398 Main St Wareham — Photo 1 of 26
$549,900
Investment Analysis — 398 Main St
Wareham, MA 02571
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02571 carries an estimated $3,390/mo in gross rent — about a 4.82% cap rate and $26,491/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,324
Style
Single Family
Built
1860
This character-filled home offers a rare combination of historic charm and modern updates. The main level features a double parlor and formal dining room, creating elegant, flexible spaces perfect for entertaining or multi-use living. A newly renovated kitchen with brand-new appliances, while hardwood floors throughout most of the home bring warmth and timeless appeal. The floor plan includes two stairways leading to the second level, offering both convenience and architectural interest—ideal for larger households or anyone who appreciates classic New England design. This home provides generous space for sleeping quarters, offices, guest rooms, or creative use. The wrap-around enclosed front porch adds even more living area, perfect for morning coffee, reading, or enjoying the changing seasons. Outside, the property features a large yard with plenty of room for gardening, recreation, or future expansion. The oversized two-car garage includes a substantial workshop/storage area plus a full second level, offering endless possibilities for hobbies, studio space, or additional storage.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,324 sq ft principal dwelling). Lot size: 17,200 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave
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Property History
$549,900
Aug 14, 2026
MLS® 73563796
$485,000
Jun 30, 2025
MLS® 73353170
$485,000
Apr 1, 2025
MLS® 73353170
Listing Agent: Team Roso
Listing Office: RE/MAX Vantage
MLS® Number: 73563796