Active
38 Days on market
8 Theatre Dr Falmouth — Photo 1 of 42

8 Theatre Dr Falmouth — Photo 1 of 42

Recent Drop: $26,000

$975,000
$949,000

$949,000

Investment Analysis — 8 Theatre Dr

Falmouth, MA 02536

Based on rent reported on the MLS listing, a 2-unit multi-family in 02536 carries $2,200/mo in gross rent — about a 1.62% cap rate and $15,379/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,200

Style

Multi Family

Built

1983

Waterfront living with a private dock and exceptional flexibility in Falmouth. Set along peaceful Round Pond, this beautifully renovated and reimagined property offers the Cape Cod lifestyle buyers dream about—water views, direct access to the pond, a private dock and the freedom to launch a kayak or canoe right from home.Thoughtfully designed as two separate living spaces, the property offers remarkable versatility. The upper level features two bedrooms with an open, comfortable living area overlooking the water, while the walk-out lower level provides a private one-bedroom living space with its own kitchen and living area. It’s an ideal arrangement for extended family, guests, multigenerational living or income possibilities.Spend summer days on the water, relax on the deck, rinse off in the outdoor shower and enjoy quiet evenings overlooking the pond. With approximately 2,200 square feet of living space, this home offers room to gather while still providing privacy when desired.A passed Title 5 septic inspection for three bedrooms adds peace of mind. Convenient to Falmouth’s beaches, golf, shopping and dining, with easy access on and off Cape. More than a home, 8 Theatre Drive is an opportunity to own waterfront, create income, and enjoy the Cape Cod lifestyle—all in one distinctive property

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

Original Price$975,000
Annual Taxes$4,685

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Vinyl, Laminate
BasementFull, Finished, Concrete

Climate & Utilities

HeatingElectric
CoolingWall Unit(s)
WaterPublic
SewerInspection Required for Sale

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningAGA

Property & Lot

Acres0.48
SqFt Lot20,909
Lot FeaturesCorner Lot, Wooded, Gentle Sloping

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping

Geography

Property History

Price Drop
$949,000

Was $975,000

Sep 9, 2026

MLS® 73559774

Listed
$975,000

Aug 5, 2026

MLS® 73559774

Listing Provided By

Listing Agent: Annie Hart Cool

Listing Office: Sotheby's International Realty

MLS® Number: 73559774