Two-Family Home with Walkout
For Sale
$745,000
Pending
50 Silver Oak Road, Eastham, MA 02642
MULTI_FAMILY - Eastham, MA
Property Size2,258 SF
Lot Size0.79 Acres
Days on Market94
Property Features for 50 Silver Oak Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3
Parking features
Driveway, Paved or Surfaced
Patio and Porch features
Patio, Deck, Porch
Interior features
Attic Storage
Exterior features
Private Yard
Fireplace
1
Basement
Walk-Out Access
Appliances
Water Heater
Lot features
Corner Lot, Cleared, Level
Elementary school district
Nauset
Middle school district
Nauset
High school district
Nauset
Directions
Property is on the corner of Massasoit Rd and Silver Oak Rd. North on Massasoit Rd and left onto Silver Oak Rd, first driveway on the right.
Subdivision
Eastham
Standard status
Pending
APN
EAST M:0004 L:0262
Size
2,258 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5319
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Electric (Heating)
Water source
Well
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Wood Siding, Shingle Siding
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Christie's International Real Estate Atlantic Brokerage
(508) 256-6000
Listed By:
Nicholas Bono
(508) 241-1677
Added: May 8
Changed: Aug 5
Last Checked: Aug 9 at 5:06PM
MLS# 22602024
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 legal two-family home in Eastham offers investor-friendly versatility with two updated living spaces and an unfinished walkout basement ready for additional improvements. The first-floor unit includes three bedrooms and approximately 1,750 SF, and the upper level is a 500 SF studio apartment with flexible interior or exterior access. Both units have been recently updated with new modern kitchens, refreshed bathrooms, and new flooring throughout. The home includes attic storage and features a fireplace, along with a porch, deck, and patio.
Set on a 0.79-acre lot with a private yard, the property features an oversized corner lot. The basement provides walkout potential, and there is also a specified septic system installed in 2015 and an updated assessors field card recognizing 4 bedrooms.
Utilities and infrastructure include well water and a septic tank, with heating provided by electric and natural gas. Construction includes wood siding with shingle siding, and the roof is asphalt. Parking is available via a paved or surfaced driveway.
Set on a 0.79-acre lot with a private yard, the property features an oversized corner lot. The basement provides walkout potential, and there is also a specified septic system installed in 2015 and an updated assessors field card recognizing 4 bedrooms.
Utilities and infrastructure include well water and a septic tank, with heating provided by electric and natural gas. Construction includes wood siding with shingle siding, and the roof is asphalt. Parking is available via a paved or surfaced driveway.
Key Highlights
- Legal two‑family layout with interior and exterior access to the upper studio
- Recently updated kitchens, refreshed bathrooms, and new flooring in both units
- First‑floor unit: approximately 1,750 SF with three bedrooms; upper unit: approximately 500 SF studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,006,680
$1.0M
Cap Rate 7%
$719,057
$719.1K
Cap Rate 9%
$559,267
$559.3K
Market Conditions
NOI Build-Up for 2,258 SF
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.
Gross rent
$74.5K $33.00/SF
− Vacancy
−$2.6K −$1.16/SF
EGI
$71.9K $31.85/SF
− OpEx
−$21.6K −$9.55/SF
NOI
$50.3K $22.29/SF
Area
Barnstable County, MA
Vacancy
3.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,006,680
Cap Rate 7%
$719,057
Cap Rate 9%
$559,267
Alternative Uses
Best Use
Multifamily LT 5
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$646.4K
$565.6K – $754.1K
NOI $45,246 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$920.1K
$805.1K – $1.07M
NOI $64,410 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 02642, MA
5,752
Population
6,349
Households
0.9
Avg Household Size
61
Median Age
52%
College-Educated
96%
High-School Grad
14.0 sq mi
ZIP Area
411
Density / Sq Mi
$72,683
Median Household Income
$42,638
Median Earnings
$1,692
Median Rent
$668,400
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?
Duplex - Legal two-family home on a private yard with updated units, fireplace, and an unfinished walkout basement.
Where is this duplex located?
The property is located at 50 Silver Oak Road Eastham, MA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Legal two‑family layout with interior and exterior access to the upper studio; Recently updated kitchens, refreshed bathrooms, and new flooring in both units; First‑floor unit: approximately 1,750 SF with three bedrooms; upper unit: approximately 500 SF studio
