Mixed-Use Condos with
For Sale
$1,549,000
1-3-374 Commercial St, Provincetown, MA 02657
Three-condo mixed-use property with two street-level commercial units and a two-bedroom upper residential unit.
Property Size2,540 SF
Price / SF$609.84
Days on Market241
Property Features for 1-3-374 Commercial St
General Information
Standard status
Active
Size
2,540 SF
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,805
Building Details
Tenancy
Multi
Listing Agency:
Kinlin Grover Compass Commercial
(508) 240-0334
Listed By:
Nat Santoro · License #141467
(508) 255-1295
Source:
Exprealty
Added: Mar 9
Changed: Oct 31
Last Checked: Nov 3 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kinlin Grover Compass Commercial
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Investment Insights
Based on property information with market context.
This mixed-use property features three condo units in a combined retail and residential setup. There are two commercial condos on the lower and main levels, along with a two-bedroom residential unit on the upper level. The residential unit has been rented seasonally and is presently available. Total living space is stated as 2,540 square feet, and the field card is noted as incorrect on square footage.
The property is located at 1-3-374 Commercial St in Provincetown, MA. With commercial space on the lower and main levels and residential space above, the building supports a flexible owner-occupant or investor configuration.
Offered for sale, this is a condo-style arrangement that can suit multiple use and occupancy approaches based on the existing unit mix.
The property is located at 1-3-374 Commercial St in Provincetown, MA. With commercial space on the lower and main levels and residential space above, the building supports a flexible owner-occupant or investor configuration.
Offered for sale, this is a condo-style arrangement that can suit multiple use and occupancy approaches based on the existing unit mix.
Key Highlights
- Three‑condo mixed‑use property with two street‑level commercial units and one upper two‑bedroom residential unit
- Total living space is 2,540 SF
- Residential unit has been rented seasonally and is presently available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,897
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,940
$1.0M
Cap Rate 7%
$727,100
$727.1K
Cap Rate 9%
$565,522
$565.5K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$95.4K $37.56/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$92.5K $36.43/SF
− OpEx
−$41.6K −$16.39/SF
NOI
$50.9K $20.04/SF
Area
Barnstable County, MA
Vacancy
3.00%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,940
Cap Rate 7%
$727,100
Cap Rate 9%
$565,522
Alternative Uses
Best Use
Apartment 5plus
$727.1K
$636.2K – $848.3K
NOI $50,897 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$905.7K – $1.21M
NOI $72,455 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 02657, MA
3,664
Population
4,778
Households
0.8
Avg Household Size
58
Median Age
61%
College-Educated
96%
High-School Grad
9.7 sq mi
ZIP Area
378
Density / Sq Mi
$104,500
Median Household Income
$54,784
Median Earnings
$1,306
Median Rent
$769,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - Three-condo mixed-use property with two street-level commercial units and a two-bedroom upper residential unit.
Where is this short term rental property located?
The property is located at 1-3-374 Commercial St Provincetown, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Three‑condo mixed‑use property with two street‑level commercial units and one upper two‑bedroom residential unit; Total living space is 2,540 SF; Residential unit has been rented seasonally and is presently available
