296 Castle Road Nahant — Photo 1 of 42
$1,790,000
Investment Analysis — 296 Castle Road
Nahant, MA 01908
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01908 carries an estimated $3,430/mo in gross rent — about a 1.50% cap rate and $26,930/yr in estimated NOI at the $1,790,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,741
Style
Single Family
Built
2026
NEW CONSTRUCTION! Impeccable quality, with meticulously chosen details throughout. The thoughtfully designed versatile great room/kitchen space w/FP & lofted ceiling facilitates both everyday functionality and refined entertaining. Open concept kitchen w/substantial sized island assures the chef/host is always an integral part of the party. Warm beachy tones envelope you, bringing comfort to the generous sized space. First floor en-suite main bedroom can provide elder single level living needs, or be a fabulous guest suite.Three generous sized bedrooms on 2nd flr have ample closets, solid hardwood flooring throughout, central air. Laundry hookups on both floors. Dry basement offers addl options for family entertainment space. Exterior is practically maintenance free with premium quality "Everlast Siding". NO FLOOD ins required. Enjoy ocean breezes from beautiful sandy beaches surrounding you. Multiple beachside parks to enjoy scenic ocean views, Audubon trails, boating/kayak/windsurf...it's like being on vacation. Every day. This is a rare opportunity to have your forever home, in a location like nowhere else
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 2,741 sq ft principal dwelling). Lot size: 11,000 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 Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCathedral Ceiling(s), Flooring - Hardwood, Balcony - Interior, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Open Floorplan, Lighting - Overhead, Decorative Molding
Dining Room
Lvl Main,FirstCathedral Ceiling(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Lighting - Overhead, Decorative Molding
Kitchen
Lvl Main,FirstFlooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Slider, Gas Stove, Lighting - Pendant, Lighting - Overhead
Family Room
Lvl Main,FirstCathedral Ceiling(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Open Floorplan, Lighting - Overhead, Decorative Molding
Master Bedroom
Lvl Main,FirstBathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Dressing Room
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Lisa Scourtas
Listing Office: RE/MAX 360
MLS® Number: 73543431
