Investment Analysis — 4631 Falmouth Rd

Barnstable, MA 02635

Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a home in 02635 carries an estimated $2,080/mo in gross rent — about a 0.70% cap rate and $9,483/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

4,443

Style

Single Family

Built

1790

A rare opportunity to own two residentially zoned parcels totaling 2.28 acres in desirable Cotuit. This property includes a 4,443 sq. ft. historic building from the 1700s with a special permit to operate as a restaurant. It offers flexible potential—continue as a commercial establishment or explore residential development on the second lot. The well-designed interior features a bar, eight dining rooms, an industrial kitchen, an office, and five bathrooms, balancing high-volume service with historic charm. Recent upgrades include a new natural gas generator, heating and cooling system, windows, hot water tank, and RoofMax coating. The exterior boasts extensive landscaping, a new stone walkway, a patio for outdoor dining, multiple sheds, walk-in coolers, and a newly expanded 54-space parking lot with handicap-accessible spots. The building’s siding was replaced in 2020 and repainted in 2024. A prime investment opportunity with historic character and modern upgrades!

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 4,443 sq ft principal dwelling). Lot size: 99,317 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.