4 Family at 38-40 Morse Ave, Ware
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35 photos

$465,000

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

Highlights

Property type
4 Family
Lot size
0.35 acres
Garage
3 spaces
On market
127 days

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
MLS Property Information Network
MLS #
73543390
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
127
On market date
June 30, 2026
Stories
4
Total bathrooms
4
Garage spaces
3
Parking spaces
11
Lot size
0.35 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

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

Walkability

Blended score for Ware's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

43
Somewhat walkable
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Google Places amenity density
60 / 100
Restaurants & cafes6
Grocery stores1
Parks5
Schools2
Transit stops4
Pharmacies1

Market position

How this listing compares to current activity in Ware, from live MLS data.

On the market 127 days -- 103 fewer days than Ware's current average of 230 days.
For reference, the median list price across 98 active listings in Ware right now is $278,200.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Adjust tax / insurance estimates
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. 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.