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.
For sale
Price cut: $20K (4/23)
$240,000
314 Gifford Street #1U, Falmouth, MA 02540
2beds
1,140sqft
Est.:
Townhouse
Built in 1980
-- sqft lot
$233,800 Zestimate®
$211/sqft
$327/mo HOA
What's special
Ample on-site parkingRecessed courtyard
- 18 days
- on Zillow |
- 3,031 |
- 71 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 06:36am
Listed by:
INSPIRE Team 508-866-7787,
Keller Williams Realty
Source: CCIMLS,MLS#: 22501467

Travel times
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Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Basement
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Appliances
- Included: Tankless Water Heater, Electric Water Heater
Features
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 1,140
- Total interior livable area: 1,140 sqft
Property
Features
- Stories: 1
- Entry location: Lower Level
Lot
- Features: Bike Path, School, Medical Facility, Major Highway, House of Worship, Shopping, Conservation Area
Details
- Parcel number: 38 03 314 001U
- Zoning: B3
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Clapboard, Shingle Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- Updated/Remodeled, Actual
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Road Maintenance, Snow Removal, Trash
- Services included: Professional Property Management, Insurance
- HOA fee: $982 quarterly
Location
- Region: Falmouth
Financial & listing details
- Price per square foot: $211/sqft
- Tax assessed value: $101,800
- Annual tax amount: $597
- Date on market: 4/8/2025
- Ownership: Condo
- Road surface type: Paved
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