Two-Family Home with
2783 Cranberry Highway Wareham, MA 02571
2783 Cranberry Highway, Wareham, MA, 02571
$749,900
For Sale
$749,900
Currently configured as a two-family home with rebuilt main portion and renovated front apartment, plus a heated saltwater pool.
Property Size2,400 SF
Price / SF$312.46
Days on Market114
Property Features for 2783 Cranberry Highway
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1890
Listing agency
Conway - Wareham
(508) 295-6560
Listed by
Francis Gropman · License #9506689
(508) 295-6560
Source
Compass
Added: Apr 1 Updated: Jul 22 at 9:27PM Checked: Jul 22 at 9:27PM
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 Conway - Wareham
Investment Insights
Based on property information with market context.
This unique two-family home offers flexible living and income potential, currently set up as a two-family residence with in-law setup possibilities. The back main portion of the home was rebuilt from the foundation up in 2014, and the front apartment has been renovated. Multiple zoning uses are noted in the remarks, supporting a variety of ways to think about the property’s layout.
Outside, the home includes a fenced backyard with a heated saltwater inground pool, a covered patio/bar area, and a half bath with a changing room, along with a hot tub. The property is located at 2783 Cranberry Highway in Wareham, Massachusetts.
From a practical standpoint, it’s a well-updated residence with both indoor improvements and substantial outdoor amenities designed for everyday enjoyment and entertaining.
Outside, the home includes a fenced backyard with a heated saltwater inground pool, a covered patio/bar area, and a half bath with a changing room, along with a hot tub. The property is located at 2783 Cranberry Highway in Wareham, Massachusetts.
From a practical standpoint, it’s a well-updated residence with both indoor improvements and substantial outdoor amenities designed for everyday enjoyment and entertaining.
Key Highlights
- Currently configured as a two‑family home with a rebuilt main portion and a renovated front apartment
- Back main part of the home rebuilt from the foundation up in 2014
- 4 total bathrooms (3 full, 1 half) and 3.5 total bathroom value listed
Local Financial Insights For Multifamily LT 5
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 | $61.2k | $25.50 |
| − Vacancy | −$3.3k | −$1.36 |
| EGI | $57.9k | $24.14 |
| − OpEx | −$17.4k | −$7.24 |
| NOI | $40.6k | $16.90 |
2,400 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,561 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$534.0K
$467.3K – $623.0K
NOI $37,382 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,455 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gomes Enterprises Construcion
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Currently configured as a two-family home with rebuilt main portion and renovated front apartment, plus a heated saltwater pool.
Where is this duplex located?
The property is located at 2783 Cranberry Highway Wareham, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Currently configured as a two‑family home with a rebuilt main portion and a renovated front apartment; Back main part of the home rebuilt from the foundation up in 2014; 4 total bathrooms (3 full, 1 half) and 3.5 total bathroom value listed
