Situated just steps from the sand, 5 Waveway presents a rare opportunity to own a fully occupied 6-unit building in one of Winthrop's most desirable seaside neighborhoods. Each unit is a well-maintained 1-bedroom, offering consistent rental income and strong tenant demand. T...
This home has been viewed 20 times
Last Checked: June 22nd, 2025 at 4:33am (Source: MLS PIN #73368845)
Gross Income: $92,700
Gross Expenses: $12,358
Net Income Calc: $80,342
CAP Rate: 4.73%
Annual Expenses for 5 Waveway Ave, Winthrop MA 02152
Total Gross Expenses (Calculated)$12,358/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,358
Annual Income & Unit Breakdown for 5 Waveway Ave, Winthrop MA 02152
Total Gross Income (Calculated)$92,700
Unit 1
Rental Income$2,000
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(heat), Unit 3(heat), Unit 2(heat), Unit 4(heat)
Unit 2
Rental Income$1,900
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(heat), Unit 3(heat), Unit 2(heat), Unit 4(heat)
Unit 3
Rental Income$1,900
LeaseY
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(heat), Unit 3(heat), Unit 2(heat), Unit 4(heat)
Unit 4
Rental Income$1,925
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(heat), Unit 3(heat), Unit 2(heat), Unit 4(heat)
General Information for 5 Waveway Ave, Winthrop MA 02152
Listing ID73368845
Property TypeMulti Family
Price$1,700,000 ($412.42/SqFt)
Style5+ Family - 5+ Units Up/down
CityWinthrop
CountySuffolk
MLS AreaWinthrop Beach
Neighborhood(s)
Approximate Living Area Total4,122 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame, Brick
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpaceDeck
ZoningR
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Ownership(public), 0 To 1/10 Mile To Beach
Energy Features
Terms
Disclosures for 5 Waveway Ave, Winthrop MA 02152
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$0
Total Gross Income By Broker$114,900
Total Net Income By Broker$114,900
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 5 Waveway Ave, Winthrop MA 02152
Real Estate Taxes$12,358
Tax Year2025
Assessed Value$1,197,500
Financial Data SourceOwner
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$114,900
BostonRealEstate.com Gross Income
Total Net Income By Broker$114,900
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.73%
Location Information for 5 Waveway Ave, Winthrop MA 02152
Elementary SchoolFort Banks
Middle SchoolWinthrop
High SchoolWinthrop
Neighborhood(s)
MLS AreaWinthrop Beach
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Marina
Contact Information for 5 Waveway Ave, Winthrop MA 02152