38-40 Morse Ave, Ware MA 01082
Ware, MA 01082
$465,000
Est. $2,908/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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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.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Sep 4, 2026
Active → Active Under Contract
Pending Sale
Sep 4, 2026
Offer accepted, sale pending
Listed for Sale
Jun 30, 2026
$465,000
Original listing
Agent: Tracy LaRosa
Office: Daisy Hill Real Estate and Rentals
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/04/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 09/04/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/30/2026 | 🏠 Listed for Sale | $465,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,277 | $284,000 |
Financial Details
Annual Property Tax
$4,277
Tax Year 2025
Assessed Value
$284,000
Facts & Features
3 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1890
Living Area
3,384 sq ft
Lot Size
0.35 acres
Stories
4
Bedrooms
7
Full Baths
4
Total Rooms
16
Investment Metrics
Units
4
Unit 1 Rent
$990/mo · Y
Unit 2 Rent
$1,050/mo · N
Unit 3 Rent
$950/mo · Y
Unit 4 Rent
$1,100/mo · Y
Total Monthly Rent
$4,090/mo
Gross Income
$51,600
Net Operating Income
$44,156
Operating Expenses
$4,924
Water/Sewer Expense
$2,560
Electric Expense
$384
Cap Rate
9.50%
Interior
Heating
Oil, Electric
Cooling
None
Flooring
Varies
Appliances
None, Range, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Full, Interior Entry, Unfinished
Laundry
Washer Hookup, Dryer Hookup
Features
Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Kitchen, Living Rm/dining Rm Combo, Mudroom, Living Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Varies Per Unit
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
3
Has Garage
Yes
Features
Paved Drive, Shared Driveway, Off Street, Common, Paved
Total Spaces
11
Utilities
Electric
Circuit Breakers, Common, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
Varies Per Unit
Financial
Annual Tax
$4,277
Assessed Value
$284,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Info. From Owners & Public Records, Buyer And/or Buyer Agent To Verify & Perform Due Diligence. Min. 48 Hours Requested For Showings & All Showings Are Accompanied- Pets On Premises In All 4 Units, Do Not Go Outside! House & Garage Roof Replaced In 2017 Per Owner. Some Photos From Before Occupancy.
Exclusions
Some Appliances In Some Units Belong To Tenants.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Sq Ft Disclosures
Buyer, Buyer agent to Verify square footage, information taken from public record.
Documents
None
County
Hampshire
Total market time (incl. prior listings)
80 days
Property Overview
Property Type
4 Family
Listing Type
Sale Pending
Year Built
1890
Bedrooms
7
Full Bathrooms
4
Living Area
3,384 sq ft
Total Rooms
16
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,384 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Varies
Appliances:
None, Range, Refrigerator, Washer, Dryer
Interior Features:
Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo, Mudroom, Living Room
Windows:
Basement:
Full, Interior Entry, Unfinished
Laundry:
Washer Hookup, Dryer Hookup
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar, Irregular
Stories:
4
Heating, Cooling & Utilities
Heating:
Oil, Electric
Cooling:
Hot Water:
Oil, Electric, Tankless
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Varies per Unit
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Cleared, Gentle Sloping
Road Surface:
Paved
Parking & Garage
Garage Spaces:
3
Total Parking Spaces:
11
Parking Features:
Paved Drive, Shared Driveway, Off Street, Common, Paved
Nearby Schools
School District
Ware School District local
C-
School Safety
2024-25
5.6%
Above Average
2.9%
Suspensions
4.8%
In-School
2.7%
Emergency
0.1% above state avg
Elementary Schools
1 school
B-
Stanley M Koziol Elementary School
1.7 mi
|
#475 of 825
|
Score: 45.4
Improved 108 spots from last year
-12.8 below state avg
395 students
Moderate
Rising School
Grades PK-03
Middle Schools
1 school
C-
Ware Middle School
1.8 mi
|
#740 of 825
|
Score: 33.2
Dropped 77 spots from last year
-25.1 below state avg
252 students
Moderate
Grades 04-06
High Schools
1 school
C
Ware Junior/Senior High School
1.8 mi
|
#252 of 346
|
Score: 47.1
Improved 22 spots from last year
-11.1 below state avg
419 students
Moderate
Strong AP Program
Rising School
College Ready Curriculum
Grades 07-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$356
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
38-40 Morse Ave, Ware MA 01082
Ware, MA 01082
Listing Information
Listing Agent
Tracy LaRosa
Listing Office
Daisy Hill Real Estate and Rentals
Office Phone
774-364-0856
Agent MLS ID
CN237383
Office MLS ID
AN4961
Listing Data Updated
Sep 23, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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