
21 Mill Road Falmouth — Photo 1 of 35
$1,065,000
Investment Analysis — 21 Mill Road
Falmouth, MA 02540
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 3-bedroom in 02540 carries an estimated $2,600/mo in gross rent — about a 1.71% cap rate and $18,190/yr in estimated NOI at the $1,065,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,589
Style
Single Family
Built
1981
Conveniently located just off Woods Hole Road and Locust Street, 21 Mill Road offers a rare combination of privacy, distinctive character, and exceptional access to many of Falmouth's most desirable amenities. The Shining Sea Bikeway, Surf Drive Beach, and the seasonal WHOOSH Trolley connecting Falmouth Village and Woods Hole are all nearby, providing easy access to beaches, restaurants, shops, ferry service, and coastal attractions.Set on approximately 0.33 acres, the property is enclosed by a tall stockade fence, creating an unusually private and peaceful setting. Inspired by the builder's time living in Japan, the thoughtfully designed landscape features mature evergreens, Japanese maples, gravel pathways, and a stone terrace with outdoor dining space, providing a tranquil backdrop for entertaining or relaxing.Built circa 1981, the saltbox-style residence offers approximately 1,589 square feet of living space with a flexible floor plan suited to year-round or seasonal living. An entry foyer with a coat closet opens to the living and dining area with direct access to the terrace. The galley kitchen includes a refrigerator installed in 2026, while a separate living/TV room features a substantial built-in daybed and a second access point to the terrace, creating additional space for gathering or accommodating guests.The first floor also includes the primary bedroom with a generous closet, a full bathroom, and a convenient laundry area with washer and dryer, allowing for comfortable single-level living.Upstairs are two additional bedrooms, each with generous closet space, a spacious full bathroom, and a separate office ideal for working from home, hobbies, or quiet retreat.The full basement offers high ceilings and abundant storage or workshop potential. Outside, the property includes a carport with an attached storage shed, parking for at least six vehicles, and an 8 kW generator for added peace of mind.Offering privacy, thoughtful design, mature landscaping, and an ideal location near Falmouth Village, Woods Hole, beaches, and the bike path, 21 Mill Road is a distinctive opportunity to enjoy the best of Cape Cod living.
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: 795 sq ft (the lesser of 900 sq ft or half the 1,589 sq ft principal dwelling). Lot size: 14,374 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: G. Stewart Young
Listing Office: LandVest, Inc., Concord
MLS® Number: 73563365