850 Falmouth Rd Barnstable, MA 02601
Hyannis NeighborhoodEstimated payment $124,079/month
Highlights
- 2.98 Acre Lot
- Deck
- Balcony
About This Home
The Residence at 850 offers investors a rare chance to acquire a newly constructed, fully stabilized Class A multifamily asset in the heart of Cape Cod. Completed in 2023, the luxury rental community features 44 two-bedroom and 9 one-bedroom units and has been operating through nearly two full years of stabilization. The property has matured into a high-performing, cash-flowing investment in one of Massachusetts’ most supply-constrained, high-demand rental markets. Future upside remains in aligning rents with market levels and enhancing management efficiencies. Located along Massachusetts Route 28 in Hyannis—Barnstable County’s largest and most dynamic village—the property benefits from regional connectivity, proximity to the Cape Cod Gateway Airport, commercial corridors, and new development. As Hyannis continues to revitalize, driven by public-private investments and a growing local economy, this asset is positioned to capitalize on long-term rental demand and rising housing costs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,392
Year Built
- Built in 2023
Lot Details
- 2.98 Acre Lot
Home Design
- Frame Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 50,621 Sq Ft Home
- Property has 1 Level
- Laminate Flooring
Bedrooms and Bathrooms
- 95 Bedrooms
- 93 Full Bathrooms
Parking
- 87 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Listing and Financial Details
- Assessor Parcel Number 2215630
Community Details
Overview
- 53 Units
Building Details
- Operating Expense $379,376
- Net Operating Income $1,224,865
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | For Sale | $22,950,000 | -- | $453 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73394144
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