16 Gibbs Ave
Wareham, MA 02571
- 21 Beds
- 10 Baths
- 7,949 sqft (on 0.55 acres)
21 Beds
10 Baths
7,949 sqft
(on 0.55 acres)
Local Information
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Description
PORTFOLIO PACKAGE FOR SALE!!!!! - ***BEST DEAL ON THE MARKET*** - Rare opportunity to purchase 4 separately deeded properties way below town's assessed value. Seller is super motivated and will sell for $65k per unit! Properties are being sold "AS-IS" - The 4 Properties include 16 Gibbs Street (2 Unit), 2587 Cranberry Highway (2 Unit), 129 High Street (2 Unit) & 10 Locust Street (4 Unit). GROSS RENTS $113,000; ANNUAL OPERATING EXPENSES $24,638; NET OPERATING INCOME $89,075 ANNUALLY. Please see attached INCOME & EXPENSE breakdown for info for financial info on each individual property. Price is non-negotiable at just $65k per unit, total asking price is $650,000 - Currently the town has the properties assessed value at $828,800. Seller is also willing to hold a small 2nd mortgage of 10-15% ($65,000 - $97,500) for up to 12 months so you could put down as little as 10-15% down and finance the rest. Fix up the properties; refinance them, and get your cash back. Properties will not last!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 16 Gibbs Ave
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Heating & Cooling Heating: Other, GasHeating Fuel: Other |
Interior Details Number of Rooms: 9 |
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Exterior Home Features Roof: AsphaltExterior: Wood |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 10 |
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Lot Area: 0.55 acres |
Price History for 16 Gibbs Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 11/05/2018 | $650,000 | ListingRemoved | Agent Provided |
| 09/07/2018 | $650,000 | Listed For Sale | Agent Provided |
| 06/19/2018 | $190,000 | ListingRemoved | Agent Provided |
| 06/06/2018 | $190,000 | PendingToActive | Agent Provided |
| 05/22/2018 | $190,000 | Pending | Agent Provided |
| 05/14/2018 | $190,000 | Listed For Sale | Agent Provided |
| 07/21/2016 | $195,000 | Sold | CCIMLS #21603546 |
| 04/21/2016 | $219,900 | Listed For Sale | Agent Provided |
| 02/12/2016 | $279,000 | ListingRemoved | Agent Provided |
| 08/25/2015 | $279,000 | PriceChange | Agent Provided |
| 04/05/2013 | $299,900 | Listed For Sale | Agent Provided |
| 06/27/2002 | $180,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,543 |
| Assessment | $340,000 |
Home facts updated by county records
Comparable Sales for 16 Gibbs Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.56 | Multi-Family Home | $750,000 | 08/13/25 | 5 | 5.5 | 2,257 | |
1.16 | Multi-Family Home | $525,000 | 12/24/25 | 4 | 3 | 2,186 | |
3.10 | Multi-Family Home | $450,000 | 02/20/26 | 4 | 2 | 1,488 | |
3.61 | Multi-Family Home | $920,000 | 08/05/25 | 6 | 4 | 2,807 | |
3.61 | Multi-Family Home | $920,000 | 08/05/25 | 6 | 4 | 2,807 | |
3.54 | Multi-Family Home | $577,500 | 10/23/25 | 5 | 2.5 | 1,575 | |
4.02 | Multi-Family Home | $710,000 | 06/24/25 | 6 | 3.5 | 3,355 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 16 Gibbs Ave.
What Locals Say about Wareham
At least 138 Trulia users voted on each feature.
86 % Say car is needed
86 % Say it's dog friendly
86 % Say yards are well-kept
83 % Say parking is easy
75 % Say there's holiday spirit
72 % Say there's wildlife
61 % Say people would walk alone at night
59 % Say kids play outside
56 % Say neighbors are friendly
54 % Say it's walkable to restaurants
53 % Say they plan to stay for at least 5 years
48 % Say it's quiet
40 % Say there are sidewalks
40 % Say it's walkable to grocery stores
33 % Say streets are well-lit
28 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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16 Gibbs Ave, Wareham, MA 02571 is a 21 bedroom, 10 bathroom, 7,949 sqft multi-family built in 1900. This property is not currently available for sale. 16 Gibbs Ave was last sold on Jul 21, 2016 for $195,000. The current Trulia Estimate for 16 Gibbs Ave is $906,000.