Mixed-Use Building with
For Sale
$1,150,000
21 S Orleans Road, Orleans, MA 02653
Multi-Family, Orleans, MA
Property Size4,416 SF
Lot Size0.46 Acres
Price / SF$260.42
Days on Market192
Property Features for 21 S Orleans Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
LB
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking features
Off Street
Patio and Porch features
Deck
Appliances
Water Heater
Lot features
Views, Gentle Sloping, Easements
Elementary school district
Nauset
Middle school district
Nauset
High school district
Nauset
Directions
Yak Arts Building on Route 28 near Ace Hardware
Subdivision
Orleans
Standard status
Active
APN
ORLE M:026.0 B:0067 L:0000.0
Size
4,416 SF
Lot size
0.46 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7994
Utilities
Heating system
Oil
Water source
Public
Building Details
Year built
1840
Floors in Building
3
Number of units
3
Flooring type
Wood, Carpet, Laminate
Building materials
Shingle Siding
Roof type
Asphalt
Architectural style
Greek Revival
Buildings
1
Listing Agency:
Kinlin Grover Compass
(508) 255-3001
Listed By:
Tracey E Oringer
(508) 292-9775
Added: Apr 21
Changed: Oct 27
Last Checked: Oct 29 at 3:06PM
MLS# 22601618
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.
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Investment Insights
Based on property information with market context.
This 4,416-square-foot mixed-use property occupies a 0.46-acre parcel. Street-level retail space includes office and break areas, while two apartments sit above: one with two bedrooms and the other with one. Both residential units have water views. A walk-out lower level adds about 600 square feet of office or storage area. The building dates to 1840 and features Greek Revival architecture.
The retail area faces Route 28, with Town Cove at the rear. Off-street parking provides 15 spaces. The property also has a deck, public water service, and shingle siding.
The retail area faces Route 28, with Town Cove at the rear. Off-street parking provides 15 spaces. The property also has a deck, public water service, and shingle siding.
Key Highlights
- 4,416‑square‑foot building on 0.46 acres
- Street‑level retail includes office and break areas
- Two upstairs apartments: one 2‑bedroom and one 1‑bedroom; both have water views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,696
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,920
$1.8M
Cap Rate 7%
$1,295,657
$1.3M
Cap Rate 9%
$1,007,733
$1.0M
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$132.5K $30.00/SF
− Vacancy
−$2.9K −$0.66/SF
EGI
$129.6K $29.34/SF
− OpEx
−$38.9K −$8.80/SF
NOI
$90.7K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,920
Cap Rate 7%
$1,295,657
Cap Rate 9%
$1,007,733
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,489 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,968 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
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Business Placement
Demographics for 02653, MA
6,307
Population
5,685
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
99%
High-School Grad
12.1 sq mi
ZIP Area
521
Density / Sq Mi
$98,798
Median Household Income
$45,853
Median Earnings
$1,181
Median Rent
$816,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail, two upstairs apartments, and a walk-out lower level combine commercial and residential space.
Where is this mixed-use property located?
The property is located at 21 S Orleans Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,416‑square‑foot building on 0.46 acres; Street‑level retail includes office and break areas; Two upstairs apartments: one 2‑bedroom and one 1‑bedroom; both have water views
