Unit Information
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.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 02601
- Levels: 3
- Parking
- Parking: Off Street
- Parking Spaces: 87
- Rooms and Dimensions
- Total Units: 53
- Total Floors: 3
- Total Rooms: 95
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$22,950,000
- Status: New
- Listing ID: 73394144
- Bedrooms: 95
- Full Baths: 93
- Living Area: 50,621 sqft Convert
- Lot Size: 129,808 sqft Convert
- Acres: 2.98
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |