391 Onset Ave Wareham — Photo 1 of 30
Recent Drop: $251,000
$299,000
Investment Analysis — 391 Onset Ave
Wareham, MA 02538 — East Wareham
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02538 carries an estimated $2,040/mo in gross rent — about a 5.02% cap rate and $15,017/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.
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Prime redevelopment opportunity in East Wareham’s Village District within close proximity to Onset Village and beautiful Onset Beach. This prominent property on Onset Avenue is currently improved with a church building situated on approximately 9,500 square feet (0.22 acres) and offers exceptional potential for residential, mixed-use, institutional, or commercial uses (subject to approvals). Located in the Strip Commercial (CS) zoning district, the site supports a wide range of future development possibilities. The highly visible location along a well-traveled corridor provides strong street presence and convenient access to shops, restaurants, marinas, and public amenities. Easy access to major routes enhances regional connectivity, making this an outstanding opportunity for developers, investors, religious organizations, or community groups seeking a well-located property with significant upside.
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 MLS and other third-party data may be inaccurate or out of date.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
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Property History
$299,000
Was $329,000
Sep 1, 2026
MLS® 73479050
$329,000
Was $399,000
Apr 16, 2026
MLS® 73479050
$399,000
Mar 16, 2026
MLS® 73485123
$399,000
Was $499,000
Mar 11, 2026
MLS® 73479050
$399,000
Mar 11, 2026
MLS® 73485123
$499,000
Was $550,000
Mar 6, 2026
MLS® 73479050
$550,000
Feb 20, 2026
MLS® 73479050
Listing Agent: Debra L. Lovelace
Listing Office: Churchill Properties
MLS® Number: 73479050
