P
Seller's Agent in 2025
Peter McPhail
United Country Lifestyle Properties of Maine
(207) 794-6164
146 Total Sales
395 Fourth St Old Town, ME 04468
--
Bed
2
Baths
2,100
Sq Ft
6,970
Sq Ft Lot
Highlights
- New Englander Architecture
- Baseboard Heating
- Level Lot
- No HOA
About This Home
As of July 2025Located in the heart of Old Town and just minutes from the University of Maine, this well-maintained 2-unit apartment building offers the perfect blend of investment potential and personal use. Whether you're a first-time homebuyer looking to offset your mortgage with rental income, or a parent seeking safe, affordable housing for your student, this is a smart and versatile opportunity.
The spacious first-floor unit features 3 bedrooms and 1 full bath, complete with a washer and dryer, making it move-in ready for an owner-occupant or tenant. The second-floor unit offers 2 bedrooms and 1 bath, ideal for additional rental income or student housing.
Enjoy a paved driveway and ample off-street parking for both units. Many of the property's major systems have been updated over the years, giving peace of mind to buyers. The building is in great condition and shows pride of ownership throughout.
With the University so close, rental demand in the area is strong and steady. This is a rare chance to build equity, reduce monthly housing costs, and own a property in one of Old Town's most convenient locations.
Last Agent to Sell the Property
United Country Lifestyle Properties of Maine Brokerage Phone: 207-794-6164 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,968
Year Built
- Built in 1900
Lot Details
- 6,970 Sq Ft Lot
- Level Lot
Home Design
- New Englander Architecture
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2 Full Bathrooms
- 2,100 Sq Ft Home
- 2-Story Property
- Laminate Flooring
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Dirt Floor
Parking
- Driveway
- Paved Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 221
- Assessor Parcel Number 395fourthstreetoldtownmaine04468
Community Details
Overview
- No Home Owners Association
- 2 Units
Pet Policy
- No Dogs Allowed
Building Details
- Operating Expense $7,489
- Gross Income $36,600
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Sold | $270,000 | -3.6% | $129 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $280,000 | -- | $133 / Sq Ft |
Source: Maine Listings
Agents Affiliated with this Home
-
Peter McPhail
-
Yates Murphy
Buyer's Agent in 2025
Yates Murphy
NextHome Experience
(207) 373-8239
37 Total Sales
-
Susan Stephenson
S
Buyer Co-Listing Agent in 2025
Susan Stephenson
NextHome Experience
(207) 347-9555
38 Total Sales
Map
Source: Maine Listings
MLS Number: 1626063
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.
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