Mixed-Use Retail and
21 S Orleans Road Orleans, MA 02653
For Sale
$1,350,000
MULTI_FAMILY - Orleans, MA
Property Size4,416 SF
Lot Size0.46 Acres
Price / SF$305.71
Days on Market99
Property Features for 21 S Orleans Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Off Street
Patio and Porch features
Deck
Appliances
Water Heater
Standard status
Active
APN
ORLE M:026.0 B:0067 L:0000.0
Size
4,416 SF
Lot size
0.46 Acres
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
Carpet, Laminate, Wood
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Kinlin Grover Compass
(508) 255-3001
Listed By:
Tracey E Oringer
(508) 292-9775
Added: Apr 21
Changed: Jul 12
Last Checked: Jul 28 at 5:06AM
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.
Investment Insights
Based on property information with market context.
A stately mixed-use property on the 21 S Orleans Road parcel offers street-level retail in addition to two upstairs apartments. The retail space has office and break room areas and convenient on-site parking for 15 vehicles. Upstairs, there are two residential units: one 2-bedroom apartment and one 1-bedroom apartment, both with water views.
The retail portion is positioned at the front of the building, overlooking busy Route 28 for high visibility, while the rear overlooks pretty Town Cove. A walk-out lower level provides approximately 600 additional square feet for office or storage use.
This sale is for the land and building only; no business is included. The property’s multi-use layout, in-town visibility, and flexible interior spaces support a variety of owner and tenant scenarios.
The retail portion is positioned at the front of the building, overlooking busy Route 28 for high visibility, while the rear overlooks pretty Town Cove. A walk-out lower level provides approximately 600 additional square feet for office or storage use.
This sale is for the land and building only; no business is included. The property’s multi-use layout, in-town visibility, and flexible interior spaces support a variety of owner and tenant scenarios.
Key Highlights
- Land and building sale only (not a business), with multi‑use setup for retail space and apartments
- Retail space overlooks Route 28 at the front, with water views toward Town Cove at the rear
- Two upstairs apartments: one 2‑bedroom unit and one 1‑bedroom unit, both with water views
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
Office B
$1.33M
$1.16M – $1.55M
NOI $92,842 @ 7.0% cap · market cap 6.88%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Street-level retail with 15-space parking plus two upstairs apartments and a walk-out lower level.
Where is this triplex located?
The property is located at 21 S Orleans Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Land and building sale only (not a business), with multi‑use setup for retail space and apartments; Retail space overlooks Route 28 at the front, with water views toward Town Cove at the rear; Two upstairs apartments: one 2‑bedroom unit and one 1‑bedroom unit, both with water views
