
501 Commercial St #2C Provincetown — Photo 1 of 30
$2,095,000
Investment Analysis — 501 Commercial St #2C
Provincetown, MA 02657 — Provincetown
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 -0.86% cap rate and $-17,972/yr in estimated NOI at the $2,095,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,219
Style
Condominium
Built
1900
Experience front-row waterfront living at Provincetown's iconic Ice House. This spacious 2-bedroom, 2-bath residence offers 1,219 square feet of comfortable living space and sweeping views of Cape Cod Bay, Long Point, Provincetown Harbor, and the marina. The open living and dining area is oriented toward the water, with hardwood floors and sliders opening to a private waterfront balcony, an ideal spot for morning coffee, evening cocktails, or simply taking in the ever-changing harbor views. The kitchen offers granite countertops, a subway tile backsplash, generous cabinetry, and a large breakfast bar. The oversized primary suite enjoys beautiful water views, a walk-in closet, and a private tiled bath. The second bedroom is equally inviting, with beautiful water views that bring the bay into the room. A second full bath adds comfort and convenience for guests. An assigned parking space and elevator access add exceptional convenience, along with central air conditioning, recessed lighting, soundproofing, and updated windows. The Ice House is nearing completion of an extraordinary multi-million-dollar comprehensive renovation, including a new weather-tight exterior envelope, new HVAC systems, a new roof, modernized common areas, and replacement windows and doors. Located in Provincetown's desirable East End, with the harbor just outside your door and Commercial Street's galleries, restaurants, and shops moments away, Unit 2C offers an uncommon combination of substantial living space, dramatic water views, private outdoor space, parking, and elevator access. A rare opportunity to make a truly special Provincetown waterfront home your own.
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
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Bike Path • Marina
Geography
Listing Agent: Pamela Anthony
Listing Office: Berkshire Hathaway HomeServices Robert Paul Properties
MLS® Number: 73573056