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3-Unit Cottage Rental
New
For Sale
$1,400,000

10 Penny Lane, Eastham, MA 02642

Each cottage has two bedrooms and a combined living, dining, and kitchen area.

Property Size1,260 SF
Days on Market6

Property Features for 10 Penny Lane

General Information

Standard status Active
Size 1,260 SF
Property subtype Multi-Family
Zoning Reside

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,156

Amenities

deck

Building Details

Building Size 1,260 SF
Year Built 1944
Stories 1
Listing Agency: Classic Cape Real Estate, LLC
Listed By: Ken Hager
Source: Link.flexmls
Added: Sep 30 Last Checked: Oct 4 at 6:10AM

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 Classic Cape Real Estate, LLC

Investment Insights

Based on property information with market context.

This short-term rental property comprises three cottages, each with two bedrooms, an open living, dining, and kitchen area, and a deck. The cottages contain a combined 1,260 square feet. A new 6-bedroom Title 5 septic system was installed in 2026, and the property spans two parcels at 10 and 12 Penny Lane.

A deeded path provides a walk of less than five minutes to Cape Cod Bay. The cottages recorded 23 combined rental weeks in 2026 and 30 in 2025.

Key Highlights

  • Three cottages, each with two bedrooms
  • Combined building area of 1,260 square feet
  • New 6‑bedroom Title 5 septic system installed in 2026

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Plumbing Service Grocery & Convenience Store Real Estate Agency Kitchen & Bath Showroom Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

20
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Each cottage has two bedrooms and a combined living, dining, and kitchen area.
Where is this short term rental property located?
The property is located at 10 Penny Lane Eastham, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three cottages, each with two bedrooms; Combined building area of 1,260 square feet; New 6‑bedroom Title 5 septic system installed in 2026
More about this property
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