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Two Homes on Cranberry Highway

2230-2232 Cranberry Hwy, Wareham, MA 02576

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For Sale

$815,000

Two separate homes, live in one and rent the other.

Type:Multi Family Home

Property size:

3,117 SF

Price / SF:

$261/SF

Listing Contact

Kathie Palm

Real Estate License ID: 455000786

HighLights

Two separate homes on one property, offering flexibility for living and rental income
Significant recent upgrades including new roof, Bosch Duel Fuel Heat Pump, hot water heater, kitchen flooring & stove in 2230 Cranberry Hwy
2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental
Both properties have replaced septic systems (4 years ago)
Convenient location close to shopping, restaurants, and the highway
2230 Cranberry Hwy features hardwood floors and a first‑floor bedroom

Learn more

For Sale

$815,000

Two separate homes, live in one and rent the other.

Type:Multi Family Home

Property size:

3,117 SF

Price / SF:

$261/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 7:41 am

Property Features for 2230-2232 Cranberry Hwy

General Information

Standard status: Active
Size: 3,117 SF
Property subtype: Multi Family Home

Building Details

Year Built: 1890

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Listing Contact

Kathie Palm

Listing agent Kathie Palm License #455000786

Listing office eXp Realty

Listing date Apr 23, 2026

Source Alliancepartnersre

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, offering flexibility for living and rental income
Significant recent upgrades including new roof, Bosch Duel Fuel Heat Pump, hot water heater, kitchen flooring & stove in 2230 Cranberry Hwy
2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental
Both properties have replaced septic systems (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 updates have been completed, including a new Bosch Duel Fuel Heat Pump, new roof, new hot water heater, new kitchen flooring, and a new stove. A bedroom is conveniently located on the first floor. The second property, located at 2232 Cranberry Hwy, is currently rented but will be vacant at closing. It contains 4 bedrooms, with the kitchen and bath located on the second floor. Updates include a new stove, newer central furnace, and mini-splits. Both septic systems were replaced 4 years ago. The properties are located 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 Hwy

What type of property is this?

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

Where is this multifamily property located?

The property is located at 2230-2232 Cranberry Hwy 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, offering flexibility for living and rental income; Significant recent upgrades including **new roof, Bosch Duel Fuel Heat Pump, hot water heater, kitchen flooring & stove in 2230 Cranberry Hwy**; 2232 Cranberry Hwy will be vacant at closing, ready for immediate occupancy or rental