2 Baths
2,253 SqFt
2 Baths
2,253 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 2,253 sqft
MLS Listing ID 1656930
Style Other
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,253
Year Built 1920
Annual Tax Amount $4,770
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Source Maine Listings
Land Area 2253
Property Description
The first-floor unit features 3 bedrooms and 1 full bath, while the second-floor unit offers 2 bedrooms with the potential for a third, making this an attractive setup for both owner-occupants and investors. Each unit has its own boiler, with tenants responsible for their own heat--helping to keep operating costs predictable.
Based on current numbers, the property operates around a ~6.8% cap rate, with the potential to reach the high 7% range as rents are brought to market levels.
A standout feature is the third-floor space, which is currently being utilized by the owner for additional bedrooms. This area offers flexibility for living space storage, workspace, or potential future expansion (buyers to verify all uses with local code enforcement).
Additional highlights include solar panels installed approximately 2 years ago, offering long-term energy savings, and a layout that supports both steady cash flow and future upside.
Whether you're looking to owner-occupy and offset your mortgage or add a value-add multi-unit to your portfolio, this property presents a strong opportunity in today's market. Group showings will be held on Friday April 10 from 4:00pm to 6:00pm and Saturday April 11 from 11:00 am to 1:00pm. Please text or email listing agent if you plan on attending one of the group showings. All offers are due by Tuesday April 14 at 5:00pm
Location
State ME
County Androscoggin
Zoning MFU
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Wood, Vinyl
Equipment Air Radon Mitigation System
Exterior
Parking Features 1 - 4 Spaces, Paved
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Lot Description Level, Sidewalks, Near Shopping, Near Town, Neighborhood
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1656930
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