5 Candlemaker Circle Edgartown — Photo 1 of 5
$439,500
Investment Analysis — 5 Candlemaker Circle
Edgartown, MA 02539 — Edgartown
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a home in 02539 carries an estimated $1,760/mo in gross rent — about a 3.64% cap rate and $15,991/yr in estimated NOI at the $439,500 list price. Adjust every assumption in the calculator below.
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Located on a quiet cul-de-sac in a private Edgartown neighborhood, this half-acre parcel offers the perfect setting for your Martha's Vineyard home. Centrally located, the property provides easy access to the bike path and State Forest walking trails. With the recent Massachusetts Affordable Homes Act, this lot is now buildable and will include an approved 3-bedroom septic plan. The site allows for a home of up to 1,850 sq. ft. of heated living space. Use as a seasonal residence or short-term rental is not permitted, ensuring a stable year-round neighborhood setting. Please note, the property may not be used as a seasonal residence or short-term rental. An excellent opportunity to design and build your future home on Martha’s Vineyard.
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 MLS and other third-party data may be inaccurate or out of date.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
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Property & Lot
Neighborhood
Public Transportation • Golf • Bike Path
Geography
Listing Agent: Alyssa Halisky
Listing Office: Wallace & Co. Sotheby's International Realty
MLS® Number: 73516268
