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Mixed-Use Property with Apartments
New
For Sale
$4,100,000

148 Katama Road, Edgartown, MA 02539

Multi-Family, Edgartown, MA

Property Size3,654 SF
Lot Size0.44 Acres
Price / SF$1,122
Days on Market6

Property Features for 148 Katama Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R20
Bedrooms 5
Bathrooms 3
Full bathrooms 2
Half bathrooms 2
Rooms Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking 25
Parking features Assigned, Off Street, Driveway
Patio and Porch features Deck
Exterior features Underground Sprinkler System, Handicap Access
Accessibility Accessible Approach with Ramp
Appliances Water Heater, Electric Range, Dishwasher, Microwave, Refrigerator, Washer
Lot features Cleared, Easements, Level
Elementary school district Martha's Vineyard
Middle school district Martha's Vineyard
High school district Martha's Vineyard
Directions From Edgartown center; toward South Beach/Katama on the right.
Subdivision Edgartown
Standard status Active
APN EDGA M:0029 B:0029 L:0002
Size 3,654 SF
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7430

Utilities

Heating system Oil, Solar (Heating)
Water source Public

Amenities

walk-up deck
in-unit laundry

Building Details

Year built 1976
Floors in Building 2
Number of units 3
Flooring type Wood, Vinyl
Building materials Wood Siding, Shingle Siding
Roof type Asphalt
Listing Agency: Lamacchia Realty, Inc.
Listed By: Chelsea S Brennan
Added: Sep 10 Changed: Sep 12 Last Checked: Sep 15 at 11:06AM
MLS# 22604551

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.

Investment Insights

Based on property information with market context.

This 3,654-square-foot mixed-use property combines two residential apartments with commercial space on the first floor. The second level includes a 2BR apartment and a 3BR apartment, each with a walk-up deck, in-unit laundry, and dedicated parking. Both residences are occupied month-to-month under self-extending leases. The first floor contains approximately 1,253 square feet of office space along with 1,148 square feet of garage and storage area, currently vacant. Building improvements since 2017 include solar, electrical, roof, windows, integrated fire and security systems, mechanical and irrigation systems, and apartment renovations.

The 0.44-acre property provides 25 designated parking spaces and a loading dock. It is located at 148 Katama Road in Edgartown, between downtown Edgartown and South Beach. The property has a history of permitted commercial use, and a 2016 special permit authorized a small-scale business in a residential neighborhood. Continued commercial use requires approval from the Town of Edgartown.

Key Highlights

  • 3,654‑square‑foot mixed‑use property with two residential apartments and first‑floor commercial space
  • 2BR and 3BR apartments, each with a walk‑up deck, in‑unit laundry, and dedicated parking
  • Approximately 1,253 square feet of office space plus 1,148 square feet of garage and storage

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Locksmith Auto Repair Shop Storage Facility Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 02539, MA

5,168
Population
5,157
Households
1
Avg Household Size
48
Median Age
45%
College-Educated
95%
High-School Grad
26.8 sq mi
ZIP Area
193
Density / Sq Mi
$89,710
Median Household Income
$48,237
Median Earnings
$1,717
Median Rent
$1,171,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two residential apartments sit above vacant office, garage, and storage space with dedicated parking and a loading dock.
Where is this mixed-use property located?
The property is located at 148 Katama Road Edgartown, MA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 3,654‑square‑foot mixed‑use property with two residential apartments and first‑floor commercial space; 2BR and 3BR apartments, each with a walk‑up deck, in‑unit laundry, and dedicated parking; Approximately 1,253 square feet of office space plus 1,148 square feet of garage and storage
More about this property
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