21 Papermill Road Wareham — Photo 1 of 3
$479,500
Investment Analysis — 21 Papermill Road
Wareham, MA 02576
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02576 carries an estimated $2,040/mo in gross rent — about a 3.51% cap rate and $16,849/yr in estimated NOI at the $479,500 list price. Adjust every assumption in the calculator below.
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This spacious parcel offers an excellent opportunity for builders, investors, or future homeowners looking to design and construct their dream home. 4 acre +/- lot is located in West Wareham zoned MR30 and deemed residential developable land per town records. Over 2+ acres of upland and plenty of street frontage. The seller is open to creative uses for the land and willing to work with the right buyer to reach the property’s highest and best potential. Parcel is wooded and does have an area of wetlands. Town water and services are located at the street. No current perc test available. All engineering and permitting are buyers’ responsibility. Sellers have not previously attempted to develop.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Shopping • Walk/Jog Trails • Highway Access
Geography
Property History
$479,500
Apr 8, 2026
MLS® 73498420
$529,000
Feb 28, 2025
MLS® 73275891
$529,000
Aug 9, 2024
MLS® 73275891
Listing Agent: Cesidia Brousseau
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73498420
