Apartment Building with 12
For Sale
$2,350,000
1547 Main Street, Chatham, MA 02633
Renovated housing complex approved for 33 beds, with town sewer service and Route 28 bus access.
Property Size5,547 SF
Price / SF$423.65
Days on Market191
Property Features for 1547 Main Street
General Information
Standard status
Active
Size
5,547 SF
Property subtype
Commercial
Lease Term
[]
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x room unit, 1 x 4BR/3BA, 1 x 2BR/1BA
Multifamily Units
12
Building Details
Year Built
1960
Year Renovated
2026
Listing Agency:
Christie's International Real Estate Atlantic Brokerage
Listed By:
Evan Dean
(774) 212-2718
Source:
Beachrealtycapecod
Added: Apr 24
Changed: Oct 31
Last Checked: Oct 30 at 6:02PM
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 Christie's International Real Estate Atlantic Brokerage
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Investment Insights
Based on property information with market context.
This 12-unit apartment property combines multiple housing formats within a renovated complex. Ten individual room units each include a private bath, compact kitchenette, and heating and cooling. The main house provides four bedrooms, three bathrooms, and a full kitchen, while an attached two-bedroom apartment has its own kitchen and bath. The property is approved by the town for 33 beds and is zoned Gb3.
Renovation work completed in 2026 included flooring, plumbing, electrical, siding, paint, roofing, landscaping, and laundry improvements. The property is connected to the town sewer system and sits along Main Street in Chatham with service on the Route 28 bus line. Several leases are in place.
Renovation work completed in 2026 included flooring, plumbing, electrical, siding, paint, roofing, landscaping, and laundry improvements. The property is connected to the town sewer system and sits along Main Street in Chatham with service on the Route 28 bus line. Several leases are in place.
Key Highlights
- 12 total units approved for 33 beds
- Ten room units with private baths, kitchenettes, and heating and cooling
- Main house includes four bedrooms, three bathrooms, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,152
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,223,040
$2.2M
Cap Rate 7%
$1,587,886
$1.6M
Cap Rate 9%
$1,235,022
$1.2M
Market Conditions
NOI Build-Up for 5,547 SF
Gross rent
$208.3K $37.56/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$202.1K $36.43/SF
− OpEx
−$90.9K −$16.39/SF
NOI
$111.2K $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%
$2,223,040
Cap Rate 7%
$1,587,886
Cap Rate 9%
$1,235,022
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,152 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,231 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
12
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 02633, MA
4,664
Population
5,425
Households
0.9
Avg Household Size
62
Median Age
65%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
542
Density / Sq Mi
$94,036
Median Household Income
$50,038
Median Earnings
$1,005
Median Rent
$881,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated housing complex approved for 33 beds, with town sewer service and Route 28 bus access.
Where is this apartment building located?
The property is located at 1547 Main Street Chatham, MA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 12 total units approved for 33 beds; Ten room units with private baths, kitchenettes, and heating and cooling; Main house includes four bedrooms, three bathrooms, and a full kitchen
