314 Gifford Street Unit 1U
Falmouth, MA 02540
- 2 beds
- 2 baths
- 1,140 sqft
- $228 per sqft
- 1980 build
- – on site
Discover a unique investment opportunity in the mixed-use Falmouth's Homeport complex. This lower level 2-bedroom, 2-bathroom condo, currently undergoing remodeling, features an open-concept living and kitchen area with two large windows with window wells that bring in natural light. The space is fully framed, with electrical and plumbing in place, and holds all necessary residential permits following recent rezoning to residential use. Accessible via stairs leading down to a recessed courtyard, the condo offers both a main entrance and a secondary side door. While most units in the complex are used for medical or professional offices, several have been converted to residential use, offering potential for flexible occupancy. With its ample on-site parking and its proximity to downtown Falmouth, this unit offers strong potential for rental income and is an excellent opportunity for investors looking to capitalize on consistent demand in a sought-after location. The property is being sold as is and will not be completed by the current owner, making it a compelling option for buyers ready to take on the finishing work and realize its full potential.
Last checked:
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Checking…
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Last updated Apr 10, 2025
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MLS# 22501467 —
The Building
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Year Built:1980
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New Construction:false
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Construction Materials:Clapboard
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Structure Type:Townhouse
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Building Name:Homeport
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Unit Number:1U
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Roof:Asphalt
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Foundation Details:Concrete Perimeter
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Stories:1
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Entry Location:Lower Level
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Building Area Units:Square Feet
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Building Area Total:1140
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Below Grade Finished Area Units:Square Feet
Interior
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Rooms Total:4
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Fireplace:false
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Flooring:Other
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:From Gifford St. turn into the Homeport. Entrance to unit 1U is on the back of Building 314.
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Coordinates:-70.61057, 41.56214
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Latitude:41.56214
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Longitude:-70.61057
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Property Condition:Updated/Remodeled
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Property Attached:true
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Parcel Number:38 03 314 001U
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Lot Features:Bike Path
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Lot Size Units:Acres
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Lot Size Source:Field Card
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Zoning:B3
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Waterfront:false
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Road Frontage Type:Private Road
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Road Surface Type:Paved
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Road Responsibility:Assoc Maintained
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (508) 866-7787
- Office phone:
- (508) 534-7200
Taxes
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Tax Year:2025
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Tax Annual Amount:597
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Tax Assessed Value:101800
Beds
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Bedrooms Total:2
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Master Bedroom Level:Basement
Baths
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Total Baths:2
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Total Baths:2
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Full Baths:2
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:Private Sewer
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Water Source:Public
Appliances
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Appliances:Tankless Water Heater
Schools
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Elementary School District:Falmouth
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Middle Or Junior School District:Falmouth
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High School District:Falmouth
The Community
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# of Units In Community:1
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Association:true
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Association Amenities:Road Maintenance
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Association Fee Includes:Professional Property Management
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Association Fee Frequency:Quarterly
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Association Fee:982
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Pool Private:false
Parking
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Garage:false
Monthly cost estimate
Asking price
$260,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,392
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| Taxes | $49 |
| Insurance | $71 |
| HOA fees | $327 |
| Utilities | $179 See report |
| Total | $2,018/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/8/25
Apr 8, 2025
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Listed / Active | CCI | $260,000 |
