Furnished Short-Term Rental
For Sale
$724,900
13 5TH Street, Wareham, MA 02571
Fully furnished lodging property with established booking operations and room for larger guest groups.
Property Size1,459 SF
Price / SF$496.85
Days on Market135
Property Features for 13 5TH Street
General Information
Standard status
Active
Size
1,459 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Furnished
Yes
Business Included
Yes
Highway Access
Yes
Multifamily Units
1
Building Details
Year Built
1930
Listing Agency:
Keller Williams Elite
(508) 695-4545
Listed By:
William Thompson
Source:
Beachrealtycapecod
Added: Apr 19
Changed: Aug 29
Last Checked: Aug 30 at 6:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elite
Investment Insights
Based on property information with market context.
This 1,459-square-foot furnished short-term rental home in Onset Village offers seven bedrooms and two bathrooms, with accommodations for up to 14 guests. Built in 1930, the property has an established booking pipeline and operating systems for guest communication, cleaning, maintenance, and local oversight. Existing furnishings and management infrastructure support continued use as a lodging asset.
The home is within walking distance of two beaches, shops, restaurants, a marina, and a bandshell. Water Wizz, the Cape Cod Canal, and Route 6 are also accessible from the property. Located at 13 5TH Street in Wareham, the home combines a residential layout with an operating short-term rental setup in a coastal village setting.
The home is within walking distance of two beaches, shops, restaurants, a marina, and a bandshell. Water Wizz, the Cape Cod Canal, and Route 6 are also accessible from the property. Located at 13 5TH Street in Wareham, the home combines a residential layout with an operating short-term rental setup in a coastal village setting.
Key Highlights
- Seven‑bedroom, two‑bathroom furnished short‑term rental
- Sleeps up to 14 guests
- 1,459 square feet on a property built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,500
$454.5K
Cap Rate 7%
$324,643
$324.6K
Cap Rate 9%
$252,500
$252.5K
Market Conditions
NOI Build-Up for 1,459 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.8K $30.00/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$41.3K $28.32/SF
− OpEx
−$18.6K −$12.74/SF
NOI
$22.7K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,500
Cap Rate 7%
$324,643
Cap Rate 9%
$252,500
Alternative Uses
Best Use
Apartment 5plus
$324.6K
$284.1K – $378.8K
NOI $22,725 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.7K
$755.8K – $1.01M
NOI $60,461 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 02571, MA
10,858
Population
6,205
Households
1.7
Avg Household Size
51
Median Age
32%
College-Educated
90%
High-School Grad
18.7 sq mi
ZIP Area
581
Density / Sq Mi
$87,302
Median Household Income
$56,282
Median Earnings
$1,427
Median Rent
$422,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished lodging property with established booking operations and room for larger guest groups.
Where is this short term rental property located?
The property is located at 13 5TH Street Wareham, MA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Seven‑bedroom, two‑bathroom furnished short‑term rental; Sleeps up to 14 guests; 1,459 square feet on a property built in 1930
