.5
  • Waterfront Features Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningCBD

Other

  • Date Listed06/08/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Bill Butler Group of Leading Edge Real Estate

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