17 Mills Terrace Nahant — Photo 1 of 9
$835,000
Investment Analysis — 17 Mills Terrace
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 2.59% cap rate and $21,588/yr in estimated NOI at the $835,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,382
Style
Single Family
Built
1955
FABULOUS OPPORTUNITY to renovate/expand existing home or build the home of your dreams! Exceptionally well sited 11,624sq' fully conforming buildable lot sits high above flood plain, yet only a few steps to Short Beach. Unobstructed ocean views from the front, Boston Harbor and skyline views from the back. Existing structure needs some cosmetic updating, but all systems are functional. This beautiful lot of land is begging for a creative owner to realize its full potential. Heating and electric have been updated. With no vacant buildable lots available in the smallest town in MA, this is a cost effective opportunity to have a habitable home w/valuable views while you design and build your dream home on this exclusive site. No flood insurance is required, a fully conforming buildable lot, magnificent ocean views from the front, and Boston skyline views from the back.
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: 691 sq ft (the lesser of 900 sq ft or half the 1,382 sq ft principal dwelling). Lot size: 11,624 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
Range • Refrigerator
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood
Dining Room
Lvl Main,FirstFlooring - Hardwood
Kitchen
Lvl Main,FirstDining Area, Open Floorplan
Family Room
Lvl SecondFlooring - Hardwood
Primary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - 3/4
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub
Property History
$835,000
Jun 30, 2026
MLS® 73543338
$835,000
Jun 30, 2026
MLS® 73543379
Listing Agent: Lisa Scourtas
Listing Office: RE/MAX 360
MLS® Number: 73543338
