
15 3rd St Wareham — Photo 1 of 25
$750,000
Investment Analysis — 15 3rd St
Wareham, MA 02571 — Shell Point
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02571 carries an estimated $3,080/mo in gross rent — about a 3.01% cap rate and $22,573/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,452
Style
Single Family
Built
1880
A very rare opportunity to own one of Shell Pointe’s most recognizable and beloved homes and Onset's Only Painted Lady. Built in 1880 and lovingly cared for for decades, this special Victorian is the kind of property that simply cannot be recreated. Perched in an extraordinary coastal setting, the home enjoys spectacular ocean views, gorgeous sunsets and cooling sea breezes that serve as a daily reminder of just how special life here can be. Inside the home is filled with the character and warmth you hope to find in a historic seaside property, with white oak floors throughout, three bedrooms, one and a half baths and a full basement offering valuable storage. Outside, mature pollinator gardens surround the property, creating a wonderfully established cottage landscape. Perhaps one of its most exciting features is the separate accessory studio building, an incredible bonus with endless possibilities. Create an art or writing studio, private office, creative workspace, homeschool room, fitness space or simply additional room for guests to gather and spread out. Off-street parking adds another sought-after convenience in this coveted coastal location.Then there is the location. From this magnificent home, it is just a short stroll to newly revitalized Onset Village, where restaurants, shops, beaches, boating, community events and the unmistakable energy of this historic seaside village are right outside your door. Homes can be renovated and Views can be admired but history, setting and character like this are nearly impossible to duplicate. The isn't simply a house by the ocean, it is a chance to become the next steward of one of Shell Pointe’s truly special homes and to own a little piece of Onset history.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 726 sq ft (the lesser of 900 sq ft or half the 1,452 sq ft principal dwelling). Lot size: 3,920 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
Dining Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl Main,FirstFlooring - Laminate, Window(s) - Bay/Bow/Box, Open Floorplan
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Bathroom 1
Lvl Main,FirstBathroom - Half, Window(s) - Bay/Bow/Box
Bathroom 2
Lvl SecondBathroom - Half, Bathroom - With Tub & Shower, Flooring - Laminate, Window(s) - Bay/Bow/Box
Listing Agent: Julie Johnson
Listing Office: eXp Realty LLC
MLS® Number: 73573727
