443 Shore Rd Bourne, MA 02532
MULTI_FAMILY - Bourne, MA
Property Features for 443 Shore Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
- Patio and Porch features
- Deck
- Standard status
- Active
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1885
- Floors in Building
- 3
- Roof type
- Asphalt
Listing agent Justin Manning (800) 521-0111
Listing office JJManning Auctioneers 179 Old Kings Highway, Yarmouth Port, MA (800) 521-0111
Listing date May 27, 2026
Copyright © 2026 My State MLS. 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.
The property is located at 443 Shore Rd in Bourne (Monument Beach) on a 0.11+/- acre parcel. It is situated across from Chester Park Recreation Area and is within walking distance to Monument Beach. Access to nearby shopping, dining, and Route 28 is described as convenient.
For tenants or buyers seeking a combined live-and-work setup, the first-floor retail/storefront space was most recently used as a printing company, while the upper floors provide residential space with ocean views referenced from most bedroom windows. Current parking consists of one space plus additional street parking, with the possibility of tandem parking on the right side of the building, depending on final site design and approvals.
The property is offered for sale via real estate auction on Wednesday, June 24 at 11am on-site, with pre-auction offers subject to seller confirmation and a 10% buyer’s premium applying. A preview is scheduled for Tuesday, June 16 from 1pm to 3pm.
Key Highlights
- 2,684+/- SF three‑story mixed‑use building with retail/storefront on the first floor and residential space on the 2nd and 3rd floors
- Residential portion includes 3 bedrooms and 2 bathrooms (2nd and 3rd floors; 1,464 SF per Assessor, about 60% of the building)
- Cantilevered deck plus walkout basement with ample storage and ocean views from most bedroom windows
Local Financial Insights For Retail
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 | $80.5k | $30.00 |
| − Vacancy | −$1.8k | −$0.66 |
| EGI | $78.7k | $29.34 |
| − OpEx | −$23.6k | −$8.80 |
| NOI | $55.1k | $20.54 |
