Multi Family at 511 Palmer Ave, Falmouth MA 02540
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$849,000

511 Palmer Ave, Falmouth MA 02540
Falmouth, MA 02540
Listed by Steven Carlson
Bedrooms
4
Bathrooms
2.5
Living area
2,373 sqft
Year built
1934

About this home

Welcome to this highly desirable, move-in-ready property offering the perfect blend of charm, space, and versatility! Featuring a spacious 3-bedroom, 1.5-bath main house and a separate 1-bedroom, 1-bath cottage, this unique property offers endless possibilities for multigenerational living, an in-law setup, or potential rental income. Fully remodeled in 2019, the home combines comfort and character with thoughtful updates throughout.Inside the main home, enjoy the warmth and beauty of the stunning original stone fireplace, a bright and inviting sunroom, and a functional breakfast bar perfect for everyday living and entertaining. Step outside to discover two decks and a dedicated outdoor entertaining area, ideal for hosting gatherings or simply relaxing and enjoying the surroundings. The fenced-in yard sits on nearly an acre of land, offering plenty of space for outdoor activities, gardening, pets, and more. The oversized garage has potential for the new owner to bring up to speed or customize. Whether you're looking for a home with additional income potential, space for extended family, or a versatile property with room to enjoy, this special offering is full of opportunity.

Highlights

Fireplace

Property details

MLS
MLS Property Information Network
MLS #
73595123
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 26, 2026
Stories
3
Total bathrooms
2.5
Garage spaces
2
Parking spaces
8
Lot size
0.99 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Mullen-Hall
0.89 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
400
Student:teacher ratio
10.3:1
District
Falmouth
Middle
Lawrence
0.76 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
498
Student:teacher ratio
9.8:1
District
Falmouth
High
Falmouth High
1.7 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
805
Student:teacher ratio
11.8:1
District
Falmouth

Walkability

Blended score for Falmouth's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks11
Schools12
Transit stops11
Pharmacies7

Market position

How this listing compares to current activity in Falmouth, from live MLS data.

On the market 1 days -- 105 fewer days than Falmouth's current average of 106 days.
For reference, the median list price across 297 active listings in Falmouth right now is $899,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,263/mo
$169,800 down
$679,200 loan
Principal & interest$4,405
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 23 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.