2705 State Highway Active Save Request In-Person Tour Request Virtual Tour
Eastham,MA 02642
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Square Footage 4,503 sqft
Price per Sqft $398
MLS Listing ID 22501184
Bedrooms 8
Full Baths 8
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 4,503
Year Built 1973
Annual Tax Amount $6,248
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Source Cape Cod & Islands API
Property Description
Rare opportunity to own an 8-unit, year-round multifamily complex in Eastham. This versatile property is ideal for condo conversion, short-term rentals, employee or corporate housing, continued year-round tenancy, or potential redevelopment. The property consists of six buildings--two duplexes and four standalone units--served by an I/A septic system rated for nine bedrooms. Seven of the eight units are currently occupied with tenants at will; the remaining unit will be delivered vacant, offering flexibility for a new owner. Tenants pay for all utilities, except water. All units are separately metered for electricity, with a common panel for shared spaces. Each unit has it's own hot water heater. Units A & B are heated by separately metered natural gas. The remaining units are heated by electric baseboard heat. The lower level of A/B includes private storage cages for each unit, coin-operated laundry, and an owner's garage--ideal for material storage or possible income expansion. Recent updates have been made to Unit B and Unit 3/4. Strong rental history with significant upside. Asking price reflects a 6.7% cap rate on current rent roll and expenses. Call for more details.
Location
State MA
County Barnstable
Zoning Residential
Direction Heading north on state highway, the property is on the left. 2 Driveways - use driveway labeled 2705 1-6.
Rooms
Basement Interior Entry,Full
Interior
Interior Features Recessed Lighting
Cooling Other
Flooring Hardwood,Carpet,Tile,Laminate,Vinyl
Fireplace No
Appliance Electric Water Heater,Water Heater
Exterior
Garage Spaces 2.0
View Y/N No
Roof Type Asphalt
Street Surface Paved
Garage Yes
Building
Lot Description Conservation Area,West of Route 6
Faces Heading north on state highway, the property is on the left. 2 Driveways - use driveway labeled 2705 1-6.
Story 2
Foundation Block,Poured,Other
Sewer Innovative Alternative
Level or Stories 2
Structure Type Shingle Siding
New Construction No
Schools
Elementary Schools Nauset
Middle Schools Nauset
High Schools Nauset
School District Nauset
Others
Tax ID 155
Distance to Beach .5 - 1
Special Listing Condition Broker-Agent/Owner