Investment Analysis — 12 Colby Way

Nahant, MA 01908

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01908 carries an estimated $3,110/mo in gross rent — about a 3.21% cap rate and $23,096/yr in estimated NOI at the $719,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,068

Style

Single Family

Built

1926

This charming Nantucket style three-bedroom home is set in a picturesque coastal community just minutes from beautiful beaches. Thoughtful updates, abundant natural light and distinctive architectural details create a warm and inviting setting throughout. The living room features hardwood floors, freshy painted walls, an elegant tray ceiling and a sunny bay window that overlooks the quaint neighborhood. Step into the chef's kitchen that offers an excellent layout with white marble countertops, ceramic subway tile backsplash, a hooded stainless-steel range and tall glass front cabinetry. Surrounded by windows, the dining area opens to a composite deck and separate patio providing an ideal setting for outdoor dining and entertaining. A stylish half bath and convenient laundry area complete the main level. Upstairs, the primary bedroom includes a double closet, ceiling fan and plantation shutters. Two additional bedrooms provide comfortable accommodations, with one easily suited for a home office. Ceiling fans, mini splits and some water-views add to the home's appeal. The beautifully appointed main bath showcases an oversized glass walk-in shower with grey subway tile, penny tile radiant heat floors, a chic vanity and a glass vessel sink. A medicine cabinet and linen storage adds convenience. Artistic lighting, interior window shutters & hardwood floors further enhance the homes character. Outside a fenced-in backyard, patio, established plantings and overflowing flower boxes create a wonderful setting for relaxing or entertaining at this seaside location. Additional highlights include 2 car parking, a new roof, new water heater, a full size washer and dryer along with freshly painted interior. The basement provides ample storage and includes a vapor barrier. Walk to beaches, parks, jogging and biking trails along with golfing, tennis and boating. Easy access to Boston, Logan Airport, public transportation and the ferry to Boston.

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: 534 sq ft (the lesser of 900 sq ft or half the 1,068 sq ft principal dwelling). Lot size: 2,570 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.

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