Two-Unit Duplex with
For Sale
$1,200,000
5500 State Highway, Eastham, MA 02642
Multi-Family, Eastham, MA
Property Size2,520 SF
Lot Size1.27 Acres
Price / SF$476.19
Days on Market25
Property Features for 5500 State Highway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Reside
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Basement
Parking
5
Parking features
Paved or Surfaced
Patio and Porch features
Deck
Interior features
Pantry
Basement
Full
Appliances
Water Heater, Electric Range, Dishwasher, Refrigerator
Lot features
Interior Lot, Level, Wooded
Elementary school district
Nauset
Middle school district
Nauset
High school district
Nauset
Directions
Rte. 6 Heading towards Wellfleet, #5500 on tree on right. Owner requests no drive-by.
Subdivision
Eastham
Standard status
Active
APN
EAST M:5 B: L:1-B
Size
2,520 SF
Lot size
1.27 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6146
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating)
Water source
Well
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
VIP Real Estate
(508) 274-6268
Listed By:
Lynn McDermott
(508) 349-6407
Added: Sep 11
Changed: Oct 4
Last Checked: Oct 5 at 7:06PM
MLS# 22604531
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.
Completed in 2022, this 2,520-square-foot duplex contains five bedrooms across two residences on a 1.27-acre parcel. One unit has two bedrooms, a full bathroom, an eat-in kitchen, a living room, and a deck. The second residence includes three bedrooms, a full bathroom, an entry-level half bath, an eat-in kitchen, and living and dining areas. Each unit has basement access.
The property is reached by a driveway measuring more than 660 feet and abuts a bike path. The National Seashore also borders that path, and Nauset Light Ocean Beach is approximately 2.5 miles away. The residence has vinyl siding, propane heat, a well, and a septic system.
The property is reached by a driveway measuring more than 660 feet and abuts a bike path. The National Seashore also borders that path, and Nauset Light Ocean Beach is approximately 2.5 miles away. The residence has vinyl siding, propane heat, a well, and a septic system.
Key Highlights
- Two‑unit duplex with five bedrooms and 2,520 square feet
- Built in 2022 on a 1.27‑acre parcel
- One unit has 2 bedrooms, a full bath, an eat‑in kitchen, and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,175
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,500
$1.1M
Cap Rate 7%
$802,500
$802.5K
Cap Rate 9%
$624,167
$624.2K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$83.2K $33.00/SF
− Vacancy
−$2.9K −$1.16/SF
EGI
$80.2K $31.85/SF
− OpEx
−$24.1K −$9.55/SF
NOI
$56.2K $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%
$1,123,500
Cap Rate 7%
$802,500
Cap Rate 9%
$624,167
Alternative Uses
Best Use
Multifamily LT 5
$802.5K
$702.2K – $936.3K
NOI $56,175 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$721.4K
$631.2K – $841.6K
NOI $50,496 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,884 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 02642, MA
5,752
Population
6,349
Households
0.9
Avg Household Size
61
Median Age
52%
College-Educated
96%
High-School Grad
14.0 sq mi
ZIP Area
411
Density / Sq Mi
$72,683
Median Household Income
$42,638
Median Earnings
$1,692
Median Rent
$668,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate unit layouts include a two-level residence and a deck-equipped unit.
Where is this duplex located?
The property is located at 5500 State Highway Eastham, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑unit duplex with five bedrooms and 2,520 square feet; Built in 2022 on a 1.27‑acre parcel; One unit has 2 bedrooms, a full bath, an eat‑in kitchen, and deck
