163 Orange Street • $3,200,000 Active Under Contract

South of Town, Nantucket, MA 02554

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Unique opportunity to own this versatile multifamily/commercial property ideally suited for a variety of residential and business uses. The property features three separate residential units plus a partially finished basement with a full bath, currently serving as an office. Centrally located close to the center of town, it offers exceptional flexibility for rental income, employee housing, or short-term rentals. The first floor includes 1 studio apartment and 1 one-bedroom apartment, each with its own kitchen and full bathroom. The second and third floors comprise a stylish two-bedroom apartment with private baths, a powder room, and expansive water views over Land Bank property stretching to Monomoy Creeks and Nantucket Harbor. Recent improvements include a new garage, a remodeled studio, decor updates to the main apartment including updated baths and wall treatments. Zoning allows for commercial or residential use, conversion to a single-family home, or potential separation into condominiums, making this a rare investment opportunity.

Floor 1: The first floor consists of a freshly redone studio apartment as well as a one bedroom apartment on the opposite side. Both equipped with full kitchens and full bathrooms.

Floor 2: The second floor apartment has been redecorated with newly updated bathroom, grasscloth wallpaper, and fresh paint throughout. Stack washer and dryer. Powder room. The main room consists of the modern kitchen, dining area and living room, which opens to a 2nd floor deck with more water views.

Floor 3: The second floor apartment includes a 3rd level that has a large bedroom and recently updated bathroom with new tile and vanity.

Basement: Basement office space is finished with kitchenette and full bathroom. The other half of the basement is ideal for storage.

Parking: 6

Listed by William Raveis Nantucket

163 Orange Street Location
Property Code: #92919
Bedrooms:
4 beds
Bathrooms:
5 and 1 half
Lot:
6,098 sq ft
Year Built:
1995
Heating Type:
Electric
Listed:
12 ago
Assessed Value:
$2,240,900

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Property Information for 163 Orange Street
Property Summary

Type: Multi Family

Rooms: 12

Year Built: 1995

Remodeled: 2024

Water View:

Other View: Hbr, Hrb

Zoning: CMI

Lot Size(SF): 2643

Furnished: Unfurnished

2nd Dwelling: None

Water: Town

Sewer: Twn

Lot Size(A): 0.14

Beds/Baths: 4/5

Wtr Frontage:

Total SqFt(GLA): 6098

Amenities

First Floor Bedrooms: 2

Heating: Electric

Fireplaces: 0

Floors: 3

Yard: Yes

Parking: 6

Foundation: Full Basement, Partially finished office with bathroom/ storage space

Lead Paint:

Recreation and Outdoor Spaces: Porch, Deck

Amenities:

Taxes and Fees

Building Assessment: 1270400

Land Assessment: 970500

Total Assessment: 2240900

Tax Year: 2026

Property History for 163 Orange Street
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