PENDING
$395K PRICE DROP
48 Walker St Falmouth, MA 2540
Falmouth Village NeighborhoodEstimated payment $9,263/month
Total Views
20,515
10
Beds
7
Baths
4,072
Sq Ft
$388
Price per Sq Ft
Highlights
- Medical Services
- Property is near public transit
- Shops
- Morse Pond School Rated A-
- Porch
- Shed
About This Home
7-unit Multi-Family Property Steps from iconic Main Street Falmouth. Discover the perfect investment opportunity with this multi-family property. Whether you are searching for lucrative rental income, a family compound, a redevelopment opportunity or a combination of all the above, this property offers endless possibilities. This property has 6 units in the Main House and 1 detached Guest Cottage. Located a mere 500 feet to Main Street this property is a short stroll to all the shops, restaurants, art galleries, cafes and spas that make downtown Falmouth so very special. The property is less than .6 miles to The Shining Sea Bikeway, .7 miles to Surf Drive Beach, and .9 miles to Falmouth Harbor. The property has 6 one-bedroom units and a 4-bedroom unit. It is rare that a property with such potential becomes available in such a highly desirable area of Falmouth. The property has a passing 10-bedroom Title V report. This is truly an opportunity not to be missed.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,240
Year Built
- Built in 1900
Lot Details
- 0.32 Acre Lot
- Gentle Sloping Lot
- Cleared Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,072 Sq Ft Home
- Combination Dining and Living Room
- Basement Fills Entire Space Under The House
- Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Shed
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Baseboard Heating
- 220 Volts
- Sewer Inspection Required for Sale
Listing and Financial Details
- Rent includes unit 1(heat electric), unit 3(heat electric water), unit 4(heat electric)
- Assessor Parcel Number 47A S:12 P:082 L:002,2319821
Community Details
Overview
- 7 Units
- Property has 3 Levels
Amenities
- Medical Services
- Shops
Recreation
- Bike Trail
Building Details
- Net Operating Income $49,200
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,240 | $993,600 | $285,000 | $708,600 |
| 2023 | $6,052 | $874,600 | $285,000 | $589,600 |
| 2022 | $6,507 | $808,300 | $222,000 | $586,300 |
| 2021 | $6,404 | $753,400 | $222,000 | $531,400 |
| 2020 | $6,298 | $733,200 | $201,800 | $531,400 |
| 2019 | $1,941 | $716,600 | $201,800 | $514,800 |
| 2018 | $5,373 | $656,100 | $201,800 | $454,300 |
| 2017 | $5,437 | $637,400 | $201,800 | $435,600 |
| 2016 | $5,001 | $597,500 | $201,800 | $395,700 |
| 2015 | $4,894 | $597,500 | $201,800 | $395,700 |
| 2014 | $4,648 | $570,300 | $201,800 | $368,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | Price Changed | $1,580,000 | -9.7% | $388 / Sq Ft |
| 03/19/2025 03/19/25 | Price Changed | $1,750,000 | -11.4% | $430 / Sq Ft |
| 02/24/2025 02/24/25 | For Sale | $1,975,000 | -- | $485 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: Public Records
Similar Home in Falmouth, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73336984
APN: FALM-000047A-000012-000082-000002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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