Investors! Here's your chance to secure a rare opportunity in Falmouth Village. The multi-family property offers an unbeatable location and a host of possibilities for those seeking a flexible living arrangement. This location provides quick access to downtown, beaches, restaurants, Goodwill Park and direct access to the Shining Sea Bike Path. The property has 3 distinct buildings: The main house has the primary residence on the 1st floor, with 2 bedrooms, full kitchen, living room and full bath. The bonus lower-level suite includes a kitchenette, bath and a living area/bedroom that opens to the backyard. The separate cottage with kitchen, bathroom, bedroom and living room, boasts its own parking area, making it a separate living/rental opportunity. The 3rd rental building is a garage with a storage shed. All 3 buildings come with strong rental histories. Generate passive income or use this multi-family property to accommodate extended family members. Being sold ''as is.''
Sold for $743,000
$743,000
552 Palmer Avenue, Falmouth, MA 02540
3beds
2,074sqft
Multi Family
Built in 1954
-- sqft lot
$855,100 Zestimate®
$358/sqft
$2,803 Estimated rent
Home value
$855,100
$795,000 - $924,000
$2,803/mo
Zestimate® history
Owner options
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$2,803/mo
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$2,803/mo
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$4,383/mo
Est. payment
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$4,383/mo
Est. payment
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List your homeWhat's special
Separate cottageQuick access to downtownFull kitchen
Zillow last checked:
Listing updated:
Listed by:
O'Neill Group oneillgroup@robertpaul.com,
Berkshire Hathaway HomeServices Robert Paul Properties,
Ed Kozak 508-737-1675,
Berkshire Hathaway HomeServices Robert Paul Properties
Bought with:
Kevin P Leddy, 9057724
Kinlin Grover Compass
Source: CCIMLS,MLS#: 22304265
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Vinyl, Carpet, Wall to Wall
- Basement: Bulkhead Access,Finished
- Has fireplace: No
- Common walls with other units/homes: Basement, Detached
Interior area
- Total structure area: 2,074
- Total interior livable area: 2,074 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Open
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Entry location: Unit 1: First Floor,Unit 1: Street Level,Unit 2: Basement,Unit 2: Lower Level,Unit 3: First Floor
- Patio & porch: Deck
- Exterior features: Private Yard
Lot
- Size: 0.38 Acres
- Features: Bike Path, Medical Facility, Major Highway, Level, Cleared, Wooded
Details
- Parcel number: 35 01A 011 000
- Zoning: GR
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Clapboard
- Foundation: Block
- Roof: Asphalt, Pitched
Condition
- Actual
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
HOA
- Has HOA: No
Location
- Region: Falmouth
Financial & listing details
- Price per square foot: $358/sqft
- Tax assessed value: $419,800
- Annual tax amount: $3,379
- Date on market: 10/1/2023
- Cumulative days on market: 74 days
- Listing terms: Conventional
- Total actual rent: 2314
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $743,000-6.5%$358/sqft |
Source:  CCIMLS #22304265 Report a problem | ||
| 12/13/2023 | Pending sale | $795,000$383/sqft |
Source: CCIMLS #22304265 Report a problem | ||
| 11/27/2023 | Price change | $795,000-5.9%$383/sqft |
Source: MLS PIN #73165410 Report a problem | ||
| 10/31/2023 | Price change | $845,000-5.6%$407/sqft |
Source: CCIMLS #22304265 Report a problem | ||
| 10/1/2023 | Listed for sale | $895,000$432/sqft |
Source: MLS PIN #73165410 Report a problem | ||
| 6/28/2011 | Listing removed | $1,300$1/sqft |
Source: Donahue Real Estate Report a problem | ||
| 5/11/2011 | Listed for rent | $1,300$1/sqft |
Source: Donahue Real Estate Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,692 +7.1% | $628,900 +14.6% |
| 2024 | $3,448 +18.7% | $549,000 +30.8% |
| 2023 | $2,905 -7.5% | $419,800 +7.7% |
| 2022 | $3,139 +8% | $389,900 +14% |
| 2021 | $2,907 +2.8% | $342,000 +3.9% |
| 2020 | $2,827 +1.9% | $329,100 +1.6% |
| 2019 | $2,773 +5% | $323,900 +5.5% |
| 2018 | $2,641 +2.4% | $307,100 +1.6% |
| 2017 | $2,578 +5.4% | $302,200 +3.4% |
| 2016 | $2,447 +2.2% | $292,400 |
| 2015 | $2,395 -3.3% | $292,400 -3.8% |
| 2014 | $2,476 +1.9% | $303,800 +0.6% |
| 2013 | $2,429 +2.7% | $302,100 -0.7% |
| 2012 | $2,366 +3% | $304,100 -4.7% |
| 2011 | $2,297 +7.2% | $319,000 +0.5% |
| 2010 | $2,143 +0.4% | $317,500 -9.6% |
| 2009 | $2,135 +11.7% | $351,100 +3.8% |
| 2008 | $1,911 +8.1% | $338,300 +0.5% |
| 2007 | $1,767 -0.9% | $336,500 +2.5% |
| 2006 | $1,783 +6.5% | $328,300 +14.3% |
| 2005 | $1,674 +8.3% | $287,200 +40.9% |
| 2004 | $1,546 +7.1% | $203,900 +12.5% |
| 2003 | $1,443 +1.7% | $181,300 +46.4% |
| 2000 | $1,419 | $123,800 |
Find assessor info on the county website
Neighborhood: 02540
Nearby homes
- $--4 Square Feet0 Palmer Ave, Falmouth, MA 02540Off Market
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- $931,3004 bd2 ba2.9k sqft522 Palmer Ave, Falmouth, MA 02540Off Market
Nearby schools
GreatSchools rating
- 7/10Morse Pond SchoolGrades: 5-6Distance: 0.9 mi
- 5/10Lawrence SchoolGrades: 7-8Distance: 0.9 mi
- 6/10Falmouth High SchoolGrades: 9-12Distance: 1.4 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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Estimated market value
$855,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$855,100
- Massachusetts
- Barnstable County
- Falmouth
- 02540
- 552 Palmer Avenue
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