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38-40 Morse Ave, Ware MA 01082

$465,000

Estimated $1,110/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $116,250

Total Rent: 49080/year

Estimated CAP Rate:

7 Bedrooms

Baths

3384

Total Parking: 14 (3 Garage)

15,398 (0.35)

This four-family property features three 2-bedroom units and one 1-bedroom unit with a mudroom/three-season room, and all 4 units are currently occupied, providing immediate rental income. Three of the four units offer convenient washer and dryer hookups, adding appeal for tenants. Additional income potential comes from the large, fully rented garage, plus the third floor is currently rented for storage with the possibility of finishing the space for even greater revenue (buyer to perform due diligence). Situated on a dead-end street with sidewalks, off-street parking, and a large yard with perennial flowers and a stream, this property offers an attractive setting for tenants. A rare opportunity to own an income-producing property with multiple avenues for possible growth. The owner pays water/sewer, refuse removal, landscaping, snow removal, and common area electricity. Note: Additional rent is paid by tenants for the garage and 3rd-floor storage space beyond their monthly rent.

This home has been viewed 13 times

Last Checked: July 5th, 2026 at 4:58am (Source: MLS PIN #73543390)

Gross Income: $49,080

Gross Expenses: $9,201

Net Income Calc: $39,879

Annual Expenses for 38-40 Morse Ave, Ware MA 01082

Total Gross Expenses (Calculated)$9,201/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4277

Annual Income & Unit Breakdown for 38-40 Morse Ave, Ware MA 01082

Total Gross Income (Calculated)$49,080

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 38-40 Morse Ave, Ware MA 01082

Listing ID73543390

Property TypeMulti Family / 4 Family

Price465000 ($137.41/SqFt)

Style4 Family

CityWare

CountyHampshire

Neighborhood(s)

Approximate Living Area Total3384

Approximate Lot Size (Acres)0.35

Total Parking14 (3 Garage)

Garage Parking3

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningSR

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 38-40 Morse Ave, Ware MA 01082

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsDehumidifier

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 38-40 Morse Ave, Ware MA 01082

Real Estate Taxes4277

Tax Year2025

Assessed Value$284,000

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 38-40 Morse Ave, Ware MA 01082

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 38-40 Morse Ave, Ware MA 01082

Agent

Name: Tracy LaRosa

Office

Name: Daisy Hill Real Estate and Rentals

Phone: 774-364-0856

Payment Calculator

, Interest

Property Taxes 356.42

Principal & Interest 2865.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Daisy Hill Real Estate and Rentals

Tracy LaRosa

Agent Phone

Office Phone

(774) 364-0856

Text Agent Call Agent Call Office

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EXIT

32 More Photos

Active

38-40 Morse Ave, Ware MA 01082

$465,000

Annual Expenses for 38-40 Morse Ave, Ware MA 01082

Annual Income & Unit Breakdown for 38-40 Morse Ave, Ware MA 01082

General Information for 38-40 Morse Ave, Ware MA 01082

Disclosures for 38-40 Morse Ave, Ware MA 01082

Financial Information for 38-40 Morse Ave, Ware MA 01082

Location Information for 38-40 Morse Ave, Ware MA 01082

Contact Information for 38-40 Morse Ave, Ware MA 01082

Agent

Office

Payment Calculator

Exclusive Listing Agent

Daisy Hill Real Estate and Rentals

Tracy LaRosa