Exceptional investment opportunity in the heart of Falmouth! This three-unit residential property offers 6 bedrooms, 3 full baths, and is situated on a generous 1/2-acre lot in a desirable area. Ample off-street parking for 4-6 vehicles, a spacious yard, and additional storage enhance the property's appeal for owners and tenants alike. Ideally located just minutes from Falmouth Hospital, the Shining Sea Bikeway, Steamship Authority parking, public transportation, downtown shopping, restaurants, beaches, and major commuter routes. Whether you're seeking a strong income-producing property, multi-generational living, or future investment potential, this versatile offering presents an outstanding opportunity in one of Cape Cod's most sought-after locations.
For sale
$750,000
355 Palmer Avenue, Falmouth, MA 02540
6beds
1,876sqft
Multi Family
Built in 1940
-- sqft lot
$569,200 Zestimate®
$400/sqft
$-- HOA
What's special
Spacious yardAdditional storage
- 8 days |
- 1,068 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
O'Neill Group oneillgroup@robertpaul.com,
Berkshire Hathaway HomeServices Robert Paul Properties
Source: CCIMLS,MLS#: 22603379
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,876
- Total interior livable area: 1,876 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.52 Acres
- Features: Bike Path, Medical Facility, Major Highway
Details
- Parcel number: FALM M:0038 B:0004 L:0003
- Zoning: GR
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shingle Siding
- Foundation: Block
- Roof: Asphalt
Condition
- Actual
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
HOA
- Has HOA: No
Location
- Region: Falmouth
Financial & listing details
- Price per square foot: $400/sqft
- Tax assessed value: $616,800
- Annual tax amount: $3,534
- Date on market: 7/13/2026
- Road surface type: Paved
Estimated market value
$569,200
$512,000 - $632,000
$3,107/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Listed for sale | $750,000+102.7%$400/sqft |
Source: MLS PIN #73548816 Report a problem | ||
| 5/29/2014 | Sold | $370,000-7.3%$197/sqft |
Source:  CCIMLS #21308046 Report a problem | ||
| 10/6/2013 | Listed for sale | $399,000+9.3%$213/sqft |
Source: Green Pond Realty #21308046 Report a problem | ||
| 8/14/2012 | Listing removed | $365,000$195/sqft |
Source: Kinlin Grover Real Estate #71360924 Report a problem | ||
| 4/3/2012 | Listed for sale | $365,000-8.5%$195/sqft |
Source: Kinlin Grover Real Estate #71360924 Report a problem | ||
| 1/1/2012 | Listing removed | $399,000$213/sqft |
Source: Upper Cape Realty #71209785 Report a problem | ||
| 4/3/2011 | Listed for sale | $399,000$213/sqft |
Source: Donald Angus #71209785 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,627 +5.4% | $617,900 +12.8% |
| 2024 | $3,441 +3.8% | $547,900 +14.4% |
| 2023 | $3,314 -8.6% | $478,900 +6.4% |
| 2022 | $3,625 +1.9% | $450,300 +7.7% |
| 2021 | $3,556 +2.3% | $418,300 +3.4% |
| 2020 | $3,476 +2.7% | $404,700 +2.3% |
| 2019 | $3,385 +7.4% | $395,500 +7.9% |
| 2018 | $3,151 +4% | $366,400 +3.2% |
| 2017 | $3,030 +1.9% | $355,200 |
| 2016 | $2,973 +2.2% | $355,200 |
| 2015 | $2,909 +7.7% | $355,200 +7.2% |
| 2014 | $2,700 +1.5% | $331,300 +0.2% |
| 2013 | $2,660 +7.4% | $330,800 +3.9% |
| 2012 | $2,476 +3% | $318,300 -4.7% |
| 2011 | $2,405 +4.3% | $334,000 -2.3% |
| 2010 | $2,306 +21.8% | $341,700 +9.7% |
| 2009 | $1,893 +10.3% | $311,400 +2.5% |
| 2008 | $1,717 | $303,900 -7.1% |
| 2007 | $1,717 +1.7% | $327,000 +5.1% |
| 2006 | $1,689 +7.4% | $311,100 +15.3% |
| 2005 | $1,573 +17.8% | $269,800 +53.2% |
| 2004 | $1,335 +4.1% | $176,100 +9.3% |
| 2003 | $1,282 +12.2% | $161,100 +61.6% |
| 2000 | $1,143 | $99,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 02540
Nearby schools
GreatSchools rating
- 4/10Mullen-Hall Elementary SchoolGrades: K-4Distance: 0.6 mi
- 5/10Lawrence SchoolGrades: 7-8Distance: 0.5 mi
- 6/10Falmouth High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Falmouth
Source: CCIMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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