Listing Agency: Sotheby's International Realty Show Phone

Listed By: Jennifer Connors Show Phone

Source: Exprealty

Added: Jun 3, 2025 Changed: Oct 25 Last Checked: Oct 28 at 9:13AM

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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 / Yr

$26,750

Cap Rate

3.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,000 $535.0K

Cap Rate 7%

$382,143 $382.1K

Cap Rate 9%

$297,222 $297.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

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 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 (±1% cap)

NOI $26,750 @ 7.0% cap · market cap 3.83%

Second Best

Apartment 5plus

$343.5K

$300.6K – $400.8K (±1% cap)

NOI $24,046 @ 7.0% cap · market cap 3.44%

Theoretical Best

Office A

$489.0K

$427.9K – $570.5K (±1% cap)

NOI $34,231 @ 7.0% cap · market cap 4.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Explore this area Business Placement

Demographics for 02540, MA

8,450

Population

6,200

Households

1.4

Avg Household Size

61

Median Age

59%

College-Educated

94%

High-School Grad

11.0 sq mi

ZIP Area

768

Density / Sq Mi

$88,266

Median Household Income

$52,243

Median Earnings

$1,328

Median Rent

$756,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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 North 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.