$22,950,000
95
Beds
93
Baths
50,621
Living Area
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Property Description
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.
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Highlights
- Acres: 2
- Parking Spots: 87
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 95
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 2023
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Additional Details
- Construction: Frame
- Flooring: Laminate
- Lot Features: Other
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: Rc-1
- Exterior Features: Balcony
- Foundation: Concrete Perimeter
- Roof: Rubber
- Total Number of Units: 53
- Year Built Source: Public Records
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Amenities
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $22,922,000
- Taxes: $27,392
- Tax Year: 2024
- Total Rent: $9,999
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Listing information provided courtesy of Matthews Real Estate Investment Services, Inc..
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