Active Under Contract
11 Days on market
27 Montello St Provincetown — Photo 1 of 27

27 Montello St Provincetown — Photo 1 of 27

$1,849,000

Investment Analysis — 27 Montello St

Provincetown, MA 02657 — Provincetown

Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-unit multi-family in 02657 carries an estimated $4,240/mo in gross rent — about a 1.58% cap rate and $29,157/yr in estimated NOI at the $1,849,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,526

Style

Multi Family

Built

1850

The charm of yesteryear meets the possibilities of today in this rare two-family property, sited on a 3,500 SF lot in Provincetown's West End. Enjoyed by the same owners for the past 44 years, the home offers over 1,500 square feet of living space, with two-bedroom, one-bath residences on both floors. The property is connected to the town sewer for four bedrooms, with the majority of the sewer betterment already paid. Each unit enjoys its own outdoor living space, the 1st-floor residence opens to a private deck and generous backyard, while the 2nd-floor unit features a spacious deck accessed directly from the living area. The home's exterior has been well maintained with newer windows, clapboard, and siding. Comfortable and livable now as you chart its next direction, this property presents a prime opportunity for reimagining. Whether your vision is to restore and modernize the existing two-family configuration, create a stunning single-family residence, or explore other possibilities permitted by zoning, this is a property with great potential. Additionally, there's a freestanding shed and off-street parking for at least 2 cars. Bring your vision and write the home's next chapter!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,849,000
Annual Taxes$9,512

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Plywood, Tile
BasementPartial, Interior Entry, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningRes3

Property & Lot

Acres0.08
SqFt Lot3,500
Lot FeaturesCorner Lot

Geography

Listing Provided By

Listing Agent: Rob Tosner

Listing Office: William Raveis Provincetown

MLS® Number: 73570637