Two-Bedroom Residential Income
New
For Sale
$350,000
174 Lowell Road, Mashpee, MA 02649
Multi-Family, Mashpee, MA
Property Size1,404 SF
Price / SF$249.29
Days on Market7
Property Features for 174 Lowell Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R5
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking
2
Parking features
Assigned
Patio and Porch features
Patio
Appliances
Dishwasher, Refrigerator
Elementary school district
Mashpee
Middle school district
Mashpee
High school district
Mashpee
Subdivision
Mashpee
Standard status
Active
APN
MASH M:60 B: L:3-29
Size
1,404 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2073
HOA Fee
$415 Monthly
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
community pool
enclosed garage
Building Details
Year built
1983
Floors in Building
2
Number of units
1
Flooring type
Carpet, Laminate
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Today Real Estate
(508) 430-8288
Listed By:
Kayla L Hilts
(508) 680-4821
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 27 at 3:06PM
MLS# 22604794
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,404-square-foot interior unit in Quashnet Valley includes two bedrooms, one full bathroom, and one half bathroom. The layout features light, neutral finishes, carpet and laminate flooring, a patio, and an enclosed garage. The kitchen is equipped with a dishwasher and refrigerator, while electric heating and wall-unit cooling support year-round comfort. Shingle siding, an asphalt roof, assigned parking, public water, and septic service are also included. Built in 1983, the property offers a defined residential configuration within a community setting.
The home is located in Mashpee near shopping, dining, and area walking trails. Community amenities include a pool, and the property includes a backyard area for additional outdoor space.
The home is located in Mashpee near shopping, dining, and area walking trails. Community amenities include a pool, and the property includes a backyard area for additional outdoor space.
Key Highlights
- 1,404 square feet with 2 bedrooms, 1.5 baths, and an interior‑unit layout
- Enclosed garage, assigned parking, patio, and backyard space
- Community pool within Quashnet Valley
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
$28,134
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
8.04%
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%
$562,680
$562.7K
Cap Rate 7%
$401,914
$401.9K
Cap Rate 9%
$312,600
$312.6K
Market Conditions
NOI Build-Up for 1,404 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
$52.7K $37.56/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$51.2K $36.43/SF
− OpEx
−$23.0K −$16.39/SF
NOI
$28.1K $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 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%
$562,680
Cap Rate 7%
$401,914
Cap Rate 9%
$312,600
Alternative Uses
Best Use
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,134 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 02649, MA
15,060
Population
10,522
Households
1.4
Avg Household Size
55
Median Age
44%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
644
Density / Sq Mi
$95,852
Median Household Income
$52,826
Median Earnings
$1,808
Median Rent
$515,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Interior unit with a patio, enclosed garage, community pool, and a practical one-and-a-half-bath layout.
Where is this residential income property located?
The property is located at 174 Lowell Road Mashpee, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,404 square feet with 2 bedrooms, 1.5 baths, and an interior‑unit layout; Enclosed garage, assigned parking, patio, and backyard space; Community pool within Quashnet Valley
