4 Canonicus Ave Oak Bluffs — Photo 1 of 42
Recent Drop: $100,000
$5,225,000
Investment Analysis — 4 Canonicus Ave
Oak Bluffs, MA 02557 — Oak Bluffs
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a 6-bedroom in 02557 carries an estimated $3,400/mo in gross rent — about a 0.28% cap rate and $14,748/yr in estimated NOI at the $5,225,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4
SqFt
2,890
Style
Single Family
Built
1870
Overlooking Nantucket Sound and just steps from the vibrant heart of downtown Oak Bluffs, this distinctive compound blends laid-back West Coast style with classic island charm. The light-filled four-bedroom main house has been thoughtfully updated with modern, year-round comforts. Privately set at the rear, the guest house known as The Nest offers a peaceful retreat with a private deck, outdoor shower, parking, and mini-split climate control; its upstairs bedroom enjoys views from Farm Pond to Nantucket Sound. Completing the property is the charming Lilac House, a fun open-concept bunk house with a full bath, water-view deck, and private outdoor shower. A wraparound porch captures sweeping ocean views, while beaches, shops, restaurants, Circuit Avenue, and the Harbor are moments away. An established rental history further enhances this rare opportunity in one of Oak Bluffs’ most iconic locations.
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 2,890 sq ft principal dwelling). Lot size: 8,712 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$5,225,000
Was $5,325,000
Jun 12, 2026
MLS® 73472922
$5,325,000
Jun 26, 2025
MLS® 73472922
Listing Agent: Katie Donahue & Rachel Serwa Group
Listing Office: Sandpiper Realty, Inc.
MLS® Number: 73472922
