4 Cherry Street Wareham — Photo 1 of 42
$400,000
Investment Analysis — 4 Cherry Street
Wareham, MA 02571
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02571 carries an estimated $3,080/mo in gross rent — about a 6.20% cap rate and $24,803/yr in estimated NOI at the $400,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,272
Style
Single Family
Built
1946
Welcome home to this charming 3-bedroom, 1-bath Cape, offering a wonderful combination of comfort, convenience, and potential! Freshly painted and move-in ready, this home is a great opportunity for buyers looking to settle in now and make updates over time. Enjoy low-maintenance living with vinyl siding, AZEK composite decking, and newer windows installed less than five years ago. The oil heating system is approximately 15 years young, with propane servicing the range and hot water. With several important improvements already completed and plenty of opportunity to add your own style, this inviting home is ready for its next owner to move in and make it their own.
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: 636 sq ft (the lesser of 900 sq ft or half the 1,272 sq ft principal dwelling). Lot size: 7,492 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 MLS and other third-party data may be inaccurate or out of date.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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Interior Specifications
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Property & Lot
Amenities & Appliances
Water Heater • Range • Range Hood
Neighborhood
Shopping • Walk/Jog Trails • Golf • Medical Facility • Conservation Area • House of Worship
Geography
Listing Agent: Kathryn Kolka
Listing Office: Today Real Estate, Inc.
MLS® Number: 73572246