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38-40 Morse Ave, Ware MA 01082

Ware, MA 01082
$465,000
Est. $2,908/month
7
Beds
4
Baths
3,384
Sq Ft
$137
Price/Sq Ft
0.35
Acres
1890
Year Built
3
Garage Spaces
10
Days on Market
Active Listed Jun 30, 2026 • MLS# 73543390 Copied! • Updated Jul 4, 2026

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

Property Timeline

🏠
Listed for Sale
Jun 30, 2026
$465,000
Original listing
Agent: Tracy LaRosa Office: Daisy Hill Real Estate and Rentals

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
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%
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
Construction Frame
Architecture None
Roof Shingle
Features Varies Per Unit
Pool None
Spa None
Fencing None
Patio/Porch Porch
Garage Spaces 3
Has Garage Yes
Features Paved Drive, Shared Driveway, Off Street, Common, Paved
Total Spaces 11
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
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
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.
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) 4 days

Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
7
Full Bathrooms
4
Living Area
3,384 sq ft
Total Rooms
16
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
School District
Ware School District local
D
School Safety 2024-25
5.6% Above Average
2.9% Suspensions 4.8% In-School 2.7% Emergency
0.1% above state avg
E

Elementary Schools

3 schools
B-
Stanley M Koziol Elementary School
1.7 mi | #475 of 824 | Score: 45.4
Improved 108 spots from last year
-12.8 below state avg
396 students Moderate
Rising School
Grades PK-03
St. Thomas Aquinas School
3.2 mi
Grades K-12
Quaboag Integrated Preschool
3.4 mi
53 students Moderate
Grades PK
M

Middle Schools

2 schools
C-
Ware Middle School
1.8 mi | #742 of 824 | Score: 33.1
Dropped 79 spots from last year
-25.1 below state avg
261 students Moderate
Grades 04-06
D
Quaboag Regional Middle Innovation School
3.4 mi | #337 of 352 | Score: 26.9
Dropped 50 spots from last year
-31.3 below state avg
196 students Moderate
Grades 07-08
H

High Schools

2 schools
C
Ware Junior/Senior High School
1.8 mi | #259 of 346 | Score: 45.6
Improved 15 spots from last year
-12.6 below state avg
425 students Moderate
College Ready Curriculum
Grades 07-12
C
Quaboag Regional High School
3.4 mi | #269 of 346 | Score: 44.5
Dropped 143 spots from last year
-13.7 below state avg
334 students Less Diverse
13 sports • 714 athletes
Strong AP Program Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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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

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Current Rate
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Payment Over Time

Interest
Principal
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 Jul 4, 2026 3:05 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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