5 Webster Place Provincetown — Photo 1 of 31
$1,750,000
Investment Analysis — 5 Webster Place
Provincetown, MA 02657
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-bedroom in 02657 carries an estimated $2,120/mo in gross rent — about a 0.74% cap rate and $12,993/yr in estimated NOI at the $1,750,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,342
Style
Single Family
Built
1890
A rare offering steeped in Provincetown's artistic heritage, this single-family home was once the studio of renowned impressionist Pauline Palmer. Within these walls, she honed her craft and hosted many of the town's artistic luminaries at the turn of the last century, leaving a legacy that endures today. Renovated in 2018, updates included a new kitchen and 2.5 baths, on-demand hot water, mini-splits, and upgraded systems. The interior features two king suites - one on each floor - with en-suite baths, a soaring great room with an open cottage kitchen, and a cozy and yet very functional loft ideal for lounging or hosting additional guests. The home's unique light--beloved by artists--fills the space. Outside, a private patio invites alfresco dining and relaxed evenings. Tucked on a quiet street in the heart of town, this lovingly cared for property is offered turnkey with some exclusions and a strong rental bookings.
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: 671 sq ft (the lesser of 900 sq ft or half the 1,342 sq ft principal dwelling). Lot size: 1,849 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.
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Listing Agent: Iskren Georgiev
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73496174