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71 Althea Rd Falmouth — Photo 1 of 42

71 Althea Rd Falmouth — Photo 1 of 42

$989,900

Investment Analysis — 71 Althea Rd

Falmouth, MA 02556 — North Falmouth

Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 3-bedroom in 02556 carries an estimated $2,860/mo in gross rent — about a 2.12% cap rate and $21,011/yr in estimated NOI at the $989,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

2,641

Style

Single Family

Built

1985

This beautifully maintained contemporary ranch offers a surprisingly spacious and inviting interior filled with natural light. Soaring cathedral ceilings, skylights and an open-concept layout create a wonderful sense of space, connecting the living room, kitchen and dining area. Radiant heat in the main living areas adds comfort, while an electric fireplace creates a cozy focal point. The well-appointed kitchen features a large center island, generous prep space and newer appliances, including a refrigerator in 2026 and additional appliances updated in 2021. The spacious primary bedroom offers two walk-in closets and a beautifully appointed private bath with radiant heat. Coastal-inspired wall detailing adds warmth and character to this inviting retreat. The finished walkout lower level provides abundant additional living space, including a large family room with custom built-ins, home office, third full bath and laundry area. Full-size windows and direct outdoor access bring in natural light and create an easy connection to the outdoors. Recent improvements include a roof, exterior paint, fence and skylights approximately two years old; windows and slider approximately three years old; new bedroom doors throughout; and a new shed added in December 2025. Whole-house generator included. Oversized heated one-car garage offers flexibility for parking, storage or a workshop. Ideally located approximately two miles from Old Silver and Megansett Beaches, this beautifully maintained home combines generous living space, thoughtful updates and a relaxed coastal feel in desirable North Falmouth. Shown by appointment.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,641 sq ft principal dwelling). Lot size: 25,199 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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$989,900
Annual Taxes$5,072

Parking

Garage1
Off-Street9

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Walk-Out Access, Garage Access

Climate & Utilities

HeatingBaseboard, Radiant, Oil, Electric, Ductless
CoolingWall Unit(s), Ductless
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
Zoningres

Property & Lot

Acres0.58
SqFt Lot25,199
Lot FeaturesWooded, Sloped

Amenities & Appliances

Electric Water Heater • Oven • Dishwasher • Microwave • Range • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Bike Path • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

First
Bedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
OfficeBathroom 3
Main,First
KitchenFamily RoomMaster Bedroom
Kitchen
Lvl Main,First

Skylight, Cathedral Ceiling(s), Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior

Office
Lvl Basement

Flooring - Stone/Ceramic Tile

Family Room
Lvl Main,First

Cathedral Ceiling(s), Flooring - Hardwood, Open Floorplan, Recessed Lighting

Master Bedroom
Lvl Main,First

Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Flooring - Laminate

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Flooring - Laminate

Bathroom 3
Lvl Basement

Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Maria Gorman

Listing Office: Coldwell Banker Realty - Westwood

MLS® Number: 73570705