is pleased to present The Wareham Narrows Multifamily.This rare value-add opportunity in the heart of the Wareham Narrows Historic District features a 7,529 SF, 9-unit residential building with waterfront views, along with 3,234 SF of commercial space. Built in 1870 and extensively renovated in 2023, the property combines timeless New England character with modern improvements. Less than 20 minutes from Cape Cod, the property benefits from strong rental demand amid tightening on- and off-Cape housing supply and offers significant rent upside, an established tenant base, and on-site management for an easy transition of ownership.Zoned INS, the property offers flexibility for future development and expansion opportunities, while the substantial rear carriage house has town approvals for commercial use or conversion to up to five additional units. Whether you're a value-add investor, local entrepreneur, institutional buyer, or contractor seeking development potential and commercial space, this versatile investment offers multiple avenues to drive additional income and long-term value. Schedule a tour today to explore how this unique asset can fit into your portfolio..
Multi-familyProperty Type
1870Year Built
0.73 acresLot Size
$266Price/Sq.Ft.
4 garage spacesParking
Listed by Tom Egbers• Northeast Private Client Group
Listed by Tom Egbers• Northeast Private Client Group
The WV1 district is intended to promote business and residential development in Wareham Village that provides a stable economic base, protects the Village's historic buildings, fosters reuse of existing buildings, and promotes visual connections to the waterfront.
Permitted uses
Include but are not limited to:
Automotive sales
Bank
Day care facility
Laundromat
General retail
Restaurant
Housing-Senior
Bed & breakfast
Office
Public service
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wareham, MA • 02571
Average low and high temperatures (°F)
35
21
37
21
49
32
57
40
67
50
79
60
83
66
79
59
73
57
63
46
53
36
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 72 Main St
There isn’t enough information to generate an accurate estimate at this time. Learn More