Renovated Triplex with
New
For Sale
$950,000
10 Stuart Street, Hyannis, MA 02601
Three residential units support rental or owner-occupancy plans, with city sewer and off-street parking.
Property Size1,656 SF
Days on Market4
Property Features for 10 Stuart Street
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Multi-Family
Zoning
DN
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,389
Building Details
Building Size
1,656 SF
Year Built
1930
Year Renovated
2025
Buildings
2
Stories
1
Listing Agency:
Classic Cape Real Estate, LLC
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Sep 15
Last Checked: Sep 16 at 12:07PM
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 three-family property was completely renovated in 2025 and includes updated entry porches, city sewer, and low-maintenance landscaping. The residence sits along a private road with a newly paved surface, stone pillar entry, and pea-stone off-street parking for 8 cars. The three-unit configuration provides flexibility for rental use or owner occupancy.
The property is in Hyannis near Main Street, the hospital, Hyannis Harbor, and ferry service to Nantucket. Additional exterior features include cobblestone edging and landscaped grounds.
The property is in Hyannis near Main Street, the hospital, Hyannis Harbor, and ferry service to Nantucket. Additional exterior features include cobblestone edging and landscaped grounds.
Key Highlights
- Three‑family property completely renovated in 2025
- Pea‑stone off‑street parking for 8 cars
- Private road with newly paved surface and stone pillar entry
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
$36,915
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
3.89%
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%
$738,300
$738.3K
Cap Rate 7%
$527,357
$527.4K
Cap Rate 9%
$410,167
$410.2K
Market Conditions
NOI Build-Up for 1,656 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
$54.6K $33.00/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$52.7K $31.85/SF
− OpEx
−$15.8K −$9.55/SF
NOI
$36.9K $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%
$738,300
Cap Rate 7%
$527,357
Cap Rate 9%
$410,167
Alternative Uses
Best Use
Multifamily LT 5
$527.4K
$461.4K – $615.3K
NOI $36,915 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$474.0K
$414.8K – $553.1K
NOI $33,183 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$674.8K
$590.5K – $787.3K
NOI $47,238 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 02601, MA
16,487
Population
9,077
Households
1.8
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$62,989
Median Household Income
$36,183
Median Earnings
$1,629
Median Rent
$408,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units support rental or owner-occupancy plans, with city sewer and off-street parking.
Where is this triplex located?
The property is located at 10 Stuart Street Hyannis, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑family property completely renovated in 2025; Pea‑stone off‑street parking for 8 cars; Private road with newly paved surface and stone pillar entry
