61 Canonicus Ave Oak Bluffs — Photo 1 of 41
$2,200,000
Investment Analysis — 61 Canonicus Ave
Oak Bluffs, MA 02557 — Oak Bluffs
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 0.96% cap rate and $21,196/yr in estimated NOI at the $2,200,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,420
Style
Single Family
Built
1999
Location, location, location: This 1999 home with all the comforts of the 21st Century is nestled on a landscaped lot within mellow surroundings. And yet … it’s located within mere moments of town, beach, bike path, bus line, parks, recreation, Farm Pond and a Land Bank trail. The situation hardly gets better. The 3BR/2.5BA house features a deep wraparound farmer’s porch, Brazilian cherry floors, an open and flexible layout, recent kitchen and bath updates, a generous 2nd floor bonus room and an attached single-car garage. The poured basement stands ready for your finishing whims. Kick back in your sunny backyard or on your shady porch with the distant peek of Nantucket Sound. Songbirds will serenade you from towering maples and oaks. Pinkletinks will chime in from Farm Pond. It’s no wonder that this abode has been loved – by vacation tenants as well as the owner. Note: This property lies within the jurisdiction of the Cottage City Historic District and Copeland District of the Town of Oak Bluffs. Passed Title 5.
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 2,420 sq ft principal dwelling). Lot size: 10,018 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
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Bike Path • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl nullCeiling Fan(s), Flooring - Hardwood
Dining Room
Lvl nullFlooring - Hardwood, French Doors
Kitchen
Lvl nullFlooring - Hardwood, Countertops - Upgraded, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Gas Stove
Family Room
Lvl nullFlooring - Hardwood, French Doors
Primary Bedroom
Lvl nullBathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Double Vanity
Bedroom 3
Lvl nullCeiling Fan(s), Flooring - Hardwood
Bathroom 2
Lvl nullBathroom - Full, Bathroom - With Tub & Shower
Listing Agent: Kristin Buck
Listing Office: Donnelly + Co.
MLS® Number: 73576858