Renovated Waterfront
For Sale
$949,000
8 Theatre Dr, East Falmouth, MA
Two separate living areas pair residential flexibility with direct access to Round Pond.
Property Size2,200 SF
Price / SF$431.36
Days on Market62
Property Features for 8 Theatre Dr
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,685
Amenities
private dock
kayak and canoe launch
outdoor shower
Building Details
Buildings
1
Construction
ranch
Listing Agency:
Sotheby's International Realty
(508) 548-2522
Listed By:
Annie Hart Cool
(508) 868-0664
Source:
Exprealty
Added: Aug 5
Changed: Oct 2
Last Checked: Oct 4 at 5:18PM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
This renovated ranch-style duplex is arranged as two distinct living areas. The upper level contains two bedrooms, while the lower level provides a separate one-bedroom residence, supporting private accommodations for occupants, guests, or extended household use.
The property overlooks Round Pond and includes a private dock, kayak and canoe launch, and outdoor shower. A passed Title 5 septic system is sized for three bedrooms. The property is located at 8 Theatre Dr in East Falmouth, Massachusetts.
The property overlooks Round Pond and includes a private dock, kayak and canoe launch, and outdoor shower. A passed Title 5 septic system is sized for three bedrooms. The property is located at 8 Theatre Dr in East Falmouth, Massachusetts.
Key Highlights
- Renovated ranch‑style duplex with two separate living areas
- Upper level includes two bedrooms; lower residence has one bedroom
- Waterfront setting overlooking Round Pond
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,041
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,820
$980.8K
Cap Rate 7%
$700,586
$700.6K
Cap Rate 9%
$544,900
$544.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$72.6K $33.00/SF
− Vacancy
−$2.5K −$1.16/SF
EGI
$70.1K $31.85/SF
− OpEx
−$21.0K −$9.55/SF
NOI
$49.0K $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%
$980,820
Cap Rate 7%
$700,586
Cap Rate 9%
$544,900
Alternative Uses
Best Use
Multifamily LT 5
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$629.8K
$551.1K – $734.7K
NOI $44,084 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$896.5K
$784.5K – $1.05M
NOI $62,756 @ 7.0% cap · market cap 6.61%
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
57
Businesses Nearby
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Business Placement
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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 separate living areas pair residential flexibility with direct access to Round Pond.
Where is this duplex located?
The property is located at 8 Theatre Dr East Falmouth, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Renovated ranch‑style duplex with two separate living areas; Upper level includes two bedrooms; lower residence has one bedroom; Waterfront setting overlooking Round Pond
