$400,000
SOLD MAY 9, 2025

40 Winter St Norway, ME 04268

-- Bed
5 Baths
3,021 Sq Ft
0.28 Acres

Recently Sold

$132 Per Sq Ft

4% Above List Price

3 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Walk-In Closet
  • New Englander Architecture
  • In-Law or Guest Suite
  • Zoned Heating

About This Home

As of May 2025

Excellent opportunity for investor or owner-occupied investor. Property has been well maintained with the same owner since the mid 80's. Total of 5 apartments. The main apartment was used by the owner as a pre-school for decades. Time for rest and retirement for this Seller! Excellent safe area right behind the Stephens Hospital and Medical Buildings. Full dry basement for ample storage with entry thru bulkhead. Paved Parking lot, allowing one car per apartment. Bonus back yard for shared interests. Metal roof, hot water baseboard heating, town water and sewer, building deemed lead safe, Excellent tenant history who would love to continue to rent with the new owner.

Last Agent to Sell the Property

Monica LaVerdiere

Bearfoot Realty Listed on: 02/25/2025

Co-Listed By

Davis Turner

Bearfoot Realty

Last Buyer's Agent

Stephen Morgan

Maine Real Estate Pros

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,964

Year Built

  • Built in 1910

Lot Details

  • 0.28 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • 3,021 Sq Ft Home
  • New Englander Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • In-Law or Guest Suite
  • 5 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • Laundry on upper level
  • City Lot

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number NORY-000030-000000-000034

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $28,553
  • Gross Income $43,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,964

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Co List Office Phone: 207-539-6060
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 3021.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 127.44
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.28
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3021.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Roof:Metal: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 43490.0
  • Income Expenses Operating Expenses: 28553.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Radiator: Yes
  • Amenities:In-Law Apartment: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Excellent opportunity for investor or owner-occupied investor. Property has been well maintained with the same owner since the mid 80's. Total of 5 apartments. The main apartment was used by the owner as a pre-school for decades. Time for rest and retirement for this Seller! Excellent safe area right behind the Stephens Hospital and Medical Buildings. Full dry basement for ample storage with entry thru bulkhead. Paved Parking lot, allowing one car per apartment. Bonus back yard for shared interests. Metal roof, hot water baseboard heating, town water and sewer, building deemed lead safe, Excellent tenant history who would love to continue to rent with the new owner
  • Property Information 2 Detached Houses on 1 Lot: No
  • Heat System:Zoned: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Full, Bulkhead
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Walk-in Closets, In-Law Apartment, One-Floor Living, Pantry, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Well Landscaped, Open, Level, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Radiator, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12196.8
  • Parcel #: NORY-000030-000000-000034
  • Zoning: Mixed

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 43490.0
  • Annual Operating Expense: 28553.0

Tax Info

  • Tax Annual Amount: 3964.0
  • Tax Lot: 34
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
May 9, 2025
Sold by
Allen Ft and Allen
Bought by
Bk Homes Llc
Seller's Agent
Monica LaVerdiere
Bearfoot Realty
Buyer's Agent
Stephen Morgan
Maine Real Estate Pros
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Views
10
Current Estimated Value
$403,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,920
Avg. Annual Appreciation
1.36%
Original Mortgage
$100,000
Outstanding Balance
$99,466
Interest Rate
6.65%
Mortgage Type
Commercial
Estimated Equity
$304,454

Purchase Details

Closed on
Oct 30, 2023
Sold by
Allen Shirley H
Bought by
Allen Ft and Allen

Purchase Details

Closed on
Jul 5, 2023
Sold by
Allen Shirley H
Bought by
Allen Jacob G and Allen Nathaniel R
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $400,000 None Available
Deed $400,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed -- None Available
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Commercial
Closed $100,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2025 05/09/25 Sold $400,000 +3.9% $132 / Sq Ft
02/25/2025 02/25/25 For Sale $385,000 -- $127 / Sq Ft
Source: Maine Listings

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
2025 $4,534 $222,461 $29,947 $192,514
2024 $3,964 $222,461 $29,947 $192,514
2023 $3,269 $222,400 $29,900 $192,500
2022 $3,136 $222,400 $29,900 $192,500
2021 $3,059 $175,300 $27,200 $148,100
2020 $2,933 $175,300 $27,200 $148,100
2019 $3,077 $175,300 $27,200 $148,100
2018 $2,531 $175,300 $27,200 $148,100
2017 $3,015 $175,300 $27,200 $148,100
2015 $2,787 $175,300 $27,200 $148,100
2013 $2,577 $175,300 $27,200 $148,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1614947

Maine Listings

APN: NORY-000030-000000-000034