5 School Street, Unit U2
Provincetown, MA · $1,779,000
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📊 STR projections🏖️ Beach distances🌊 Flood-zone risk📄 Investment dossier💰 Cash-flow analysis

5 School Street, Unit U2

Provincetown, MA 02657
$1,779,000
12 days on market · Listed Apr 3, 2026
Data refreshed Apr 8, 2026
🌊 Not in FEMA SFHA
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Type
Condo
Beds
2
Baths
2.5
Sq Ft
945
Acres
0.18
Year Built
2014
$ / Sq Ft
$1,883
Days on Market
12

Investment Snapshot

🟡 MEDIUM RISK
Monthly Carrying
$9,605
Cash Flow / yr
$-50,610
Cash-on-Cash
-10.2%
Cash Required
$498,120
Projected Revenue / yr
$92,171
Avg Daily Rate
$459
Occupancy
55%
STR Range (P50)
$68,935
🟡 MEDIUM RISK — Registration required. Seasonal restrictions may apply.
STR revenue range: $45,774$93,066

Location & Nearby

Map of 5 School Street, Unit U2, Provincetown MA with nearby beaches and points of interest
HThis property
  • A
    🍽️ Joon Bar
    0.12 mi
  • B
    🍽️ Liz's Cafe Anybody's Bar
    0.12 mi
  • C
    🍽️ Sal's Place
    0.14 mi
  • D
    🍽️ Relish Bakery & Sandwich Shop
    0.15 mi
  • E
    Flyer's Boat Yard & Rental
    0.15 mi
  • F
    🍽️ Victor's
    0.15 mi
  • G
    🍽️ Pop+Dutch
    0.18 mi
  • H
    🛝 Provincetown Playground
    0.23 mi

About this property

Make Provincetown Your OWN with this perfectly situated 2BR/2.5BA townhome in a highly sought after pocket of the West End in Provincetown! Part of a small three unit association that was built in 2014, this townhome features a large and open living room with hardwood flooring and lots of light. The kitchen features black quartz countertops, a stainless Samsung refrigerator, microwave, and gas range, and a Bosch dishwasher. A kitchen island provides additional storage and seating. There is a full pantry and banquette seating for 4. Also on this level is a half bath. Upstairs features the primary bedroom with cathedral ceilings, two closets, and an en-suite bath with large glass shower. The second bedroom also has an en-suite bath. Laundry is in a closet at the top of the stairs. Off the kitchen is an exclusive use patio with access to the parking area. Two tandem parking spaces and a large wooden shed for additional storage complete the listing. Small betterment balance of $916.95 to be assumed by Buyer. Weekly rentals and pets for owners allowed. Some furnishings negotiable for additional price. Sellers welcomes offers with request for buyer concessions. A must see!

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📋 Provincetown Short-Term Rental Rules
Registration, taxes, occupancy caps, and enforcement for STRs in Provincetown
Listed by Joel J Harms, William Raveis Real Estate & Home Services