235 Barnstable Rd

• The property is 100% leased today, underscoring its strong historical performance and the durability of demand in this submarket. This consistent occupancy provides investors with a stable, in-place income stream from day one of ownership.
• Beyond base rental income, the property generates more than $25,000 annually from gym, storage, and laundry revenue, providing a diversified and durable secondary income stream. This ancillary income enhances overall property cash flow and reduces reliance on rental income alone.
• The property holds permits in place to add six additional units on a currently vacant third floor, offering a clear path to expand net rentable area without acquiring additional land. In-place one-bedroom rents currently range from $1,718 to $2,200, a widespread that highlights the opportunity to mark rents to market and capture incremental upside across the existing unit mix. Together, these factors provide investors with multiple avenues to grow income beyond the current in-place level.
• The property is located less than a mile from downtown Hyannis, placing residents within immediate reach of the area’s shops, restaurants, and employment centers. The asset also benefits from convenient access to Route 28 and Route 132, along with proximity to Barnstable Municipal Airport and the Steamship Authority terminal, one of the primary gateways connecting the Cape to Martha’s Vineyard and Nantucket. This connectivity supports durable rental demand from commuters, seasonal workers, and year-round residents alike.
• Barnstable County’s median home price stands at approximately $780,000, placing homeownership out of reach for a large share of the local workforce. As a result, more residents are choosing to rent for extended periods, a dynamic that continues to support elevated occupancy and pricing power across the submarket. This trend positions the property to benefit from durable, long-term rental demand as the gap between renting and owning continues to widen.