$360,000
$39K PRICE DROP

342 Main St Bingham, ME 04920

Estimated payment $2,439/month

Total Views 2,320
-- Bed
7 Baths
6,940 Sq Ft
$52 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Zoned Heating System
  • Level Lot
  • Storm Windows
  • Baseboard Heating
  • Community Storage Space

About This Home

Investors take notice! This is a nicely maintained in- town location housing a 7 unit apartment building. All units are currently rented. New windows installed in 2023 and a new roof in 2018.

Listing Agent

Angela ONeill

Whittemore's Real Estate Listed on: 04/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,459

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Radon Mitigation System
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 6,940 Sq Ft Home
  • Multi-Level Property
  • Laminate Flooring
  • Storm Windows

Bedrooms and Bathrooms

  • 7 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • No Driveway
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 049
  • Assessor Parcel Number BING-000005-000000-000049

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $40,750
  • Gross Income $80,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,459

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: Take route 201 North through Solon to Bingham. The property is a brick building on left.
  • Above Grade Finished Sq Ft: 6940.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 6940.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 7
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 80400.0
  • Income Expenses Operating Expenses: 40750.0
  • Property Information:Short Sale Continue to Show: No
  • Equipment:Internet Access Available: Yes
  • Driveway:No Driveway: Yes
  • Exterior:Brick: Yes
  • Basement Entry:Exterior Only: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Levels:Multi-Level3: Yes
  • Window Features Storm Windows2: Yes
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Internet Access Available, Air Radon Mitigation System
  • Has Basement: Interior, Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 7
  • Flooring: Laminate
  • Interior Amenities: Shower, Storage
  • Window Features: Storm Window(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Brick, Masonry, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, 11 - 20 Spaces, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: BING-000005-000000-000049
  • Zoning: commercial

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 80400.0
  • Annual Operating Expense: 40750.0

Tax Info

  • Tax Annual Amount: 6459.0
  • Tax Book Number: 3763
  • Tax Lot: 049
  • Tax Map Number: 005
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,459 $609,360 $11,520 $597,840
2021 $3,486 $200,360 $9,000 $191,360
2020 $3,466 $200,360 $9,000 $191,360
2019 $3,266 $200,360 $9,000 $191,360
2018 $3,266 $200,360 $9,000 $191,360
2017 $3,206 $200,360 $9,000 $191,360
2016 $3,506 $200,360 $9,000 $191,360
2015 $4,127 $200,360 $9,000 $191,360
2014 $4,206 $200,300 $9,000 $191,300
2013 $4,046 $200,300 $9,000 $191,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Price Changed $360,000 -9.8% $52 / Sq Ft
04/26/2025 04/26/25 For Sale $399,000 0.0% $57 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $399,000 -- $57 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1617022

Maine Listings

APN: BING-000005-000000-000049