Two-Home Multifamily
343 Tonset Road, Orleans, MA 02653
For Sale
$1,895,000
Multi-Family, Orleans, MA
Property Size4,626 SF
Lot Size2.30 Acres
Price / SF$409.64
Days on Market98
Property Features for 343 Tonset Road
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Exterior features
Fireplace
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
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Sewer type
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Building Details
Year built
Floors in Building
Number of units
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Building materials
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Architectural style
Listing Agency:
LuxRECapeCod, Inc.
(774) 207-0123
Listed By:
LUXRECapeCod Luxrecapecod
(774) 316-2604
Added: Aug 4
Changed: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 22603755
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 multifamily property includes two residences on 2.3 acres. The main home offers nearly 3,500 square feet, with 8 rooms, 3 bedrooms, and 2.5 baths. Its oversized 868-square-foot, two-car garage provides additional covered storage. A second residence has 1,133 square feet, 3 bedrooms, and 2 baths. A detached one-car barn adds another functional outbuilding.
Built in 1973, the property has shingle siding, a private yard, off-street parking, and a Cape Cod architectural style. Heating is oil-fired forced air; water is supplied publicly, and the property uses a septic system.
Built in 1973, the property has shingle siding, a private yard, off-street parking, and a Cape Cod architectural style. Heating is oil-fired forced air; water is supplied publicly, and the property uses a septic system.
Key Highlights
- Two residences on a 2.3‑acre parcel
- Main home: nearly 3,500 square feet, 8 rooms, 3 bedrooms, and 2.5 baths
- Second home: 1,133 square feet, 3 bedrooms, and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,697
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,940
$1.9M
Cap Rate 7%
$1,324,243
$1.3M
Cap Rate 9%
$1,029,967
$1.0M
Market Conditions
NOI Build-Up for 4,626 SF
Gross rent
$173.8K $37.56/SF
− Vacancy
−$5.2K −$1.13/SF
EGI
$168.5K $36.43/SF
− OpEx
−$75.8K −$16.39/SF
NOI
$92.7K $20.04/SF
Area
Barnstable County, MA
Vacancy
3.00%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,940
Cap Rate 7%
$1,324,243
Cap Rate 9%
$1,029,967
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,697 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $131,959 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Single family property - Two residences on one parcel offer separate living spaces, with garage and barn storage.
Where is this single family property located?
The property is located at 343 Tonset Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Two residences on a 2.3‑acre parcel; Main home: nearly 3,500 square feet, 8 rooms, 3 bedrooms, and 2.5 baths; Second home: 1,133 square feet, 3 bedrooms, and 2 baths
