116 Franklin Ter Tisbury — Photo 1 of 38
$1,350,000
Investment Analysis — 116 Franklin Ter
Tisbury, MA 02568
Based on HUD Small Area Fair Market Rent for Taunton-Mansfield-Norton, MA HUD Metro FMR Area, a 4-bedroom in 02568 carries an estimated $2,970/mo in gross rent — about a 1.49% cap rate and $20,165/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
1,714
Style
Single Family
Built
1971
Nestled on a quiet street just moments from the heart of Vineyard Haven, this well-maintained 4 BR, 3 BA home offers a winning blend of comfort, privacy, and classic island appeal. The sun-filled main level features an open-concept living area flowing seamlessly into a bright, updated kitchen with center island, ideal for everyday living and casual entertaining. Two 1st floor bedrooms and a full bath provide excellent flexibility for guests, home office space, or convenient one-level living, while upstairs offers two spacious en-suite bedrooms designed for privacy and relaxation. Outdoor living shines with a deck overlooking the yard, plus a lower-level bonus with laundry, storage, and workshop potential. Peacefully set yet close to it all, enjoy easy access to public beaches, Tisbury School, and just 0.5 miles to Main Street Vineyard Haven with shops, dining, and ferry access. Perfect as a year-round residence, second home, or investment opportunity—this property checks all the boxes!
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: 857 sq ft (the lesser of 900 sq ft or half the 1,714 sq ft principal dwelling). Lot size: 12,975 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
Electric Water Heater • Range • Dishwasher • Microwave
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.11 x 12.11
Dining Room
Lvl First6.5 x 12.11
Kitchen
Lvl First9.1 x 13.5
Master Bedroom
Lvl Second14.1 x 23.3
Bedroom 2
Lvl Second12.11 x 23.3
Bedroom 3
Lvl First13.2 x 13.5
Bedroom 4
Lvl First12.11 x 12.11
Bathroom 1
Lvl Second3.11 x 10
Bathroom 2
Lvl Second3.11 x 10
Bathroom 3
Lvl First5.5 x 9.7
Listing Agent: Pricila Ray
Listing Office: Keller Williams Realty
MLS® Number: 73464793
