
450 Lieutenant Island Rd Wellfleet — Photo 1 of 42
Recent Drop: $90,000
$789,000
Investment Analysis — 450 Lieutenant Island Rd
Wellfleet, MA 02667 — Lieutenant Island
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 4-bedroom in 02667 carries an estimated $2,980/mo in gross rent — about a 2.71% cap rate and $21,351/yr in estimated NOI at the $789,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,088
Style
Single Family
Built
1963
BACK on market due to financing issue. Beloved 4-bedroom mid-century contemporary Ranch; a cherished family home since 1963. Seller installing brand-new septic system prior to closing. Nestled just one house away from the Lt. Island bridge. This property offers unparalleled access to some of the area's most secluded and pristine bayside beaches. The main level features an inviting living room with a brick fireplace and door leads to a rear deck—perfect for summer entertaining. The layout flows seamlessly to the enclosed kitchen. Dining room is separate and spacious. All rooms on first floor boast of high ceilings that enhance the sense of space. A highlight is the extraordinarily spacious main bedroom addition, complete with a dedicated wall of closets. The walk-out lower level is fully finished, providing two additional bedrooms, a full bathroom, and a generous family room. This versatile floor plan is an excellent fit for multi-generational living or guest privacy. Awaiting your creative cosmetic upgrades. Don't miss this opportunity to secure a mid-century retreat with 1 car garage in a premier coastal location. Reach out today to schedule a showing and make this home your own!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,088 sq ft principal dwelling). Lot size: 15,682 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Property History
$789,000
Was $879,000
Aug 15, 2026
MLS® 73563698
$879,000
Aug 14, 2026
MLS® 73563698
Listing Agent: Amanda Robinson
Listing Office: Berkshire Hathaway HomeServices Robert Paul Properties
MLS® Number: 73563698

