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11 Neptune Ave Winthrop. MA 02152

$1,150,000

Multi Family

9 Bedrooms

4.5 Bathrooms

3,301 sq ft

4 Parking Spots

0.12 Acres

Built in 1900

The three-story building contains a total of four (4) units, consisting of two (2) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1), 5-Bedroom/1.5-Bathroom unit with 3,301 square feet of living area in 5,178 square feet of total gross area on a 0.12-acre parcel. The Property is located in a highly sought-after residential neighborhood and is 500 feet from Winthrop Beach and the Atlantic Ocean. In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase revenue through a programmatic upgrade of the common areas and units.

This listing has been viewed 15 times in the past 212 days

Last Updated: May 14th, 2024 at 4:19am

General Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Property TypeResidential Income

Property Sub TypeMulti Family

Price$1,150,000

Price per sqft$348.38

MLS #73211241

Handicap Access / FeaturesNo

List Date2024-03-12

Special Listing Conditions

StateMassachusetts

Street NameNeptune Ave

CityWinthrop

Zip Code02152

CountySuffolk

MLS Status

Covered Parking Spaces0

Heating Y/NNo

Heating System

Heat Zones

Sold Date

Property Sub TypeMulti Family

Building Area SourcePublic Records

Building Area Total3301

Building Area Units0

CarportNo

Close Date

Close Price$0

Covered Parking Spaces0

Listing Service

UnparsedAddress11 Neptune Ave, Winthrop MA 02152

Zoning

Interior Features for 11 Neptune Ave, Winthrop, Massachusetts 02152

* Approx. Living Area Total3,301 sq ft

Living Area Includes BasementNo

Bedrooms9

* # Fireplaces0

Bathrooms (Total)4.5

Full Baths4

* # Half Baths1

* # Rooms

Basement

Heating System

Appliances

Electric

Living Area Disclosure

Living Area Includes BasementNo

Door Features

ElectricYes

Electric$0

MLS Area (Major)

MLSPIN_BEDRMS_12

MLSPIN_BEDRMS_21

MLSPIN_BEDRMS_31

MLSPIN_BEDRMS_45

MLSPIN_FLRS_1

MLSPIN_FLRS_2

MLSPIN_FLRS_3

MLSPIN_FLRS_4

MLSPIN_F_BTHS_11

MLSPIN_F_BTHS_21

MLSPIN_F_BTHS_31

MLSPIN_F_BTHS_41

MLSPIN_GRE$34,158

MLSPIN_HTE$0

MLSPIN_H_BTHS_10

MLSPIN_H_BTHS_20

MLSPIN_H_BTHS_3 0

MLSPIN_H_BTHS_41

OffMarketDate13/05/2024

Exterior Features for 11 Neptune Ave, Winthrop, Massachusetts 02152

* Approximate Lot Size0.12 acres

Covered Parking Spaces0

Lot Features

* Parking Spaces4

* Sewer Utilities

* Water Utilities

* Year Built1900

Year Built Details

Year Built SourcePublic Records

Construction Materials

Exterior Features

Foundation Area

Foundation MaterialsBrick/Mortar

Approx. Street Frontage

Horse PermittedNo

Horse Amenities

Parking Features

Utilities

Lot Size (Square Feet)5,227 Sqft

Disclosures for 11 Neptune Ave, Winthrop, Massachusetts 02152

Buyer Agent Compensation2.5%

Contingency

Financing

Disclosures

Documents Available

Exclusions

MLSPIN_COMP_BASED_ONNet Sale Price

MLSPIN_COOP_COMP

MLSPIN_DISCLOSUREN

Lead PaintUnknown

Living Area Disclosure

Living Area Includes BasementNo

Facilitator Compensation0

TransactionBrokerCompensationType

BuyerAgencyCompensationType%

Financial Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Assessed Value

Real Estate Tax$0

Tax Year

Financial Data Source

Gross Income$100,800

Insurance Expense$0

MLSPIN_LEASE_1

MLSPIN_LEASE_2

MLSPIN_LEASE_3

MLSPIN_LEASE_4

MLSPIN_LEVELS_11

MLSPIN_LEVELS_21

MLSPIN_LEVELS_31

MLSPIN_LEVELS_42

MLSPIN_MGF$0

MLSPIN_MSE$0

MLSPIN_RENT12000

MLSPIN_RENT21700

MLSPIN_RENT31700

MLSPIN_RENT43000

MLSPIN_RFS$0

MLSPIN_RME$0

MLSPIN_SOLD_PRICE_PER_SQFT$0

NetOperatingIncome$66,642

OperatingExpense$34,158

OriginalListPrice$1,150,000

RENT_FEE_INCLUDES

TOTAL_RENT8400

WaterSewerExpense$0

Lifestyle Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

FireplaceYNNo

Frontage Type

GarageYNNo

Waterview

Pool Features

Waterfront Features0 To 1/10 Mile To Beach, Beach Front, Ocean

Location information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Elementary School

Middle School

High School

NumberOfUnitsTotal4

Marketing History for 11 Neptune Ave, Winthrop, Massachusetts 02152

MLSPIN_MARKET_TIME_BROKER62

MLSPIN_MARKET_TIME_PROPERTY62

PurchaseContractDate

Agent Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Agent MLS IDCN227795

Office MLS IDAN2723

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Payment Calculator

, Interest

Property Taxes $0

Principal & Interest 7085.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Stephen Girolamo

Horvath & Tremblay

Agent Phone

(978) 406-1789

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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[field_3236] => Array
        (
            [field_id] => 3236
            [type] => select
            [name] => PropertySubType
            [value] => 4 Family
        )

[listing] => Array
        (
            [field_id] => 2
            [type] => listings
            [name] => Listing Type
            [value] => For Sale
        )

[field_3176] => Array
        (
            [field_id] => 3176
            [type] => number
            [name] => Full Bathrooms
            [value] => 4
        )

[field_3175] => Array
        (
            [field_id] => 3175
            [type] => select
            [name] => Status
            [value] => Withdrawn
        )

[field_3299] => Array
        (
            [field_id] => 3299
            [type] => select
            [name] => Property Category
            [value] => Multi Family
        )

[field_3298] => Array
        (
            [field_id] => 3298
            [type] => select
            [name] => Property Type
            [value] => Multi Family
        )

[field_3300] => Array
        (
            [field_id] => 3300
            [type] => select
            [name] => C_Style
            [value] => 4 Family
        )

[field_55] => Array
        (
            [field_id] => 55
            [type] => number
            [name] => Floor Number
            [value] => 0
        )

[googlemap_ln] => Array
        (
            [field_id] => 51
            [type] => text
            [name] => Longitude
            [value] => W71° 1' 32.2'' 
        )

[googlemap_lt] => Array
        (
            [field_id] => 52
            [type] => text
            [name] => Latitude
            [value] => N42° 22' 48.7'' 
        )

[field_2111] => Array
        (
            [field_id] => 2111
            [type] => text
            [name] => Office Name
            [value] => Horvath & Tremblay
        )

[field_3000] => Array
        (
            [field_id] => 3000
            [type] => text
            [name] => Agent MLSID
            [value] => CN227795
        )

[field_3045] => Array
        (
            [field_id] => 3045
            [type] => price
            [name] => HOA_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3056] => Array
        (
            [field_id] => 3056
            [type] => price
            [name] => ClosePrice
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3058] => Array
        (
            [field_id] => 3058
            [type] => select
            [name] => COMP_BASED_ON
            [value] => Net Sale Price
        )

[field_3069] => Array
        (
            [field_id] => 3069
            [type] => price
            [name] => LIST_PRICE_PER_SQFT
            [raw] => 348.38
            [unit_id] => 260
            [value] => $348
            [price_only] => $348
        )

[field_3071] => Array
        (
            [field_id] => 3071
            [type] => number
            [name] => MARKET_TIME_BROKER
            [value] => 62
        )

[field_3072] => Array
        (
            [field_id] => 3072
            [type] => number
            [name] => MARKET_TIME_BROKER_PREV
            [value] => 0
        )

[field_3075] => Array
        (
            [field_id] => 3075
            [type] => datetime
            [name] => ModificationTimestamp
            [value] => 13/05/2024 12:21:00
        )

[field_3094] => Array
        (
            [field_id] => 3094
            [type] => price
            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 11
        )

[field_3096] => Array
        (
            [field_id] => 3096
            [type] => text
            [name] => SELLING_BROKER_COMP
            [value] => 0
        )

[field_3098] => Array
        (
            [field_id] => 3098
            [type] => text
            [name] => TransactionBrokerCompensation
            [value] => 0
        )

[f_3102] => Array
        (
            [field_id] => 3102
            [type] => feature
            [name] => Waterfront
            [values] => Array
                (
                    [0] => Ocean
                    [1] => Beach Front
                    [2] => 0 To 1/10 Mile To Beach
                )

)

[field_3105] => Array
        (
            [field_id] => 3105
            [type] => select
            [name] => APOD_AVAILABLE
            [value] => Yes
        )

[field_3109] => Array
        (
            [field_id] => 3109
            [type] => number
            [name] => FIRE_PLACES
            [value] => 0
        )

[field_3113] => Array
        (
            [field_id] => 3113
            [type] => select
            [name] => LEASE_1
            [value] => N
        )

[field_3114] => Array
        (
            [field_id] => 3114
            [type] => select
            [name] => LEASE_2
            [value] => N
        )

[field_3115] => Array
        (
            [field_id] => 3115
            [type] => select
            [name] => LEASE_3
            [value] => N
        )

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 66642
            [unit_id] => 260
            [value] => $66,642
            [price_only] => $66,642
        )

[field_3119] => Array
        (
            [field_id] => 3119
            [type] => number
            [name] => RENT1
            [value] => 2000
        )

[field_3120] => Array
        (
            [field_id] => 3120
            [type] => number
            [name] => NO_UNITS
            [value] => 4
        )

[field_3121] => Array
        (
            [field_id] => 3121
            [type] => number
            [name] => RENT2
            [value] => 1700
        )

[field_3122] => Array
        (
            [field_id] => 3122
            [type] => number
            [name] => RENT3
            [value] => 1700
        )

[field_3123] => Array
        (
            [field_id] => 3123
            [type] => number
            [name] => RENT4
            [value] => 3000
        )

[f_3125] => Array
        (
            [field_id] => 3125
            [type] => feature
            [name] => ROAD_TYPE
            [values] => Array
                (
                    [0] => Public
                )

)

[field_3126] => Array
        (
            [field_id] => 3126
            [type] => number
            [name] => TOTAL_RENT
            [value] => 8400
        )

[field_3134] => Array
        (
            [field_id] => 3134
            [type] => select
            [name] => SQUARE_FEET_INCL_BASE
            [value] => No
        )

[field_3136] => Array
        (
            [field_id] => 3136
            [type] => select
            [name] => LEASE_4
            [value] => N
        )

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 781-776-4000
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 978-406-1789
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3182] => Array
        (
            [field_id] => 3182
            [type] => select
            [name] => BuildingAreaSource
            [value] => Public Records
        )

[field_3183] => Array
        (
            [field_id] => 3183
            [type] => number
            [name] => BuildingAreaTotal
            [value] => 3301
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2.5%
        )

[field_3186] => Array
        (
            [field_id] => 3186
            [type] => select
            [name] => BuyerAgencyCompensationType
            [value] => %
        )

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 4
        )

[field_3193] => Array
        (
            [field_id] => 3193
            [type] => number
            [name] => CoveredSpaces
            [value] => 0
        )

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[field_3209] => Array
        (
            [field_id] => 3209
            [type] => text
            [name] => FoundationDetails
            [value] => Brick/Mortar
        )

[field_3211] => Array
        (
            [field_id] => 3211
            [type] => number
            [name] => GarageSpaces
            [value] => 0
        )

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 100800
            [unit_id] => 260
            [value] => $100,800
            [price_only] => $100,800
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 12/03/2024
        )

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 5,227 Sqft
            [raw] => 5227
            [unit_id] => 1
        )

[field_3229] => Array
        (
            [field_id] => 3229
            [type] => date
            [name] => OffMarketDate
            [value] => 13/05/2024
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 34158
            [unit_id] => 260
            [value] => $34,158
            [price_only] => $34,158
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 1150000
            [unit_id] => 260
            [value] => $1,150,000
            [price_only] => $1,150,000
        )

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 11 Neptune Ave, Winthrop MA 02152
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3243] => Array
        (
            [field_id] => 3243
            [type] => text
            [name] => YearBuiltDetails
            [value] => Approximate
        )

[field_3245] => Array
        (
            [field_id] => 3245
            [type] => text
            [name] => YearBuiltSource
            [value] => Public Records
        )

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 12/03/2024 17:05:00
        )

[field_3253] => Array
        (
            [field_id] => 3253
            [type] => number
            [name] => MLSPIN_BEDRMS_1
            [value] => 2
        )

[field_3254] => Array
        (
            [field_id] => 3254
            [type] => number
            [name] => MLSPIN_BEDRMS_2
            [value] => 1
        )

[field_3255] => Array
        (
            [field_id] => 3255
            [type] => number
            [name] => MLSPIN_BEDRMS_3
            [value] => 1
        )

[field_3256] => Array
        (
            [field_id] => 3256
            [type] => number
            [name] => MLSPIN_BEDRMS_4
            [value] => 5
        )

[field_3260] => Array
        (
            [field_id] => 3260
            [type] => text
            [name] => MLSPIN_DISCLOSURE
            [value] => N
        )

[field_3261] => Array
        (
            [field_id] => 3261
            [type] => number
            [name] => MLSPIN_F_BTHS_1
            [value] => 1
        )

[field_3262] => Array
        (
            [field_id] => 3262
            [type] => number
            [name] => MLSPIN_F_BTHS_2
            [value] => 1
        )

[field_3263] => Array
        (
            [field_id] => 3263
            [type] => number
            [name] => MLSPIN_F_BTHS_3
            [value] => 1
        )

[field_3264] => Array
        (
            [field_id] => 3264
            [type] => number
            [name] => MLSPIN_F_BTHS_4
            [value] => 1
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 34158
            [unit_id] => 260
            [value] => $34,158
            [price_only] => $34,158
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3267] => Array
        (
            [field_id] => 3267
            [type] => number
            [name] => MLSPIN_H_BTHS_1
            [value] => 0
        )

[field_3268] => Array
        (
            [field_id] => 3268
            [type] => number
            [name] => MLSPIN_H_BTHS_2
            [value] => 0
        )

[field_3269] => Array
        (
            [field_id] => 3269
            [type] => number
            [name] => MLSPIN_H_BTHS_3
            [value] => 0
        )

[field_3270] => Array
        (
            [field_id] => 3270
            [type] => number
            [name] => MLSPIN_H_BTHS_4
            [value] => 1
        )

[field_3272] => Array
        (
            [field_id] => 3272
            [type] => text
            [name] => MLSPIN_LEAD_PAINT
            [value] => Unknown
        )

[field_3273] => Array
        (
            [field_id] => 3273
            [type] => number
            [name] => MLSPIN_LEVELS_1
            [value] => 1
        )

[field_3274] => Array
        (
            [field_id] => 3274
            [type] => number
            [name] => MLSPIN_LEVELS_2
            [value] => 1
        )

[field_3275] => Array
        (
            [field_id] => 3275
            [type] => number
            [name] => MLSPIN_LEVELS_3
            [value] => 1
        )

[field_3276] => Array
        (
            [field_id] => 3276
            [type] => number
            [name] => MLSPIN_LEVELS_4
            [value] => 2
        )

[field_3277] => Array
        (
            [field_id] => 3277
            [type] => text
            [name] => MLSPIN_MAIN_LO
            [value] => AN2723
        )

[field_3280] => Array
        (
            [field_id] => 3280
            [type] => number
            [name] => MLSPIN_MARKET_TIME_PROPERTY
            [value] => 62
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3284] => Array
        (
            [field_id] => 3284
            [type] => number
            [name] => MLSPIN_OH_FLAG
            [value] => 1
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 348.38
            [unit_id] => 260
            [value] => $348
            [price_only] => $348
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3296] => Array
        (
            [field_id] => 3296
            [type] => select
            [name] => OpenParkingYN
            [value] => 1
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3307] => Array
        (
            [field_id] => 3307
            [type] => number
            [name] => MLSPIN_FLRS_1
            [value] => 1
        )

[field_3308] => Array
        (
            [field_id] => 3308
            [type] => number
            [name] => MLSPIN_FLRS_2
            [value] => 1
        )

[field_3309] => Array
        (
            [field_id] => 3309
            [type] => number
            [name] => MLSPIN_FLRS_3
            [value] => 2
        )

[field_3310] => Array
        (
            [field_id] => 3310
            [type] => number
            [name] => MLSPIN_FLRS_4
            [value] => 2
        )

)

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11 Neptune Ave Winthrop. MA 02152

$1,150,000

General Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Interior Features for 11 Neptune Ave, Winthrop, Massachusetts 02152

Exterior Features for 11 Neptune Ave, Winthrop, Massachusetts 02152

Disclosures for 11 Neptune Ave, Winthrop, Massachusetts 02152

Financial Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Lifestyle Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Location information for 11 Neptune Ave, Winthrop, Massachusetts 02152

Marketing History for 11 Neptune Ave, Winthrop, Massachusetts 02152

Agent Information for 11 Neptune Ave, Winthrop, Massachusetts 02152

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Exclusive Listing Agent

Stephen Girolamo

Horvath & Tremblay