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John Stringfellow

homes@capecodstar.com +1(508) 319-9101

$ 1,795,000

Est. payment -/mo

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Exclusive Listing

Price Dropped by $155K

2705 State Highway Eastham, MA 02642

8 Beds

9 Baths

4,503 SqFt

UPDATED:

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

Listed by eXp Realty, LLC

+1(508) 319-9101

homes@capecodstar.com

Brewster, MA, 02631, USA