33 Vineyard Ave Oak Bluffs — Photo 1 of 32
Recent Drop: $120,000
$1,875,000
Investment Analysis — 33 Vineyard Ave
Oak Bluffs, MA 02557
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a 3-bedroom in 02557 carries an estimated $3,210/mo in gross rent — about a 1.37% cap rate and $25,780/yr in estimated NOI at the $1,875,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,431
Style
Single Family
Built
1900
Welcome to 33 Vineyard Avenue in Oak Bluffs, Martha's Vineyard. This fully gut renovated property encompassing 3B/2Ba in total featuring a 2BR/2BA primary home plus a distinctly separate attached 1BR/1BA ADU suite - offering flexible, move-in ready living or investment potential in a prime in-town location. The main residence in the primary showcases a light-filled interior, wood floors, beamwork, and refined finishes throughout. Open living flows to a gourmet kitchen with suede-finish stone counters, Bosch appliances, dining bar, and walk-in pantry. Upstairs offers two spacious bedrooms, a skylit bath with glass and stone shower, and a private balcony. Enjoy multiple outdoor spaces including a covered porch and side deck. The 1b/1ba ADU secondary suite provides a private entrance, parking, and utilities--ideal for guests or rental income. Featuring open living, oak floors, a stylish kitchen with stone counters and Bosch propane oven, plus a bedroom and full bath.
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: 716 sq ft (the lesser of 900 sq ft or half the 1,431 sq ft principal dwelling). Lot size: 5,180 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Oven • Dishwasher • Microwave • Refrigerator • Freezer • Range Hood
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Property History
$1,875,000
Was $1,995,000
Aug 14, 2026
MLS® 73511961
$1,995,000
May 4, 2026
MLS® 73511961
Listing Agent: Allison Cameron Parry
Listing Office: Douglas Elliman Real Estate - Nantucket
MLS® Number: 73511961