2705 State Highway, Eastham, MA 02642 (MLS # 22501184)
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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. All units are separately metered for electricity, with a common panel for shared spaces. Units A & B are heated by natural gas. 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 6.4% cap on current rent roll and expenses. Call for more details.
| DAYS ON MARKET | 8 | LAST UPDATED | 3/26/2025 |
|---|---|---|---|
| YEAR BUILT | 1973 | GARAGE SPACES | 2.0 |
| COUNTY | Barnstable | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Water Heater |
| BASEMENT | Full, Interior Entry, Yes |
| CONSTRUCTION | Shingle Siding |
| GARAGE | Yes |
| INTERIOR | Recessed Lighting |
| LOT | 0.7 acre(s) |
| PARKING | Basement, Assigned, Paved, Off Street, Attached |
| STORIES | 2 |
| STYLE | Ranch |
| TAXES | 6248 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with eXp Realty, LLC
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