
8 Theatre Dr Falmouth — Photo 1 of 42
Recent Drop: $26,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping
Geography
Property History
$949,000
Was $975,000
Sep 9, 2026
MLS® 73559774
$975,000
Aug 5, 2026
MLS® 73559774
Listing Agent: Annie Hart Cool
Listing Office: Sotheby's International Realty
MLS® Number: 73559774