
38-40 Morse Ave Ware — Photo 1 of 35
$465,000
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.
* Analysis is based on 12 actively listed and recently sold comparable properties strictly within Ware, MA.
None • Range • Refrigerator • Washer • Dryer
Public Transportation • Shopping • Medical Facility • Laundromat • House of Worship • Public School
Jun 30, 2026
MLS® 73543390
Dec 15, 2010
MLS® 71096493
Jun 16, 2010
MLS® 71096493
10,392
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$69K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
27.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: Tracy Larosa
Listing Office: Daisy Hill Real Estate and Rentals
MLS® Number: 73543390
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