1 Pheasant Dr Nantucket — Photo 1 of 6
$1,990,000
Investment Analysis — 1 Pheasant Dr
Nantucket, MA 02554
Based on HUD Small Area Fair Market Rent for Nantucket County, MA, a home in 02554 carries an estimated $2,410/mo in gross rent — about a 0.89% cap rate and $17,704/yr in estimated NOI at the $1,990,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1
SqFt
700
Style
Single Family
Built
1983
Charming studio approx. 700 sq. ft. cottage main structure with approx. 400 sq. ft. auxiliary building and additional storage shed. Convenient mid-island cul-de-sac location, short walk to the NRTA bus stop. 6 year seasonal rental history. Managed by caretakers for 15 years. Well-maintained since 2020. The Property, including all improvements, structures, and systems, are sold in 'as-is, where-is' condition.
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: 350 sq ft (the lesser of 900 sq ft or half the 700 sq ft principal dwelling). Lot size: 8,920 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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation
Geography
Listing Agent: Lisa Berry
Listing Office: Simply Sell Realty
MLS® Number: 73577617