Mixed-Use Retail and Apartments
21 S Orleans Rd Orleans Orleans, MA 02653
21 S Orleans Rd Orleans, Orleans, MA, 02653
$1,350,000
For Sale
$1,350,000
Landmark mixed-use building combines storefront retail frontage with upstairs apartments and flexible lower-level office or storage.
Property Size4,416 SF
Price / SF$305.71
Days on Market48
Property Features for 21 S Orleans Rd Orleans
General Information
- Standard status
- Active
- Size
- 4,416 SF
Building Details
- Year Built
- 1840
Listing Agency
(508) 501-1443
Listed by
Derek DaRosa
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 2:05 am
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 Derek DaRosa
Investment Insights
Based on property information with market context.
This stately mixed-use building is offered for sale as land and building only, not as a business. The property includes prime retail space entered at street level with office and break room areas, plus two upstairs apartments consisting of one 2-bedroom unit and one 1-bedroom unit, both described as having water views. A walk-out lower level adds approximately 600 square feet that can serve as office or storage, giving the property multiple operating options within the same footprint.
The retail portion overlooks Route 28 at the front, and the rear is described as Pretty Town Cove. The front includes ample parking for approximately 15 spaces, supporting convenient customer and tenant access.
For tenants, buyers, or operators seeking a combined residential and commercial setup, the configuration supports running a ground-floor retail use alongside rental housing above, while the walk-out lower level can be used for additional workspace or storage. The existing layout provides separate functional areas for retail, office/break space, apartment living, and lower-level flexibility.
The retail portion overlooks Route 28 at the front, and the rear is described as Pretty Town Cove. The front includes ample parking for approximately 15 spaces, supporting convenient customer and tenant access.
For tenants, buyers, or operators seeking a combined residential and commercial setup, the configuration supports running a ground-floor retail use alongside rental housing above, while the walk-out lower level can be used for additional workspace or storage. The existing layout provides separate functional areas for retail, office/break space, apartment living, and lower-level flexibility.
Key Highlights
- 1840 Orleans landmark mixed‑use building with storefront retail plus 2 upstairs apartments
- Retail overlooks busy Route 28 with street‑level entry and includes office and break room areas
- 15‑space parking lot for the retail storefront
Local Financial Insights For Multifamily LT 5
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 | $145.7k | $33.00 |
| − Vacancy | −$5.1k | −$1.16 |
| EGI | $140.6k | $31.85 |
| − OpEx | −$42.2k | −$9.55 |
| NOI | $98.4k | $22.29 |
4,416 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,439 @ 7.0% cap · market cap 7.29%
Second Best
Retail
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,968 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yak Arts International
Art Gallery
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Landmark mixed-use building combines storefront retail frontage with upstairs apartments and flexible lower-level office or storage.
Where is this mixed-use property located?
The property is located at 21 S Orleans Rd Orleans Orleans, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1840 Orleans landmark mixed‑use building with storefront retail plus 2 upstairs apartments; Retail overlooks busy Route 28 with street‑level entry and includes office and break room areas; 15‑space parking lot for the retail storefront
