Duplex with Separate
New
For Sale
$1,199,000
7 Standish Street, Provincetown, MA 02657
A three-level residence pairs multiple decks with a detached studio building and parking for two cars.
Property Size2,721 SF
Price / SF$440.65
Days on Market1
Property Features for 7 Standish Street
General Information
Standard status
Active
Size
2,721 SF
Total Parking Spaces
2
Property subtype
Multi-family
Lease Term
[]
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1800
Buildings
2
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Iskren ''Isi'' Georgiev
(508) 221-5053
Source:
Beachrealtycapecod
Added: Oct 30
Last Checked: Oct 30 at 1:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
At the corner of Standish and Freeman streets, this two-family property contains 3 bedrooms and 3 baths across three levels. Decks serve each level, and the lower level includes a former workshop. The property also includes 2,721 square feet, with a separate studio building offering storage on its lower floor and studio space with a full bath above. Monument views and parking for two cars round out the physical features. The property is offered as is.
Commercial Street is a short walk away. The corner location places the residence at Standish and Freeman, with views toward the Monument.
Commercial Street is a short walk away. The corner location places the residence at Standish and Freeman, with views toward the Monument.
Key Highlights
- Two‑family property with 3 bedrooms and 3 baths across three levels
- 2,721 square feet
- Decks on every level; lower level includes a former workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,655
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,100
$1.2M
Cap Rate 7%
$866,500
$866.5K
Cap Rate 9%
$673,944
$673.9K
Market Conditions
NOI Build-Up for 2,721 SF
Gross rent
$89.8K $33.00/SF
− Vacancy
−$3.1K −$1.16/SF
EGI
$86.7K $31.85/SF
− OpEx
−$26.0K −$9.55/SF
NOI
$60.7K $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%
$1,213,100
Cap Rate 7%
$866,500
Cap Rate 9%
$673,944
Alternative Uses
Best Use
Multifamily LT 5
$866.5K
$758.2K – $1.01M
NOI $60,655 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$778.9K
$681.6K – $908.7K
NOI $54,524 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.11M
$970.2K – $1.29M
NOI $77,618 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
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Business Placement
Demographics for 02657, MA
3,664
Population
4,778
Households
0.8
Avg Household Size
58
Median Age
61%
College-Educated
96%
High-School Grad
9.7 sq mi
ZIP Area
378
Density / Sq Mi
$104,500
Median Household Income
$54,784
Median Earnings
$1,306
Median Rent
$769,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-level residence pairs multiple decks with a detached studio building and parking for two cars.
Where is this duplex located?
The property is located at 7 Standish Street Provincetown, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family property with 3 bedrooms and 3 baths across three levels; 2,721 square feet; Decks on every level; lower level includes a former workshop
