$22,950,000

Estimated payment $124,079/month

Total Views 3,157
95 Beds
93 Baths
50,621 Sq Ft
$453 Price per Sq Ft

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.

Listing Agent

Nick Jasinski

Matthews Real Estate Investment Services, Inc. Listed on: 06/19/2025

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,392

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 2023
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Flooring: Laminate
  • Fireplace YN: No
  • Total Bedrooms: 95
  • Full Bathrooms: 93
  • Total Bathrooms: 93
  • Total Bathrooms: 93
  • Above Grade Finished Sq Ft: 50621
  • Living Area: 50621
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8975
  • LIST PRICE PER Sq Ft: 453.37
  • PRICE PER Sq Ft: 453.37

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Composite
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 87

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 2215630
  • Zoning: RC-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 2.98
  • Lot Size Area: 2.98
  • Lot Size Sq Ft: 129808
  • Lot Size Units: Acres
  • PAGE: 99

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 27392
  • Tax Book Number: 99

Multi Family

  • Gross Income: 1604241
  • Net Operating Income: 1224865
  • Number Of Units Total: 53
  • Operating Expense: 379376
  • Total Actual Rent: 9999
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 2
  • FLRS 2: 3

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73394144

MLS Property Information Network (MLS PIN)