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Two Homes on Cranberry Highway

2230-2232 Cranberry Highway, Wareham, MA 02576

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For Sale

$815,000

Two homes, live in one, rent the other.

Type:Multi-family

Property size:

3,117 SF

Price / SF:

$261/SF

HighLights

Two separate homes on one property – live in one and rent the other for income.
Major updates completed in 2230 Cranberry Hwy: new roof, new Bosch Duel Fuel Heat Pump, and new hot water heater.
2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental.
Both properties have had septic systems replaced 4 years ago.
Convenient location close to shopping, restaurants, and the highway.
2230 Cranberry Hwy features hardwood floors and a first‑floor bedroom.

We can help!

Listing Contact

Kathie Palm

Learn more

For Sale

$815,000

Two homes, live in one, rent the other.

Type:Multi-family

Property size:

3,117 SF

Price / SF:

$261/SF

Added:: Apr 16, 2026
Days on Market:: 54
Last Refresh:: Apr 22 at 7:10 am

Property Features for 2230-2232 Cranberry Highway

General Information

Standard status: Active
Size: 3,117 SF
Property subtype: Multi-family

Building Details

Year Built: 1890

We can help!

Listing Contact

Kathie Palm

Listing agent Kathie Palm

Listing office eXp Realty

Listing date Apr 16, 2026

Source Parksquarerealty

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 eXp Realty

HighLights

Two separate homes on one property – live in one and rent the other for income.
Major updates completed in 2230 Cranberry Hwy: new roof, new Bosch Duel Fuel Heat Pump, and new hot water heater.
2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental.
Both properties have had septic systems replaced 4 years ago.
Convenient location close to shopping, restaurants, and the highway.
2230 Cranberry Hwy features hardwood floors and a first‑floor bedroom.

Overview

Two separate homes are available for purchase together. One property, located at 2230 Cranberry Hwy, features 4 to 5 bedrooms and hardwood floors. Several major updates have been completed, including a new Bosch Duel Fuel Heat Pump, a new roof, a new hot water heater, new kitchen flooring, and a new stove. A convenient first-floor bedroom is included. The second property, located at 2232 Cranberry Hwy, is currently rented but will be vacant at closing. This home includes 4 bedrooms, with the kitchen and bath located on the second floor. It features a new stove, newer central furnace, and mini-splits. Both septic systems were replaced 4 years ago. The properties are situated close to shopping, restaurants, and the highway. The total property size is 3117 square feet. Purchasing both properties offers the opportunity to live in one and rent out the other for income.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.5k	$30.00
− Vacancy	−$5.2k	−$1.68
EGI	$88.3k	$28.32
− OpEx	−$39.7k	−$12.74
NOI	$48.6k	$15.58

3,117 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$693.6K

$606.9K – $809.2K (±1% cap)

NOI $48,550 @ 7.0% cap · market cap 5.96%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.85M

$1.61M – $2.15M (±1% cap)

NOI $129,168 @ 7.0% cap · market cap 15.85%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Wareham
County: Plymouth
State: Massachusetts
Longitude: -70.766857
Latitude: 41.8002296

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For sale
Multifamily properties
MA
Wareham
02576
2230-2232 Cranberry Highway

What type of property is this?

Multifamily property - Two homes, live in one, rent the other.

Where is this multifamily property located?

The property is located at 2230-2232 Cranberry Highway Wareham, MA.

What is the asking price?

The asking price for this property is $815,000.

What are key features of this property?

This property features: Two separate homes on one property – live in one and rent the other for income.; Major updates completed in 2230 Cranberry Hwy: new roof, new Bosch Duel Fuel Heat Pump, and new hot water heater.; 2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental.