Active Under Contract
71 Days on market
38-40 Morse Ave Ware — Photo 1 of 35

38-40 Morse Ave Ware — Photo 1 of 35

$465,000

38-40 Morse Ave, Ware, MA 01082

Ware, MA 01082

Beds

7

Baths

4

SqFt

3,384

Style

4 Family

Built

1890

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$137/sqft
Local Avg (Ware)$155/sqft
12% BelowMarket Average

* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Ware, MA.

Property Details

Financials

Original Price$465,000
Annual Taxes$4,277

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms16
FireplacesNone
FlooringVaries
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingOil, Electric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar, Irregular
ZoningSR

Property & Lot

Acres0.35
SqFt Lot15,398
Lot FeaturesCleared, Gentle Sloping

Amenities & Appliances

None • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • House of Worship • Public School

Geography

Property History

Listed
$465,000

Jun 30, 2026

MLS® 73543390

Expired
$145,000

Dec 15, 2010

MLS® 71096493

Listed
$145,000

Jun 16, 2010

MLS® 71096493

Population

10,392

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$69K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

27.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampshire County

384 housing units permitted in the last 12 months (+45% vs the prior 12 months) — 272 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Tracy Larosa

Listing Office: Daisy Hill Real Estate and Rentals

MLS® Number: 73543390

Browse More Homes in Ware

Explore other active listings in the area.