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.
50,621 Sq Ft
2.98 Private Acres Exterior Space
Investment
$27,392 Annual Tax
Built in 2023
MLS/Listing ID 73394144
3 Stories
53 Units
Deck - Composite
Rubber
Construction - Frame
Balcony
Laminate
Concrete Perimeter
Parking - Off Street
Listing Courtesy of MATTHEWS REAL ESTATE INVESTMENT SERVICES, INC., NICHOLAUS JASINSKI - 617-448-1677
Source of Data: MLS PROPERTY INFORMATION NETWORK