Two-Unit Duplex with Separate Living
For Sale
$789,000
Pending
765 Schoolhouse Road, Eastham, MA 02642
Two independent residences offer distinct layouts, shared basement utility access, and proximity to local schools and Cape Cod National Seashore.
Property Size3,136 SF
Days on Market48
Property Features for 765 Schoolhouse Road
General Information
Standard status
Pending
Size
3,136 SF
Property subtype
Multi-Family
Zoning
Reside
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,251
Building Details
Building Size
3,136 SF
Year Built
1953
Stories
2
Listing Agency:
Classic Cape Real Estate, LLC
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 4 at 6:10AM
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 Classic Cape Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1953, this 3,136-square-foot duplex contains two separate 2-bedroom residences. The first-floor home includes a granite kitchen, wood flooring, dining area, living room with a natural gas fireplace, an ensuite bath, kitchen-adjacent mudroom, and three mini-splits. The second-floor unit has two bedrooms and a combined living, dining, and kitchen area.
Each residence has its own living space, supporting privacy between occupants. The full basement houses the utilities and provides additional storage area. Town water and natural gas service from the street serve the property.
The duplex is near Eastham Elementary School, Nauset Regional High School, and Cape Cod National Seashore.
Each residence has its own living space, supporting privacy between occupants. The full basement houses the utilities and provides additional storage area. Town water and natural gas service from the street serve the property.
The duplex is near Eastham Elementary School, Nauset Regional High School, and Cape Cod National Seashore.
Key Highlights
- Two 2‑bedroom units with fully separate living spaces
- 3,136 SF duplex built in 1953
- First‑floor unit includes granite kitchen, wood floors, ensuite bath, mudroom, and natural gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,906
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,120
$1.4M
Cap Rate 7%
$998,657
$998.7K
Cap Rate 9%
$776,733
$776.7K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$103.5K $33.00/SF
− Vacancy
−$3.6K −$1.16/SF
EGI
$99.9K $31.85/SF
− OpEx
−$30.0K −$9.55/SF
NOI
$69.9K $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%
$1,398,120
Cap Rate 7%
$998,657
Cap Rate 9%
$776,733
Alternative Uses
Best Use
Multifamily LT 5
$998.7K
$873.8K – $1.17M
NOI $69,906 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$897.7K
$785.5K – $1.05M
NOI $62,840 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,456 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
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 - Two independent residences offer distinct layouts, shared basement utility access, and proximity to local schools and Cape Cod National Seashore.
Where is this duplex located?
The property is located at 765 Schoolhouse Road Eastham, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two 2‑bedroom units with fully separate living spaces; 3,136 SF duplex built in 1953; First‑floor unit includes granite kitchen, wood floors, ensuite bath, mudroom, and natural gas fireplace
