New construction

$2,250,000

63-69 Putnam St, Winthrop, MA 02152

16beds

10,000sqft

$14,062/mo

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5+ Family - 5+ Units Up/Down

Built in 2027

-- sqft lot

$1,298,300 Zestimate^®

$225/sqft

$-- HOA

What's special

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.

123 days
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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 14
Full bathrooms: 14

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 10,000
Total interior livable area: 10,000 sqft
Finished area above ground: 10,000

Property

Parking

Total spaces: 26
Parking features: Paved Drive
Garage spaces: 12
Uncovered spaces: 14

Features

Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 0.26 Acres
Features: Level

Details

Parcel number: 1421796
Zoning: CBD

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Frame
Foundation: Concrete Perimeter
Roof: Asphalt/Composition Shingles

Condition

New construction: Yes
Year built: 2027

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping

Location

Region: Winthrop

Financial & listing details

Price per square foot: $225/sqft
Tax assessed value: $1,228,100
Annual tax amount: $12,674
Date on market: 7/4/2026
Total actual rent: 4500

Estimated market value

$1,298,300

$1.13M - $1.48M

$4,185/mo

Price history

Date	Event	Price
7/12/2026	Price change	$2,250,000-8.5%$225/sqft
Source: MLS PIN #73531829 Report a problem
6/8/2026	Listed for sale	$2,460,000+1130%$246/sqft
Source: MLS PIN #73531829 Report a problem
1/2/1997	Sold	$200,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,674 +1.2%	$1,228,100 +2.2%
2024	$12,525 -0.5%	$1,202,000 +2.1%
2023	$12,593 +5.3%	$1,176,900 +15.7%
2022	$11,963 +3.5%	$1,017,300 +11.7%
2021	$11,553 +0.5%	$911,100
2020	$11,498 +10.1%	$911,100 +15%
2019	$10,441 -2.4%	$792,200 +4.9%
2018	$10,698 +0.5%	$755,500 +2.3%
2017	$10,640 -6.2%	$738,400
2016	$11,349 +7.6%	$738,400 +0.4%
2015	$10,547 +4.6%	$735,500 +0.6%
2011	$10,086 +4.6%	$730,900 -3.8%
2010	$9,644 +25.6%	$759,400 -1.4%
2009	$7,677 +6.4%	$770,000 -0.7%
2008	$7,215 +2.9%	$775,800 -2.4%
2007	$7,011	$794,900 +3%
2006	--	$771,900 +13.5%
2005	--	$680,200