54 Lucerne Ave Falmouth — Photo 1 of 31
$979,000
Investment Analysis — 54 Lucerne Ave
Falmouth, MA 02540 — Falmouth Heights
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-bedroom in 02540 carries an estimated $2,120/mo in gross rent — about a 1.40% cap rate and $13,734/yr in estimated NOI at the $979,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,596
Style
Single Family
Built
1960
Discover the best of Falmouth Heights in this charming, well-maintained ranch nestled on a private .28-acre lot. The spacious well appointed kitchen features a large center island, granite countertops, stainless-steel appliances, opening to a comfortable dining/great room combination with slider access to rear deck, screened porch, and pretty yard perfect for easy indoor/outdoor living. A sun-drenched living room with fireplace provides a cozy retreat. A primary suite w/full bath, ample closets & a versatile sitting/office area. A generous sized second bedroom with double closets, main house full bath & laundry, Additional features include municipal sewer, central air conditioning, hardwood floors, a one car attached garage, full unfinished basement. Enjoy the coveted Falmouth Heights lifestyle, with the beach and Great Pond just a stroll away, along with nearby restaurants, parks, marinas, and popular local attractions. Whether you're seeking a Cape Cod getaway, year round home or investment opportunity, this desirable Heights location is not to be missed.
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: 798 sq ft (the lesser of 900 sq ft or half the 1,596 sq ft principal dwelling). Lot size: 12,179 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • House of Worship • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First17 x 13
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access
Dining Room
Lvl Main,First19 x 8
Flooring - Hardwood, Exterior Access
Kitchen
Lvl Main,First14 x 13
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Recessed Lighting
Master Bedroom
Lvl First14 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 13
Bathroom 1
Lvl First7 x 8
Bathroom 2
Lvl First7 x 9
Listing Agent: Kristin Haddigan
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73575596