355 Palmer Avenue Falmouth, MA 02540
MULTI_FAMILY - Falmouth, MA
Property Features for 355 Palmer Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 3, Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1
- Parking features
- Driveway
- Exterior features
- Private Yard
- Basement
- Partial
- Appliances
- Water Heater
- Standard status
- Active
- APN
- FALM M:0038 B:0004 L:0003
- Size
- 1,876 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3534
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet, Vinyl
- Building materials
- Shingle Siding
- Roof type
- Asphalt
Listing agent O'Neill Group (508) 524-7325
Listing office Berkshire Hathaway HomeServices Robert Paul Properties 279 Main Street, Sandwich, MA (508) 540-9800
Listing date Jul 13, 2026
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.
Located at 355 Palmer Avenue in Falmouth, Massachusetts, the property is described as being just minutes from Falmouth Hospital, the Shining Sea Bikeway, Steamship Authority parking, public transportation, downtown shopping and restaurants, beaches, and major commuter routes.
With a lot size of 0.52 acres and an overall property size of 1,876 square feet, the configuration is designed to support multiple separate residential units while providing practical outdoor and parking amenities.
Key Highlights
- Three‑unit residential property built in 1940 with 6 bedrooms and 3 full bathrooms
- Set on a 1/2‑acre lot with a private yard and additional storage space
- Ample off‑street parking for 4–6 vehicles with a driveway
Local 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 | $61.9k | $33.00 |
| − Vacancy | −$2.2k | −$1.16 |
| EGI | $59.7k | $31.85 |
| − OpEx | −$17.9k | −$9.55 |
| NOI | $41.8k | $22.29 |
