1 N Main St Mechanic Falls, ME 04256
Mechanic Falls NeighborhoodEstimated payment $2,593/month
Highlights
- River Front
- Colonial Architecture
- Main Floor Bedroom
- River Nearby
- Wood Flooring
- Attic
About This Home
Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,438
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- River Front
- Corner Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,800 Sq Ft Home
- Water Views
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Common or Shared Parking
- Gravel Driveway
- Shared Driveway
- On-Street Parking
- Off-Street Parking
- Reserved Parking
Accessible Home Design
- Doors are 36 inches wide or more
- Accessible Approach with Ramp
Outdoor Features
- River Nearby
- Shed
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 96
- Assessor Parcel Number MECH-000019-000000-000096
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- No Dogs Allowed
Building Details
- Operating Expense $17,075
- Gross Income $60,360
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,749 | $288,182 | $35,800 | $252,382 |
| 2023 | $2,749 | $288,182 | $35,800 | $252,382 |
| 2022 | $2,749 | $123,549 | $10,560 | $112,989 |
| 2021 | $2,669 | $123,549 | $10,560 | $112,989 |
| 2020 | $2,650 | $123,549 | $10,560 | $112,989 |
| 2019 | $2,588 | $123,549 | $10,560 | $112,989 |
| 2018 | $2,539 | $116,486 | $10,560 | $105,926 |
| 2017 | $2,563 | $116,486 | $10,560 | $105,926 |
| 2016 | -- | $116,486 | $10,560 | $105,926 |
| 2015 | -- | $116,486 | $10,560 | $105,926 |
| 2014 | -- | $116,486 | $10,560 | $105,926 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $399,000 | -2.4% | $143 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $409,000 | -- | $146 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,600 | New Conventional | |
| Closed | $125,600 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $140,000 | Unknown |
Source: Maine Listings
MLS Number: 1615581
APN: 019-096-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
- 1 N Main St
- 18 High St
- 68 Pleasant St
- 66 Mitchell St
- 91 Lewiston St
- 104 Riverside Dr
- 5 Dunlop Ave
- 351 Pleasant St
- 160 Maple Ln
- 57 Stone Brooke Dr
- 145 Robinson Hill Rd
- 27 Girardin Ln
- 29 Lonely Pine Dr
- 49 Winterbrook Rd Unit B
- 49 Winterbrook Rd Unit A
- 49 Winterbrook Rd
- 247 Poland Corner Rd
- 13 Bakerstown Rd
- 16 Scenic Heights Dr
- 15 Scenic Heights Dr