
159 Lake Street Tisbury — Photo 1 of 31
Recent Drop: $205,000
$2,195,000
Investment Analysis — 159 Lake Street
Tisbury, MA 02568 — Vineyard Haven
Based on HUD Small Area Fair Market Rent for Taunton-Mansfield-Norton, MA HUD Metro FMR Area, a 5-bedroom in 02568 carries an estimated $2,970/mo in gross rent — about a 0.62% cap rate and $13,693/yr in estimated NOI at the $2,195,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
3,328
Style
Single Family
Built
1999
Tucked back from scenic Lake Street, this distinctive home offers privacy and charm on a landscaped 0.7 acre lot with mature trees and a classic stone wall. Inside, rich wood detailing, exposed beams, and high ceilings create a warm, inviting feel. The four-level design provides flexibility and character. The main level features a spacious kitchen with a center island open to the dining area, and a sunken living room with floor-to-ceiling windows overlooking the trees. A large screened porch extends the living space outdoors. Two bedrooms, a full bath, and laundry complete this floor. Upstairs, a dramatic hallway leads to a generous primary suite with a spacious bath and additional laundry. The third level offers a private guest suite with living area and bath. The finished lower level includes added living space, bath, and walkout. Convenient to the public boat landing on Lake Tashmoo, the Lake Street tennis and pickleball courts and just a short distance to Downtown Vineyard Haven.
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: 900 sq ft (the lesser of 900 sq ft or half the 3,328 sq ft principal dwelling). Lot size: 30,928 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
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Tennis Court(s) • Walk/Jog Trails • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstBeamed Ceilings
Dining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl ThirdBedroom 3
Lvl FirstBedroom 4
Lvl FirstBedroom 5
Lvl BasementBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl ThirdProperty History
$2,195,000
Was $2,400,000
Aug 18, 2026
MLS® 73511187
$2,400,000
May 1, 2026
MLS® 73511187
Listing Agent: Alyssa Halisky
Listing Office: Provided by MLS PIN
MLS® Number: 73511187
