2705 State Highway, Eastham, MA 02642 (MLS # 73350363)
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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.
| LAST UPDATED | 3/30/2025 | YEAR BUILT | 1973 |
|---|---|---|---|
| GARAGE SPACES | 2.0 | COUNTY | Barnstable |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| High School | Nauset |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer |
|---|---|
| BASEMENT | Concrete, Full, Interior Entry, Walk-Out Access, Yes |
| GARAGE | Yes |
| HEAT | Baseboard, Natural Gas |
| INTERIOR | Open Floorplan, Storage |
| LOT | 0.7 acre(s) |
| LOT DESCRIPTION | Gentle Sloping |
| PARKING | Paved, Off Street, Tandem, Assigned, Driveway |
| SEWER | Private Sewer |
| STORIES | 2 |
| TAXES | 6248 |
| WATER | Public |
| WATERFRONT DESCRIPTION | Ocean Front, Beach Front |
MORTGAGE CALCULATOR
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Listing provided by Mason Hickman, exp Realty
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