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161 Days on market

138 County Rd Falmouth — Photo 1 of 37

$995,000

Investment Analysis — 138 County Rd

Falmouth, MA 02556

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 2.13% cap rate and $21,222/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,676

Style

Single Family

Built

1918

Timeless charm meets modern comfort in this beautifully maintained 1918 North Falmouth home. Featuring 3 bedrooms and 2 full baths, this turn-key property showcases stunning heart pine floors, a cozy pellet stove, and central air conditioning. The bright interior opens to a spacious wood deck, perfect for entertaining, while the fenced yard is surrounded by mature perennials and includes an outdoor shower, front patio, and two sheds. Ideally located just 0.3 miles to Megansett Beach with town boat ramp access, and 0.5 miles to the Shining Sea Bike Path. Adjacent to the North Falmouth Library, with nearby tennis, pickleball, and a softball field. Close to local favorites like Epic Oyster, Prime Time Pizza, and Old Main Mercantile, with easy off-Cape access. A move-in ready coastal retreat in a sought-after location.

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: 838 sq ft (the lesser of 900 sq ft or half the 1,676 sq ft principal dwelling). Lot size: 6,500 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.