Waterfront Two-Family
1021 Main Street Dennis, MA 02638
1021 Main Street, Dennis, MA, 02638
$1,575,000
For Sale
$1,575,000
Two-family waterfront home on Scargo Lake with separate decks and a partially finished basement, offered as-is.
Property Size3,042 SF
Price / SF$517.75
Days on Market33
Property Features for 1021 Main Street
General Information
- Standard status
- Active
- Size
- 3,042 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1970
Listing agency
Sotheby's International Realty
Listed by
Michael Harney
(508) 815-5700
Source
Premiercommercial
Added: Jun 19 Updated: Jul 21 at 8:14AM Checked: Jul 21 at 8:14AM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
This versatile two-family duplex offers a total of four bedrooms and four bathrooms, with a partially finished basement. Unit 1 includes two bedrooms and two full bathrooms, along with a full kitchen and spacious living areas. Unit 2 provides two bedrooms and one full bathroom, plus a full kitchen and generous living space. Additional features include a half bath in the basement. Expansive decks overlook Scargo Lake, designed to take advantage of the natural light and lake views.
The property provides direct waterfront access on the shores of Scargo Lake. The town landing and boat launch are described as being just around the corner, supporting on-water recreation such as boating, kayaking, paddleboarding, and swimming.
The home is being sold as-is, with an opportunity for a buyer to add personal touches.
The property provides direct waterfront access on the shores of Scargo Lake. The town landing and boat launch are described as being just around the corner, supporting on-water recreation such as boating, kayaking, paddleboarding, and swimming.
The home is being sold as-is, with an opportunity for a buyer to add personal touches.
Key Highlights
- Two‑family waterfront home on Scargo Lake with direct waterfront access and decks overlooking the lake
- Year built 1970; partially finished basement
- Unit 1 features 2 bedrooms and 2 full bathrooms with full kitchen and spacious living areas
Local Financial Insights For Multifamily LT 5
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 | $100.4k | $33.00 |
| − Vacancy | −$3.5k | −$1.16 |
| EGI | $96.9k | $31.85 |
| − OpEx | −$29.1k | −$9.55 |
| NOI | $67.8k | $22.29 |
3,042 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$968.7K
$847.6K – $1.13M
NOI $67,811 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$870.8K
$762.0K – $1.02M
NOI $60,956 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,774 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family waterfront home on Scargo Lake with separate decks and a partially finished basement, offered as-is.
Where is this duplex located?
The property is located at 1021 Main Street Dennis, MA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two‑family waterfront home on Scargo Lake with direct waterfront access and decks overlooking the lake; Year built 1970; partially finished basement; Unit 1 features 2 bedrooms and 2 full bathrooms with full kitchen and spacious living areas
