183 Main St Mexico, ME 04257
Estimated payment $852/month
Highlights
- Water Views
- No HOA
- Baseboard Heating
- New Englander Architecture
- Tile Flooring
- 2 Car Garage
About This Home
Opportunity knocks with this fully occupied duplex in a prime Main Street location. In addition to two well-sized residential units, the property features an unfinished attic space with potential for conversion into a third unit—creating a strong value-add play for the right investor (buyer to verify with town). One of the existing units is currently rented below market, offering room for increased cash flow over time. The detached garage spaces generate additional monthly income and help boost overall returns. Whether you're a seasoned investor or just getting started, this property offers the chance to increase value through strategic improvements and rental optimization.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,039
Year Built
- Built in 1920
Lot Details
- 5,227 Sq Ft Lot
Parking
- 2 Car Garage
Home Design
- New Englander Architecture
- Shingle Roof
Interior Spaces
- 2 Full Bathrooms
- 2,162 Sq Ft Home
- Water Views
- Interior Basement Entry
Flooring
- Tile
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 104
- Assessor Parcel Number MEXI-000020-000000-000104
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $20,142
- Gross Income $27,000
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 | $2,039 | $70,300 | $11,800 | $58,500 |
| 2023 | $2,053 | $70,300 | $11,800 | $58,500 |
| 2022 | $2,053 | $70,300 | $11,800 | $58,500 |
| 2021 | $2,053 | $70,300 | $11,800 | $58,500 |
| 2014 | $1,828 | $70,300 | $11,800 | $58,500 |
| 2012 | $1,758 | $70,300 | $11,800 | $58,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/28/2025 06/28/25 | For Sale | $130,000 | +100.0% | $60 / Sq Ft | |
| 02/26/2021 02/26/21 | Sold | $65,000 | -4.4% | $30 / Sq Ft | View Prior Sale |
| 12/17/2020 12/17/20 | Pending | -- | -- | -- | |
| 12/07/2020 12/07/20 | For Sale | $68,000 | -- | $31 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $1,001 | -- |
Source: Maine Listings
MLS Number: 1628523
APN: MEXI-000020-000000-000104
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