Investment Analysis — 18 Elmwood St

Wareham, MA 02571

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 3.51% cap rate and $23,857/yr in estimated NOI at the $679,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,462

Style

Single Family

Built

2018

Another Parkwood gem is here for all buyers looking for a move-in ready. 3 bedrooms / 2.5 baths home! Almost a new build, completed in 2018, This lovely home features quality amenities: high ceilings, an open floor plan, beautiful gas fireplace wall as a focal point in the living and a first floor primary suite with direct access to the rear deck and pool! This versatile home can carry a coastal vibe or a more modern tone easily. The double lot is completely fenced in and offers room for an ADU, garage or expansion of the main house! Add an attached garage with an apartment above and still enjoy a sizable yard and outdoor amenities. Plenty of storage space with generous closets in the bedrooms, a full basement with storage and finished space, and a full size shed. This home is not in the flood plain but is an easy walk to Front Beach. The Parkwood Beach Association playground is just doors away and the Clubhouse is around the corner! High efficiency HVAC and hot water systems, terrific gas fireplace and easy care finishes throughout, like luxury vinyl flooring. Sweet features like the welcoming front porch and hydrangea lined walkway are perfect for seasonal decor and greeting neighbors! Enjoy the golf cart lifestyle of Parkwood Beach with its miles of association shoreline, beaches, pickleball courts, softball field, clubhouse and playground. Association membership is voluntary and dues are $200 annually. Roads are maintained by the town and all town services are available to residents.

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: 731 sq ft (the lesser of 900 sq ft or half the 1,462 sq ft principal dwelling). Lot size: 8,712 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.