39 Pearl Street, Barnstable, MA 02601

ACCESS & CONNECTIVITY

The property is close to the Hyannis Transportation Center at 215 Iyannough Road, which serves as a hub for local and intercity bus service, including Peter Pan Bus Lines and CCRTA routes. Hyannis bus options include the Hyannis Crosstown and other CCRTA routes that connect the downtown area with the ferry docks, shopping areas, and neighborhoods across town.

Rail access is provided by the seasonal CapeFLYER, which runs from Memorial Day weekend through Labor Day between South Station and Hyannis.

The location benefits from straightforward regional highway access, with Route 6 feeding into Hyannis via Yarmouth Road. That corridor is one of the main approaches into downtown Hyannis, making it easy to reach other parts of Cape Cod as well as the broader South Shore and Boston-area highway network.

For island travel, the nearby Hy-Line Cruises terminal at 220 Ocean Street provides high-speed ferry service from Hyannis to Nantucket, with additional island-related ferry connectivity in the downtown harbor area.

39 Pearl Street is ideally situated in downtown Hyannis, just minutes from Cape Cod Gateway Airport, offering convenient access to regional air travel and the area’s primary transportation hub.

• TRAIN / BUS: Hyannis Transportation Center – 0.2 miles.
• HIGHWAY: Route 28 – 0.2 miles Route 132 – 1.5 miles. US Route 6 – 2.5 miles
• BOAT: Hy-Line Cruises Ferry Terminal – 0.6 miles. Steamship Authority Ferry Terminal – 0.7 miles
• AIRPORT: Cape Cod Gateway Airport (HYA) – 1.8 miles

AREA AMENITIES & DEMAND DRIVERS

39 Pearl Street is located within the commercial and transportation hub of Hyannis, providing strong underlying demand drivers for apartment housing from the region’s year-round workforce, healthcare sector, tourism economy, and maritime industries.

The property is situated near major employment centers including Cape Cod Hospital Pain Management Center and the broader Cape Cod Healthcare network, one of the largest employers on Cape Cod, as well as the Hyannis waterfront and ferry terminals that support significant seasonal and commuter employment tied to Nantucket and Martha’s Vineyard.

The area continues to experience housing demand driven by limited regional housing supply, growth in healthcare and service-sector employment, and the need for workforce housing across Cape Cod.

DESIRABLE CAPE COD LOCATION

39 Pearl Street is ideally located in the heart of Hyannis, one of Cape Cod’s most active commercial, tourism, and transportation hubs.

The Property benefits from close proximity to many of the Cape’s most desirable beaches and coastal attractions, including Kalmus Beach, Craigville Beach, Veterans Park Beach, and Sandy Neck Beach.

Hyannis experiences significant seasonal tourism activity during the summer months, drawing visitors from throughout New England and the Northeast who are attracted to Cape Cod’s beaches, boating, fishing, dining, and waterfront lifestyle.

Residents and visitors have convenient access to numerous surrounding Cape Cod destinations including the historic villages and beaches of Yarmouth, Dennis, Chatham, Falmouth, and Provincetown, and Islands.

HDIP / TIE TAX INCENTIVE

The Property currently benefits from a Housing Development Incentive Program (HDIP) Tax Increment Exemption (TIE) Agreement with the Town of Barnstable, resulting in reduced real estate taxes.

The TIE Agreement was established in connection with the development of the Property and provides for a phased tax exemption. The exemption is scheduled to phase down over time pursuant to the terms of the recorded agreement.

Year 1–5: 85% Exemption | Year 6–10: 60% Exemption | Year 11–20: 50% Exemption

UTILITIES

Tenants are responsible for gas-powered heat & hot water, which they pay directly. Tenants are also responsible for separately metered electricity, except for Unit J, which the Landlord is responsible for. Unit J electric is regularly offset by smart net metering revenue credit. The Landlord is responsible for providing town water & sewer to all units, which they pay directly.

OFF-STREET PARKING & AMENITIES

The Property offers ample off-street parking consisting of 14 assigned spaces.

Each unit includes an in-unit washer & dryer and air conditioning.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 8,100 people live within 1 mile of the Property with an average household income of $89,378. Over 26,900 people reside within 3 miles of the Property with an average household income of $103,843.

QUALITY OF LIFE AMENITIES

Residents are within close proximity to numerous popular local dining destinations including Black Cat Tavern on Hyannis Harbor, known for its waterfront seafood dining, as well as Spanky's Clam Shack and Seaside Saloon, COLOMBO'S RESTAURANT, and Portside Tavern.

The area also offers convenient access to national and quick-service dining options including Chick-fil-A and Chipotle Mexican Grill, both located near or within Cape Cod Mall, the Cape’s primary regional shopping destination.

Cape Cod Mall features a wide range of national retailers, restaurants, fitness operators, and entertainment venues, while nearby retail centers including The Landing at Hyannis and Festival Plaza further expand the area’s shopping and service offerings.

The property is also conveniently located near many of Hyannis’ most popular attractions, including Main Street’s restaurant and retail district, Hyannis Harbor, the Cape Cod Melody Tent, Cape Cod Maritime Museum, John F. Kennedy Hyannis Museum, and ferry service to Nantucket and Martha’s Vineyard.