Three-Unit Residential
New
For Sale
$884,000
24 Old Tote Rd, Orleans, MA 02653
Separate utility meters, heat pumps, and private laundry serve the property’s three residences.
Property Size1,543 SF
Days on Market2
Property Features for 24 Old Tote Rd
General Information
Standard status
Active
Size
1,543 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,047
Building Details
Building Size
1,543 SF
Year Built
1949
Buildings
2
Stories
3
Units
3
Listed By:
John Mallard
(508) 209-4289
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:20PM
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 John Mallard
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Investment Insights
Based on property information with market context.
This three-family property has two units in the main building and a detached one-bedroom accessory dwelling unit measuring 452 sq. ft. The main building includes a two-bedroom lower residence with a cathedral-ceiling family room and a granite-and-stainless kitchen, plus an upper one-bedroom residence with high ceilings and private laundry. The detached unit has a kitchen, living room, bathroom, in-unit laundry, and private deck.
Separate utility metering, new electrical services, and heat pumps are among the property’s building systems. A newer four-bedroom Title V septic system serves the property, and town sewer connection requirements do not apply until fall 2029. The property was built in 1949 and has a Walk Score of 56 and Bike Score of 62.
Separate utility metering, new electrical services, and heat pumps are among the property’s building systems. A newer four-bedroom Title V septic system serves the property, and town sewer connection requirements do not apply until fall 2029. The property was built in 1949 and has a Walk Score of 56 and Bike Score of 62.
Key Highlights
- Three‑family property with two main‑building residences and a detached one‑bedroom ADU
- Detached ADU measures 452 sq. ft. and includes a private deck and in‑unit laundry
- Main building has a two‑bedroom lower unit and an upper one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,396
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,920
$687.9K
Cap Rate 7%
$491,371
$491.4K
Cap Rate 9%
$382,178
$382.2K
Market Conditions
NOI Build-Up for 1,543 SF
Gross rent
$50.9K $33.00/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$49.1K $31.85/SF
− OpEx
−$14.7K −$9.55/SF
NOI
$34.4K $22.29/SF
Area
Barnstable County, MA
Vacancy
3.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,920
Cap Rate 7%
$491,371
Cap Rate 9%
$382,178
Alternative Uses
Best Use
Multifamily LT 5
$491.4K
$430.0K – $573.3K
NOI $34,396 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$441.7K
$386.5K – $515.3K
NOI $30,919 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
934
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility meters, heat pumps, and private laundry serve the property’s three residences.
Where is this triplex located?
The property is located at 24 Old Tote Rd Orleans, MA.
What is the asking price?
The asking price for this property is $884,000.
What are key features of this property?
This property features: Three‑family property with two main‑building residences and a detached one‑bedroom ADU; Detached ADU measures 452 sq. ft. and includes a private deck and in‑unit laundry; Main building has a two‑bedroom lower unit and an upper one‑bedroom unit
