183 Main St Mexico, ME 04257
Estimated payment $879/month
Highlights
- Water Views
- No HOA
- Tile Flooring
- New Englander Architecture
- 2 Car Detached Garage
- Baseboard Heating
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
- Level Lot
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Shared Driveway
Home Design
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,162 Sq Ft Home
- Multi-Level Property
- Water Views
Flooring
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Water Heater
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 | Change | Sq Ft Price |
---|---|---|---|---|
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 |
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 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $71,250 | Stand Alone Refi Refinance Of Original Loan | |
Closed | $52,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Maine Listings
MLS Number: 1628523

APN: MEXI-000020-000000-000104
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