20 Bank Street Wellfleet — Photo 1 of 42
Recent Drop: $200,000
$1,150,000
Investment Analysis — 20 Bank Street
Wellfleet, MA 02667 — Wellfleet (village)
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-bedroom in 02667 carries an estimated $2,120/mo in gross rent — about a 1.28% cap rate and $14,761/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
3,119
Style
Single Family
Built
1945
$200,000 PRICE IMPROVEMENT! A rare opportunity to own the iconic Blue Heron Gallery in the heart of Wellfleet, just steps from Main Street. Originally built as a Truro cottage in 1946 and relocated here in the 1970s, this distinctive property blends history, charm, and opportunity. Zoned for both Commercial and Residential use, it offers endless possibilities—continue as a gallery or boutique, create a live/work space, or convert to a residence (buyer to verify all uses). Beautiful gardens enhance the setting, with restaurants, galleries, boutiques, the harbor, and Wellfleet's famous oysters just moments away. Recent improvements include a newer roof, updated windows, Azek trim, and refreshed landscaping. Price reflects current condition. Buyer to complete septic repair after closing at buyer's expense. Board of Health-approved repair plan in hand; estimated cost $6,000-$8,000. Buyer to perform own due diligence.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,119 sq ft principal dwelling). Lot size: 11,325 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path
Geography
Property History
$1,150,000
Was $1,350,000
Jul 1, 2026
MLS® 73379350
$1,350,000
May 23, 2025
MLS® 73379350
$1,150,000
May 23, 2025
MLS® 73379351
$1,350,000
May 23, 2025
MLS® 73242198
$1,350,000
May 23, 2025
MLS® 73242251
$1,350,000
May 24, 2024
MLS® 73242198
$1,350,000
May 24, 2024
MLS® 73242251
Listing Agent: Dawn Lee
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73379350