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$465,000

38-40 Morse Ave, Ware MA 01082
Ware, MA 01082
Listed by Tracy LaRosa
Bedrooms
7
Bathrooms
4
Living area
3,384 sqft
Year built
1890

About this home

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.

Property details

MLS #
73543390
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
51
On market date
June 30, 2026
Stories
4
Garage spaces
3
Lot size
0.35 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Stanley M Koziol Elementary School
1.72 mi away · Grades -1-3
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
373
Student:teacher ratio
13.8:1
District
Ware
Middle
Ware Middle School
1.79 mi away · Grades 4-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
255
Student:teacher ratio
12.8:1
District
Ware
High
Ware Junior/Senior High School
1.83 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
496
Student:teacher ratio
12.4:1
District
Ware

Mortgage calculator

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Est. monthly payment
$2,950/mo
$93,000 down
$372,000 loan
Principal & interest$2,413
Property tax (est.)$388
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 4, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.