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    The Largest CRE Database in the US with Over 1 Million Listings

    12 Maple Ave Oak Bluffs, MA 02557

    Sponsored
    For Sale
    $1,830,000

    MULTI_FAMILY - Cottage - Oak Bluffs, MA

    Property size:
    1,600 SF
    Lot size:
    0.10 Acres
    Days on Market:
    193
    Last Refresh:
    Feb 18 at 12:06 pm

    Property Features for 12 Maple Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    Rooms
    Bedroom 2, Basement, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    8/51 & 52
    Parking features
    On Street
    Patio and Porch features
    Patio
    Exterior features
    Outdoor Shower, Garden
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Walk-Out Access, Partial
    Appliances
    Water Heater, Gas Range, Electric Range, Electric Dryer, Washer, Refrigerator, Microwave
    Size
    1,600 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Electric (Heating), Propane (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1909
    Floors in Building
    1
    Number of units
    2
    Building materials
    Clapboard
    Roof type
    Asphalt
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Leslie C Floyd

    Martha's Vineyard Seacoast Properties (508) 627-9201

    Listing agent Leslie C Floyd (508) 221-4643 License #9500898

    Listing date Aug 10, 2025

    MLS# 32500245

    Copyright © 2026 Martha’s Vineyard Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Oak Bluffs Twin Cottages

    These two charming 1909 twin cottages are perched atop a gentle hill, surrounded by lush, established gardens in one of the island's most storied neighborhoods. The properties offer a rare opportunity to own a piece of local history, just a short distance to the harbor, downtown, and Winston's takeout. Built at a time when automobiles were rare, these homes were sited with ease of access in mind. Though they have no driveways, convenient on-street parking is always available. Both homes are separately deeded, giving you the flexibility to own them jointly or individually. They are fully furnished and move-in ready, with a long history of use as rentals and community housing. Whether you're looking for a full-time residence, income-generating property, or a flexible retreat for extended family or friends, these cottages provide a unique and practical setup ideal for dual living or multi-generational use. The lot size is 0.1 acres and the property size is 1600 square feet. The zoning is R2. The properties are located in Oak Bluffs, MA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Restaurant Restaurant Clothing & Fashion Store (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Bluffs
    County
    Dukes
    State
    Massachusetts
    Longitude
    -70.566855
    Latitude
    41.459646

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    FAQs

    What type of property is this?
    Duplex - Two charming, furnished cottages in a prime Oak Bluffs location.
    Where is this duplex located?
    The property is located at 12 Maple Ave Oak Bluffs, MA.
    What is the asking price?
    The asking price for this property is $1,830,000.
    What are key features of this property?
    This property features: - Two separately deeded cottages offer flexibility: own jointly or individually.; - Prime Oak Bluffs location: short distance to harbor, downtown, and Winston's takeout.; - Historic 1909 twin cottages with established gardens in a desirable neighborhood.
    (508) 221-4643
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Maple Ave Oak Bluffs, MA 02557
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    We can help!
    Listing Contact
    Leslie C Floyd
    Real Estate License ID: 9500898
    (508) 221-4643
    Learn more
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