Two-Family Home with Heated
For Sale
$1,290,000
46 Monument View Road, East Dennis, MA 02641
MULTI_FAMILY - East Dennis, MA
Property Size3,356 SF
Lot Size0.41 Acres
Price / SF$384.39
Days on Market102
Property Features for 46 Monument View Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 5, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Basement, Bathroom 3, Bedroom 2, Bedroom 3
Exterior features
Private Yard, Outdoor Shower
Fireplace
1
Basement
Full
Appliances
Water Heater
Elementary school district
Dennis-Yarmouth
Middle school district
Dennis-Yarmouth
High school district
Dennis-Yarmouth
Directions
Rt 6A to Sears Rd to Monument View.
Subdivision
Dennis
Standard status
Active
APN
DENN M:000361 P:024-000
Size
3,356 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4056
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
heated breezeway
shared laundry area
private deck
koi pond
irrigation system
Building Details
Year built
1957
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Shingle Siding
Roof type
Asphalt, Shingle
Listing Agency:
Realty Consultants of Cape Cod
(774) 237-0848
Listed By:
Susan E Sullivan · License #9058076
(774) 836-5207
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 8 at 5:06PM
MLS# 22603000
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.
This two-family home on Monument View Road was built in 1957 and features central air and natural gas forced-air heat. The front home was completely renovated and includes a full basement with interior access. The two residences are connected by a heated breezeway that also includes a shared laundry area.
The rear home has renovated bathrooms and an open-concept kitchen, dining, and living area with vaulted ceilings, plus access to a private deck. A one-car garage provides direct access to the basement of the second home. The property also features a fireplace, tile and hardwood flooring, and shingle siding.
Outside, enjoy a private yard with a koi pond, irrigation system, and additional outdoor spaces, along with an outdoor shower. A retaining wall was added in 2025. Water is supplied by public service and sewer is provided by a septic tank.
The rear home has renovated bathrooms and an open-concept kitchen, dining, and living area with vaulted ceilings, plus access to a private deck. A one-car garage provides direct access to the basement of the second home. The property also features a fireplace, tile and hardwood flooring, and shingle siding.
Outside, enjoy a private yard with a koi pond, irrigation system, and additional outdoor spaces, along with an outdoor shower. A retaining wall was added in 2025. Water is supplied by public service and sewer is provided by a septic tank.
Key Highlights
- 0.41‑acre lot with private yard, koi pond, and irrigation
- Heated breezeway connects two residences with a shared laundry area
- Front home completely renovated with full basement and interior access
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
$74,810
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
5.80%
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%
$1,496,200
$1.5M
Cap Rate 7%
$1,068,714
$1.1M
Cap Rate 9%
$831,222
$831.2K
Market Conditions
NOI Build-Up for 3,356 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
$110.7K $33.00/SF
− Vacancy
−$3.9K −$1.16/SF
EGI
$106.9K $31.85/SF
− OpEx
−$32.1K −$9.55/SF
NOI
$74.8K $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%
$1,496,200
Cap Rate 7%
$1,068,714
Cap Rate 9%
$831,222
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$935.1K – $1.25M
NOI $74,810 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$960.7K
$840.6K – $1.12M
NOI $67,248 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,731 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 02641, MA
332
Population
429
Households
0.8
Avg Household Size
66
Median Age
82%
College-Educated
100%
High-School Grad
1.7 sq mi
ZIP Area
195
Density / Sq Mi
$1,024,500
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 - Renovated two-family home with central air and a heated breezeway connecting the residences and a shared laundry area.
Where is this duplex located?
The property is located at 46 Monument View Road East Dennis, MA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 0.41‑acre lot with private yard, koi pond, and irrigation; Heated breezeway connects two residences with a shared laundry area; Front home completely renovated with full basement and interior access
