Motel with Condominiums and
For Sale
$1,950,000
183 Captain Chase Road, Dennis Port, MA 02639
Motel property in Dennis Port with six renovated studio apartments, manager residence, and detached duplex added by conversion.
Property Size3,586 SF
Price / SF$543.78
Days on Market276
Property Features for 183 Captain Chase Road
General Information
Standard status
Active
Size
3,586 SF
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
Property Partners Real Estate,LLC
Listed By:
Jessalyn V Peters
(508) 394-6588
Source:
Capecodera
Added: Oct 29, 2025
Changed: Jul 30
Last Checked: Jul 30 at 6:54PM
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 Property Partners Real Estate,LLC
Investment Insights
Based on property information with market context.
Motel property in Dennis Port featuring 9 total units within the motel and a detached duplex. The motel includes six fully renovated studio apartments along with a managers residence, motel office, and a dedicated room for laundry and trash. A detached duplex with two one bedroom units was purchased and added to the motel.
The entirety is owned by a single entity as a condo, with condominium documents and ownership structures to be divided by each unit recorded with the Registry. This condominium conversion structure allows the property to be handled as individual unit interests, with the option to sell units individually while maintaining involvement through an HOA structure.
The property was built in 1955.
The entirety is owned by a single entity as a condo, with condominium documents and ownership structures to be divided by each unit recorded with the Registry. This condominium conversion structure allows the property to be handled as individual unit interests, with the option to sell units individually while maintaining involvement through an HOA structure.
The property was built in 1955.
Key Highlights
- 9 total units
- Six fully renovated studio apartments
- Managers residence, motel office, and laundry/trash room
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 | $134.7k | $37.56 |
| − Vacancy | −$4.0k | −$1.13 |
| EGI | $130.6k | $36.43 |
| − OpEx | −$58.8k | −$16.39 |
| NOI | $71.9k | $20.04 |
3,586 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.2K – $1.20M
NOI $71,857 @ 7.0% cap · market cap 3.68%
Second Best
Hotel Hospitality
$642.4K
$562.1K – $749.5K
NOI $44,968 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,292 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02639, MA
3,238
Population
5,162
Households
0.6
Avg Household Size
53
Median Age
39%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
1,156
Density / Sq Mi
$64,051
Median Household Income
$47,857
Median Earnings
$1,296
Median Rent
$451,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Crestview Resort — 67 Inman Rd, Dennis Port, MA 02639
- Bluegreen The Breakers Resort — 61 Chase Ave, Dennis Port, MA 02639
- The Conch Inn — 423 Lower County Rd, Dennis Port, MA 02639
- Doryman Motel — 73 Sea St, Dennis Port, MA 02639
- Bluebird Dennisport — 426 Lower County Rd, Dennis Port, MA 02639
Frequently Asked Questions
What type of property is this?
Motel - Motel property in Dennis Port with six renovated studio apartments, manager residence, and detached duplex added by conversion.
Where is this motel located?
The property is located at 183 Captain Chase Road Dennis Port, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 9 total units; Six fully renovated studio apartments; Managers residence, motel office, and laundry/trash room
