Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2705 State Hwy, Unit 1-8 Eastham, MA 02642

    Sponsored
    For Sale
    Pending
    $1,650,000

    MULTI_FAMILY - Eastham, MA

    Property size:
    4,503 SF
    Lot size:
    0.70 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 25 at 10:06 am

    Property Features for 2705 State Hwy

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 6, Basement, Bedroom 7, Bathroom 8, Bedroom 9, Bathroom 9, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 7, Bathroom 4, Bedroom 4
    Bedrooms
    9
    Bathrooms
    8
    APN
    15-5
    Parking
    16
    Parking features
    Assigned, Off Street, Open, Driveway
    Patio and Porch features
    Deck
    Interior features
    Recessed Lighting
    Exterior features
    Private Yard
    Basement
    Full
    Appliances
    Water Heater
    Size
    4,503 SF
    Lot size
    0.70 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    2
    Flooring type
    Carpet, Laminate, Hardwood, Tile, Vinyl
    Building materials
    Shingle Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Mason Hickman
    Mason Hickman

    exp Realty, LLC (781) 261-0003

    Listing agent Mason Hickman (508) 314-6098

    Listing date Jan 6, 2026

    MLS# 22505674

    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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment Opportunity in Eastham

    Located at 2705 State Highway in Eastham, Massachusetts, this multifamily complex presents an investment opportunity. The property features eight year-round units with a history of strong rental demand. Its location is near Salt Pond, the Eastham Recreation Department, and Coast Guard Beach. The complex comprises six buildings, including two duplexes and four standalone units. The property is supported by an I/A septic system rated for nine bedrooms. Utilities are separated, with tenants responsible for all costs except water. All eight units are currently occupied, with one under lease and the remaining tenants on an at-will basis. Additional features include private storage cages, coin-operated laundry facilities, and an owner's garage. Two units have been recently updated, providing a foundation for further improvements and potential rent growth. The property is suitable for various investment strategies, including short-term rentals, employee or corporate housing, continued year-round tenancy, condo conversion, or longer-term redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Food Market Accounting Firm Bar & Pub Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastham
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.974266
    Latitude
    41.833248

    Nearby Similar for Sale

    • $4,595,000
      6,657 SF

      Waterfront Cottage Compound For Sale

      Rare waterfront compound with cottages, boathouse, dock, and development potential.
      150 Old State Hwy, Eastham, MA 02642
      View Details
    • $1,155,000
      2,352 SF

      Two Homes on Large Lot

      Two homes on a 0.71-acre lot in Eastham, MA.
      70 Deerfield Ln, Eastham, MA 02642
      View Details
    • New
      $950,000
      1,782 SF

      Renovated Two-Family Near Campground Beach

      Recently renovated two-family with rental and expansion potential near the beach.
      85 Huckleberry Ln, Eastham, MA 02642
      View Details
    • $799,000
      2,258 SF

      Cape Cod Bay Duplex Opportunity

      Legal 2-family near Cooks Brook Beach with expansion potential.
      50 Silver Oak Rd, Eastham, MA 02642
      View Details
    • $1,900,000
      Pending

      High-Visibility Commercial Building on Route 6

      Versatile commercial property with redevelopment potential and ample parking.
      4100 State Hwy, Eastham, MA 02642
      View Details
    • $2,550,000
      11,000 SF

      Cape Cod Self-Storage Facility

      Self-storage facility in undersupplied Eastham market with expansion potential.
      4688 State Hwy, Eastham, MA 02642
      View Details
    • $2,300,000

      High-Visibility Building on Route 6

      Versatile property with restaurant, art gallery, and ample parking.
      4100 State Hwy, Eastham, MA 02642
      View Details
    • $1,599,000

      Mixed-Use Property with Income Potential

      Mixed-use property featuring offices, apartments, and industrial bays.
      35 Brittanys Way, North Eastham, MA 02642
      View Details
    • $2,000,000
      4,032 SF

      Prime Truro Mixed-Use Property

      Cape Cod Bay Views, High-End Finish
      332 Rte 6, Eastham, MA 02666
      View Details
    • $3,395,000

      Eastham Inn - Cape Cod Gem

      Profitable 22-unit Inn, prime location.
      960 State Hwy, Eastham, MA 02642
      View Details
    • $950,000
      2,442 SF

      Eastham Chocolate Cafe & Apartment

      Prime Location, High Traffic, Great Potential
      5030 State Hwy, Eastham, MA 02642
      View Details
    • $600,000

      20 Holms Rd

      Specialty properties
      20 Holms Rd, Eastham, MA 02642
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily complex with strong rental history near Salt Pond.
    Where is this apartment building located?
    The property is located at 2705 State Hwy, Unit 1-8 Eastham, MA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Eight-unit multifamily complex with strong rental history in a high-demand location; - Multiple avenues for future value: short-term rentals, employee housing, condo conversion, or redevelopment; - Ideally located near Salt Pond, Eastham Recreation Department, and Coast Guard Beach
    (508) 314-6098
    Request Owner's contact information
    2705 State Hwy, Unit 1-8 Eastham, MA 02642
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2705 State Hwy, Unit 1-8
    Eastham, MA 02642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2705 State Hwy, Unit 1-8 Eastham, MA 02642
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mason Hickman
    Mason Hickman
    (508) 314-6098
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.