Make Provincetown Your OWN with these two mixed use buildings featuring a combined 10 bedrooms and 6 baths, and a prime commercial space with a half bath in the heart of Provincetown’s downtown commercial district! First time on the market in over 50 years. Building one consists of ground floor retail space (approx. 1500sf) that has housed Coconuts Sunglasses for over 36 years, the second floor is a newly renovated approx. 1288sf 3BR/1BA (#5), separate coin operated laundry room for all of the apartments, and the top floor is an approx. 870sf 2BR/1BA (#6) and features a large sun deck. Building two consists of an approx. 240sf studio (#3), two approx. 372sf and 520sf 1BR/1BAs (#1 and #4), an approx. 605sf 2BR/1BA (#2), and a two car garage. Property being sold AS IS. Generates gross rental income of over $300,000+ across all units with mostly short term rentals. Cap rate of 5.5%. Many new plumbing/heating and cooling updates and improvements including new roof for front building. Furnishings negotiable. Sewer betterment paid in full.
Property Details
Price:
$3,575,000
MLS #:
22405711
Status:
Active
Beds:
10
Baths:
6.5
Type:
Multi Family
Listed Date:
Dec 2, 2024
Finished Sq Ft:
5,443
Total Sq Ft:
5,443
Lot Size:
3,485 sqft / 0.08 acres (approx)
Year Built:
1880
See this Listing
Schools
School District:
Provincetown
Interior
Appliances
Electric Water Heater, Dishwasher, Washer, Refrigerator, Electric Range, Microwave, Freezer, Electric Dryer
Bathrooms
6 Full Bathrooms, 1 Half Bathroom
Cooling
Other
Flooring
Hardwood, Tile, Laminate, Wood, Vinyl
Heating
Other
Exterior
Architectural Style
Antique
Construction Materials
Clapboard, Shingle Siding
Exterior Features
None
Parking Spots
1
Roof
Asphalt, Shingle, Other, Pitched, Flat
Financial
Tax Year
2025
Taxes
$14,407
Map
Community
- Address294 Commercial Street Provincetown MA
- CityProvincetown
- CountyBarnstable
- Zip Code02657
Market Summary
Current real estate data for Multi Family in Provincetown as of Sep 05, 2025
8
Multi Family Listed
252
Avg DOM
1,101
Avg $ / SqFt
$3,017,750
Avg List Price
Property Summary
- 294 Commercial Street Provincetown MA is a Multi Family for sale in Provincetown, MA, 02657. It is listed for $3,575,000 To schedule a showing of MLS#22405711 at 294 Commercial Street in Provincetown, MA, contact your Pleasant Bay Realty agent at (774) 209-1428.
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