40 Main St Limerick, ME 04048
Limerick AreaEstimated payment $4,674/month
Highlights
- Deck
- Wood Flooring
- No HOA
- Post and Beam
- Main Floor Bedroom
- Porch
About This Home
Offered as a fully operational, turnkey hospitality property, Jeremiah Mason House Bed and Breakfast remains open, actively welcoming guests, and accepting future reservations throughout the sale process.
Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside.
The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals.
Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal.
Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand.
Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,418
Year Built
- Built in 1859
Lot Details
- 1.2 Acre Lot
- Level Lot
Home Design
- Post and Beam
- Greek Revival Architecture
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Slate Roof
- Metal Roof
- Clapboard
- Masonry
Interior Spaces
- 3-Story Property
- Laundry on main level
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- In-Law or Guest Suite
- 11 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Paved Parking
- Off-Street Parking
Accessible Home Design
- Doors are 32 inches wide or more
- Accessible Approach with Ramp
Outdoor Features
- Deck
- Porch
Location
- City Lot
Utilities
- Window Unit Cooling System
- Forced Air Zoned Heating System
- Heating System Uses Kerosene
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Uses Wood
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Generator Hookup
- Well
Listing and Financial Details
- Exclusions: list can be provided
- Tax Lot 69
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $53,000
- Gross Income $138,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $6,418 | $675,536 | $103,040 | $572,496 |
| 2024 | $6,418 | $675,536 | $103,040 | $572,496 |
| 2023 | $6,506 | $427,995 | $53,500 | $374,495 |
| 2022 | $6,078 | $427,995 | $53,500 | $374,495 |
| 2021 | $5,684 | $342,396 | $42,800 | $299,596 |
| 2020 | $5,615 | $342,396 | $42,800 | $299,596 |
| 2019 | $5,768 | $366,229 | $42,800 | $323,429 |
| 2018 | $4,024 | $249,173 | $42,800 | $206,373 |
| 2017 | $3,924 | $249,173 | $42,800 | $206,373 |
| 2016 | $3,750 | $249,173 | $42,800 | $206,373 |
| 2015 | $3,638 | $249,173 | $42,800 | $206,373 |
| 2014 | $3,526 | $249,173 | $42,800 | $206,373 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/02/2026 08/02/26 | For Sale | $750,000 | +100.0% | $199 / Sq Ft | |
| 10/03/2019 10/03/19 | Sold | $375,000 | -21.1% | $99 / Sq Ft | View Prior Sale |
| 08/12/2019 08/12/19 | Pending | -- | -- | -- | |
| 06/06/2018 06/06/18 | For Sale | $475,000 | -- | $126 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional |
Source: Maine Listings
MLS Number: 1674467
APN: LIME-000022-000000-000069
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- 310 Sebago Rd Unit B
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- 4 Reed St Unit 1
- 397 Main St Unit C
Ask me questions while you tour the home.
