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    33 Vineyard Avenue Oak Bluffs, MA 02557

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    Claim this Listing
    New
    For Sale
    $1,995,000

    MULTI_FAMILY - Oak Bluffs, MA

    Property size:
    1,431 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $1,394/SF
    Added:
    Apr 27, 2026
    Days on Market:
    6
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 33 Vineyard Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    12
    Bathrooms
    3
    Rooms
    Bedroom 9, Bedroom 2, Bedroom 12, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 10, Bathroom 3, Basement, Bedroom 6, Bathroom 1, Bedroom 11, Bedroom 4
    Parking features
    Driveway
    Patio and Porch features
    Porch, Deck, Patio
    Interior features
    Pantry
    Exterior features
    Underground Sprinkler System, Private Yard
    Fencing
    Fenced
    Basement
    Partial, Walk-Out Access
    Appliances
    Water Heater
    Standard status
    Active
    APN
    11-376-0
    Size
    1,431 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3495

    Utilities

    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Hardwood, Wood
    Building materials
    Shingle Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Allison J Cameron Parry

    Listing agent Allison J Cameron Parry

    Listing office Douglas Elliman of MA, LLC 20 Park Plaza, 820, Belmont, MA

    Listing date Apr 27, 2026

    MLS# 22601765 Listing URL

    Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Oak Bluffs Income Property

    Located at 33 Vineyard Avenue in Oak Bluffs on Martha's Vineyard, this renovated property includes a 2-bedroom, 2-bathroom main home and a separate 1-bedroom, 1-bathroom suite. The main home features a light-filled interior with wood floors and exposed beamwork. The open living area flows into a gourmet kitchen equipped with suede-finish stone counters, Bosch appliances, a dining bar, and a walk-in pantry. Upstairs, the two bedrooms include climate control, built-ins, and balcony access. A sunlit bathroom features a glass-and-stone shower and skylight. Outdoor spaces include a covered farmer's porch, a side porch, and a second-story deck. The secondary suite offers a private entrance, parking, and separate utilities, suitable for rental income or guest accommodations. It includes open living space, oak floors, a modern kitchen, and access to a deck and landscaped yard. The property is located close to downtown, the harbor, ferries, dining, shopping, and the arts district. The lot size is 0.12 acres, and the property size is 1431 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Garden Center Furniture & Home Goods Food Market Grocery & Convenience Store Electrical Service Car Rental Facility Computer & Electronic Repair Barber Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Bluffs
    County
    Dukes
    State
    Massachusetts
    Longitude
    -70.5781563
    Latitude
    41.455577

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    FAQs

    What type of property is this?
    Duplex - Move-in ready residence with flexible investment potential near downtown.
    Where is this duplex located?
    The property is located at 33 Vineyard Avenue Oak Bluffs, MA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Fully renovated 2BR/2BA main home plus separate 1BR/1BA suite with private entrance, parking, and utilities.; Gourmet kitchen with suede‑finish stone counters and Bosch appliances.; Desirable location close to downtown, harbor, ferries, dining, shopping, and the arts district in Oak Bluffs.
    (508) 397-1743
    We can help!
    Listing Contact
    Allison J Cameron Parry
    Learn More
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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
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    33 Vineyard Avenue, Oak Bluffs, MA 02557

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