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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.

More Info

Basic Information

  • Gross Income $51,600
  • Listing Terms Contract
  • Lot Features Cleared, Gentle Sloping
  • Mls StatusNew
  • Parcel Number M:00058 B:00000 L:00019
  • Rent Includes Unit 1(Water, Other (See Remarks)), Unit 2(Water, Other (See Remarks)), Unit 3(Water, Other (See Remarks)), Unit 4(Water, Other (See Remarks))
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $284,000
  • Tax Year 2025
  • Taxes$4,277

Parking

  • Covered Spaces 3
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Shared Driveway, Off Street, Common, Paved
  • Parking Spaces11

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms7
  • Full Bath4

Basic Information

  • List Price$465,000
  • MLS Number73543390
  • Modification Date07/01/2026
  • Property SubType4 Family

Location

  • Address38-40 Morse Avenue
  • Building Number38-40
  • CountyHampshire
  • StateMA
  • StreetMorse Avenue
  • TownWare
  • Zip01082

Building

  • BasementFull, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone, Brick/Mortar, Irregular
  • Garage Spaces3
  • Levels 4
  • Patio And Porch Features Porch
  • Rooms16
  • Stories4
  • Units4
  • Utilities Varies Per Unit
  • Year Built1890
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.35

Interior

  • Flooring Varies
  • Interior Features
    • Bathroom With Tub & Shower
    • Ceiling Fan(s)
    • Internet Available - Unknown
    • Kitchen
    • Living RM/Dining RM Combo
    • Living Room
    • Mudroom

Exterior

  • Exterior Features Varies per Unit
  • RoofShingle

Utilities

  • Electric Circuit Breakers, Common, Individually Metered
  • Electric Expense 384
  • Heat SystemYes
  • Heating Oil, Electric
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,384
  • Lot Size Square Feet 15,398
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet3,384

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
  • Appliances IncludedRange, Refrigerator, Washer, Dryer
  • Other AmenitiesBasement

Legal

  • ZoningSR

Other

  • Date Listed06/30/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Tracy LaRosa of Daisy Hill Real Estate and Rentals

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