Multi-Family Property with Seven
For Sale
$1,900,000
Pending
212 Main Street, Orleans, MA 02653
COMMERCIAL - Orleans, MA
Property Size4,887 SF
Lot Size1.79 Acres
Days on Market567
Property Features for 212 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RB
Parking features
Driveway, Paved or Surfaced, Parking Lot
Basement
Full
Lot features
Level
Elementary school district
Nauset
Middle school district
Nauset
High school district
Nauset
Directions
Main Street, Orleans towards Nauset Beach, all three properties are on the left, just prior to the Beach Road/Barley Neck Road split. Sold as a lease to own, closing is in 2028.
Subdivision
Orleans
Standard status
Pending
APN
35-70-0
Size
4,887 SF
Lot size
1.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2783
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile, Wood
Listing Agency:
Gibson Sotheby's International Realty
(508) 255-6000
Listed By:
Whitaker Group Cape Cod
(508) 237-8038
Added: Jan 11, 2025
Changed: Jul 11
Last Checked: Aug 1 at 3:06PM
MLS# 22500108
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multi-family property includes a main building currently divided into seven apartments. The site comprises three parcels at 212, 214, and 216 Main Street, and any plans to maintain or change the apartments will require town approval.
The property has previously been operated in connection with Kadee’s Lobster & Clam Bar, a fish market, a gift shop, and the Apple Grove Mini Golf. Town sewer is at the street and is expected to be ready for tie-in by January 2026. On-site parking is available.
Seller is open to buyer concessions. Please reference residential listing MLS#22500109 that complements this listing.
The property has previously been operated in connection with Kadee’s Lobster & Clam Bar, a fish market, a gift shop, and the Apple Grove Mini Golf. Town sewer is at the street and is expected to be ready for tie-in by January 2026. On-site parking is available.
Seller is open to buyer concessions. Please reference residential listing MLS#22500109 that complements this listing.
Key Highlights
- 1.79‑acre property across three parcels: 212, 214, and 216 Main Street (East Orleans)
- Main building divided into seven apartments
- Town sewer is at the street and is expected to be ready for tie‑in by January 2026
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.6k | $37.56 |
| − Vacancy | −$5.5k | −$1.13 |
| EGI | $178.0k | $36.43 |
| − OpEx | −$80.1k | −$16.39 |
| NOI | $97.9k | $20.04 |
4,887 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,927 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,404 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 02653, MA
6,307
Population
5,685
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
99%
High-School Grad
12.1 sq mi
ZIP Area
521
Density / Sq Mi
$98,798
Median Household Income
$45,853
Median Earnings
$1,181
Median Rent
$816,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Main building has seven apartments across three parcels; town sewer at the street expected to be ready for tie-in by Jan 2026.
Where is this apartment building located?
The property is located at 212 Main Street Orleans, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 1.79‑acre property across three parcels: 212, 214, and 216 Main Street (East Orleans); Main building divided into seven apartments; Town sewer is at the street and is expected to be ready for tie‑in by January 2026
