Turnkey Rental Investment
For Sale
$2,300,000
156 Teaticket Highway, Falmouth, MA 02536
Fully furnished 6-bedroom home near Falmouth Heights Beach.
Property Size6,000 SF
Price / SF$383.33
Days on Market103
Property Features for 156 Teaticket Highway
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Business Opportunity
Building Details
Year Built
2003
Listing Agency:
Premier Commercial
(508) 958-6927
Listed By:
Michael Valentine
(508) 958-6927
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Aug 3 at 12:36PM
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 Premier Commercial
Investment Insights
Based on property information with market context.
This 6,000± SF, fully furnished home presents a turnkey rental investment opportunity. The property features 6 bedrooms, 4 baths, 2 living rooms, an open kitchen, a dining area, and office space. Distinctive post-and-beam construction is highlighted by exposed beams and high ceilings. Two large bunk rooms and a secondary TV lounge provide additional living space. Outdoor amenities include a patio with built-in seating, a fire pit, a fenced yard, and two outdoor showers. A private 2-bedroom, 2-bath apartment with a separate entrance offers flexibility for guests or rental income. The second floor includes a full Yoga studio. Located less than a mile from Falmouth Heights Beach and the Island Queen Ferry, the property is ideally situated near beaches, the ferry, and downtown Falmouth. It is suitable for continued short-term rental, use as a family compound, or multi-unit living and is offered fully furnished and ready for immediate use or income generation.
Key Highlights
- Turnkey, fully furnished 6‑bedroom home ready for immediate rental income generation.
- Prime location less than a mile from Falmouth Heights Beach and the Island Queen Ferry.
- Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or rental income.
Financial Insights For Apartment 5plus
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 | $225.4k | $37.56 |
| − Vacancy | −$6.8k | −$1.13 |
| EGI | $218.6k | $36.43 |
| − OpEx | −$98.4k | −$16.39 |
| NOI | $120.2k | $20.04 |
6,000 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,230 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,153 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 02536, MA
19,993
Population
12,151
Households
1.6
Avg Household Size
53
Median Age
45%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
730
Density / Sq Mi
$95,295
Median Household Income
$52,868
Median Earnings
$1,473
Median Rent
$496,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished 6-bedroom home near Falmouth Heights Beach.
Where is this short term rental property located?
The property is located at 156 Teaticket Highway Falmouth, 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: Turnkey, fully furnished 6‑bedroom home ready for immediate rental income generation.; Prime location less than a mile from Falmouth Heights Beach and the Island Queen Ferry.; Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or rental income.
