Redevelopment Multifamily
147 Onset Ave Wareham, MA 02558
147 Onset Ave, Wareham, MA, 02558
$895,000
For Sale
$895,000
Two parcels include three existing structures requiring substantial rehabilitation, with municipal water, sewer, and natural gas available.
Property Size5,029 SF
Price / SF$177.97
Days on Market37
Property Features for 147 Onset Ave
General Information
- Standard status
- Active
- Size
- 5,029 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1900
Listing agency
Century 21 North East
(508) 942-4394
Listed by
Brennan Team
(508) 942-4394
Source
Lockandkeyre
Added: Jun 15 Updated: Jul 20 at 7:39PM Checked: Jul 21 at 3:18AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This offering includes both 145 and 147 Onset Avenue, comprising two parcels with three existing structures. The current improvements require substantial rehabilitation and are being sold as-is, where-is, with no warranties or representations by the seller. The property presents redevelopment-oriented opportunities, subject to all required local, state, and federal approvals.
Municipal water, sewer, and natural gas are available. The property is located within walking distance to Onset Beach and nearby downtown shops, restaurants, marinas, and area amenities.
The buyer is responsible for conducting all due diligence, including zoning, permitting, utilities, and any environmental considerations, as well as evaluating intended future use. The transaction is for sale and is not described as being eligible for traditional financing, cash, hard money, or other non-conventional financing only.
Municipal water, sewer, and natural gas are available. The property is located within walking distance to Onset Beach and nearby downtown shops, restaurants, marinas, and area amenities.
The buyer is responsible for conducting all due diligence, including zoning, permitting, utilities, and any environmental considerations, as well as evaluating intended future use. The transaction is for sale and is not described as being eligible for traditional financing, cash, hard money, or other non-conventional financing only.
Key Highlights
- Two parcels sold together: 145 & 147 Onset Avenue
- Includes three existing structures built in 1900 requiring substantial rehabilitation
- Municipal water and sewer available, plus natural gas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $30.00 |
| − Vacancy | −$8.4k | −$1.68 |
| EGI | $142.4k | $28.32 |
| − OpEx | −$64.1k | −$12.74 |
| NOI | $78.3k | $15.58 |
5,029 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $84,992 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$1.12M
$979.2K – $1.31M
NOI $78,332 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,400 @ 7.0% cap · market cap 23.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two parcels include three existing structures requiring substantial rehabilitation, with municipal water, sewer, and natural gas available.
Where is this triplex located?
The property is located at 147 Onset Ave Wareham, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two parcels sold together: 145 & 147 Onset Avenue; Includes three existing structures built in 1900 requiring substantial rehabilitation; Municipal water and sewer available, plus natural gas
