NOT LISTED FOR SALE

1 River Ave Gardiner, ME 04345

-- Bed
4 Baths
3,304 Sq Ft
0.3 Acres

Last Sold September 07, 2021

Last sale price $220,000 $67 Per Sq Ft

33 Days on Market

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • Wood Flooring
  • River Front
  • Deck
  • Main Floor Bedroom

About This Home

As of September 2021

What a great opportunity for a very nice four unit building located in desirable downtown Gardiner with tenants already in place. Well within walking distance to groceries, shopping, library, and the Kennebec Rail Trail. The building has a lot of refinished flooring, newer flooring, and fresh paint. Most of the windows have been replaced. The building also has a metal roof, a large back yard and deck space for the first floor units, plenty of storage at the property, and much more. This solid investment property would make a great addition to any rental portfolio. This property is well worth a look. Call today to schedule your showing

Last Agent to Sell the Property

Joel Alexander

NextHome Northern Lights Realty Listed on: 06/02/2021

NextHome Northern Lights Realty

Co-Listed By

Ben Grant

NextHome Northern Lights Realty

Last Buyer's Agent

Daniel Hildebrandt

AllMaineHomes, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,242

Year Built

  • Built in 1800

Lot Details

  • 0.3 Acre Lot
  • River Front
  • Corner Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,304 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Attic

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Deck
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Propane
  • Radiant Heating System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number GARR-000035-000000-000007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Dogs Allowed

Building Details

  • Operating Expense $20,508
  • Gross Income $31,374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,242

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Road Surface Type: Paved
  • Water Body Name: Kennebec River
  • Co List Office Phone: 207-623-4182
  • MLS Status: Closed
  • Directions: Bridge Street, left at post office/traffic light. Just past downtown home on right. Sign on property
  • Above Grade Finished Sq Ft: 3304.0
  • Architectural Style: Colonial, Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1800
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 68.1
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.3
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3304.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 4
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 31374.0
  • Income Expenses Operating Expenses: 20508.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Heat System:Radiator: Yes
  • Restrictions:Pet: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Advertising Remarks:Advertising Remarks: What a great opportunity for a very nice four unit building located in desirable downtown Gardiner with tenants already in place. Well within walking distance to groceries, shopping, library, and the Kennebec Rail Trail. The building has a lot of refinished flooring, newer flooring, and fresh paint. Most of the windows have been replaced. The building also has a metal roof, a large back yard and deck space for the first floor units, plenty of storage at the property, and much more. This solid investment property would make a great addition to any rental portfolio. This property is well worth a look. Call today to schedule your showing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Exterior Entry, Doghouse, Bulkhead, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Radiant, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Dogs Allowed, Other Restrictions, Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13068.0
  • Parcel #: GARR-000035-000000-000007
  • Zoning: HDR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 31374.0
  • Annual Operating Expense: 20508.0

Tax Info

  • Tax Annual Amount: 3242.0
  • Tax Lot: 1
  • Tax Year: 2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2021 09/07/21 Sold $220,000 -2.2% $67 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $225,000 +87.5% $68 / Sq Ft
12/14/2017 12/14/17 Sold $120,000 -11.8% $36 / Sq Ft View Prior Sale
11/20/2017 11/20/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $136,000 -- $41 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joel Alexander

    Seller's Agent in 2021

    Joel Alexander

    NextHome Northern Lights Realty

    (207) 592-9410

    5 in this area

    78 Total Sales

    Joel Alexander
    Section Image
  • Ben Grant

    Seller Co-Listing Agent in 2021

    Ben Grant

    NextHome Northern Lights Realty

    (207) 598-6223

    2 in this area

    17 Total Sales

    Ben Grant
    Section Image
  • Daniel Hildebrandt

    Buyer's Agent in 2021

    Daniel Hildebrandt

    AllMaineHomes, LLC

    (207) 215-5669

    5 in this area

    26 Total Sales

    Daniel Hildebrandt
    Section Image
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Map

Source: Maine Listings

MLS Number: 1494376

Maine Listings
Maine Kennebec County Gardiner 04345

1 River Ave, Gardiner, ME

Not Listed for Sale

MultiFamily

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