Three-Unit Multifamily Property with
For Sale
$2,300,000
14 Nelson Avenue, Provincetown, MA 02657
The property includes two two-bedroom residences and a separate studio with outdoor access.
Property Size3,604 SF
Price / SF$638.18
Days on Market41
Property Features for 14 Nelson Avenue
General Information
Standard status
Active
Size
3,604 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA, 1 x studio
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,034
Amenities
storage shed
Building Details
Building Size
3,604 SF
Year Built
1997
Buildings
1
Stories
2
Listing Agency:
The Greene Realty Group
Listed By:
Derek J Greene · License #MA9503235-RE-B
(888) 278-5840
Source:
Stonewatercapecod
Added: Aug 26
Changed: Sep 6
Last Checked: Oct 4 at 6:50AM
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 The Greene Realty Group
Investment Insights
Based on property information with market context.
This three-unit multifamily property, built in 1997, combines two full-size residences with a compact studio. Unit #1 contains 1,882 sq ft with two bedrooms, two bathrooms, a fireplace, wood-burning stove, kitchen deck, generator, and water filtration system. Unit #2 offers 1,320 sq ft, two bedrooms, two bathrooms, an open layout, and laundry facilities. Unit #3 is a 400 sq ft studio with direct access to the deck and patio.
The property includes a landscaped yard, parking for three cars, a storage shed, and city water. Its Provincetown setting places it between downtown and the National Seashore, with bike trails, Race Point Beach, and the dunes nearby. The property is being sold as-is, and exterior security devices are installed.
The property includes a landscaped yard, parking for three cars, a storage shed, and city water. Its Provincetown setting places it between downtown and the National Seashore, with bike trails, Race Point Beach, and the dunes nearby. The property is being sold as-is, and exterior security devices are installed.
Key Highlights
- Three‑unit property built in 1997
- Unit #1: 1,882 sq ft, 2 bedrooms, 2 bathrooms, fireplace, wood‑burning stove, deck, generator, and water filtration system
- Unit #2: 1,320 sq ft, 2 bedrooms, 2 bathrooms, open floor plan, and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,339
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,780
$1.6M
Cap Rate 7%
$1,147,700
$1.1M
Cap Rate 9%
$892,656
$892.7K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$118.9K $33.00/SF
− Vacancy
−$4.2K −$1.16/SF
EGI
$114.8K $31.85/SF
− OpEx
−$34.4K −$9.55/SF
NOI
$80.3K $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 Rate 5%
$1,606,780
Cap Rate 7%
$1,147,700
Cap Rate 9%
$892,656
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,339 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$1.03M
$902.7K – $1.20M
NOI $72,218 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,806 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
388
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The property includes two two-bedroom residences and a separate studio with outdoor access.
Where is this triplex located?
The property is located at 14 Nelson Avenue Provincetown, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Three‑unit property built in 1997; Unit #1: 1,882 sq ft, 2 bedrooms, 2 bathrooms, fireplace, wood‑burning stove, deck, generator, and water filtration system; Unit #2: 1,320 sq ft, 2 bedrooms, 2 bathrooms, open floor plan, and laundry facilities
