Renovated Duplex Near Old Silver
For Sale
$699,000
Pending
267 N Falmouth Hwy, Falmouth, MA 02556
Charming, renovated North Falmouth duplex near Old Silver Beach.
Property Size1,200 SF
Lot Size0.31 Acres
Days on Market269
Property Features for 267 N Falmouth Hwy
General Information
Standard status
Pending
Size
1,200 SF
Lot size
0.31 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$3,074
Building Details
Building Size
1,200 SF
Year Built
1961
Stories
2
Units
2
Listing Agency:
Sotheby's International Realty
(508) 868-0664
Listed By:
Annie Hart Cool
(508) 868-0664
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 22 at 9:21AM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
This renovated duplex is located in North Falmouth, offering two 1-bedroom units. Each unit includes a private deck and in-unit laundry. The property was renovated within the past seven years and features spacious living areas and custom laminate flooring. The kitchens are equipped with granite countertops, white shaker cabinets, and electric cooktops. A new septic system was installed in 2023. The backyard provides a private area surrounded by mature plantings. The property is located moments from Old Silver Beach and the bike path. It is suitable for year-round living, vacation rental, or as an investment opportunity.
Key Highlights
- Walk to Old Silver Beach and close to bike path.
- Two spacious, renovated 1‑bedroom units, each with private deck.
- In‑unit laundry in both units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,000
$535.0K
Cap Rate 7%
$382,143
$382.1K
Cap Rate 9%
$297,222
$297.2K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$39.6K $33.00/SF
− Vacancy
−$1.4K −$1.16/SF
EGI
$38.2K $31.85/SF
− OpEx
−$11.5K −$9.55/SF
NOI
$26.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,000
Cap Rate 7%
$382,143
Cap Rate 9%
$297,222
Alternative Uses
Best Use
Multifamily LT 5
$382.1K
$334.4K – $445.8K
NOI $26,750 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$343.5K
$300.6K – $400.8K
NOI $24,046 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 02556, MA
3,338
Population
2,751
Households
1.2
Avg Household Size
58
Median Age
69%
College-Educated
100%
High-School Grad
3.9 sq mi
ZIP Area
856
Density / Sq Mi
$133,929
Median Household Income
$68,750
Median Earnings
$658,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Charming, renovated North Falmouth duplex near Old Silver Beach.
Where is this duplex located?
The property is located at 267 N Falmouth Hwy Falmouth, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Walk to Old Silver Beach and close to bike path.; Two spacious, renovated 1‑bedroom units, each with **private deck**.; In‑unit laundry in both units.
