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32 Elmwood Avenue Winthrop — Photo 1 of 40

$879,900

Investment Analysis — 32 Elmwood Avenue

Winthrop, MA 02152

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02152 carries an estimated $3,470/mo in gross rent — about a 2.70% cap rate and $23,790/yr in estimated NOI at the $879,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,942

Style

Single Family

Built

1900

Stunning single family home located in the desirable Town of Winthrop. This completely updated and spacious single family home offers four bedrooms with one and a half baths and plenty of space for everyone. Additional bonus rooms on the attic level and a large unfinished basement provide even more opportunities for expanded living. An open floor plan and a beautiful kitchen, complete with stainless steel appliances and upgraded countertops make this a perfect home for entertaining. Hardwood flooring throughout, central forced air, and ductless mini-splits round out some of the great features this home has to offer. An ample and airy backyard and off-street parking are a huge plus. Incredible location - just steps to the ocean and minutes to Downtown Boston, Logan Airport and the North Shore. See all that Winthrop has to offer - close to beaches, parks, restaurants and much more!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,942 sq ft principal dwelling). Lot size: 4,250 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Financials

Original Price$879,900

Annual Taxes$7,856

Parking

Garage0

Off-Street2

Interior Specifications

Total Rooms8

FireplacesNone

FlooringTile, Hardwood, Flooring - Wood, Flooring - Wall to Wall Carpet, Flooring - Hardwood

BasementWalk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Heat Pump, Natural Gas

CoolingWall Unit(s), Heat Pump

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationBlock, Stone

Zoning.

Property & Lot

Acres0.1

SqFt Lot4,250

Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Floorplan Breakdown

Structural Layout

Third

Office

Second

Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2

Main,First

Living RoomDining RoomKitchenBathroom 1

Living Room

Lvl Main,First

12 x 15

Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Remodeled, Lighting - Overhead

Dining Room

Lvl Main,First

12 x 13

Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Remodeled, Lighting - Overhead

Kitchen

Lvl Main,First

10 x 8

Bathroom - Half, Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Cable Hookup, Exterior Access, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant