406 Cumberland St Westbrook, ME 04092
Estimated payment $4,130/month
Highlights
- Colonial Architecture
- No HOA
- Baseboard Heating
- Wood Flooring
- Porch
- Fenced
About This Home
Unlock the power of dual income with this highly versatile two-unit property, perfectly positioned for the strategic investor. The ground level features a fully operational, licensed daycare facility — a recession-resistant tenant with a long term rock-solid lease in place, offering long-term stability and reliable income. Upstairs, a spacious 3-bedroom, 2-bath residential apartment boasts its own private entrance and full-floor layout, ideal for maximizing rental income or serving as an attractive owner-occupant unit. The apartment will be delivered vacant as of July 1st, offering immediate flexibility for leasing or personal use. Whether you're seeking strong cash flow from a stable commercial lease or looking to expand your portfolio with a turn-key mixed-use asset, this property checks every box. Don't miss out on this rare opportunity to own a property that generates income from day one — with upside potential built in.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,102
Year Built
- Built in 2005
Lot Details
- 8,712 Sq Ft Lot
- Fenced
- Level Lot
- Open Lot
- Sprinkler System
Home Design
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,848 Sq Ft Home
- 2-Story Property
- Fire Sprinkler System
- Laundry on upper level
Flooring
- Wood
- Carpet
- Tile
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Propane
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 045A
- Assessor Parcel Number WSBR-000043-000000-000045A
Community Details
Overview
- No Home Owners Association
- 2 Units
- The community has rules related to deed restrictions
Building Details
- Operating Expense $17,195
- Gross Income $61,200
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 |
|---|---|---|---|---|
| 2023 | $6,102 | $365,800 | $79,100 | $286,700 |
| 2022 | $5,515 | $304,700 | $65,900 | $238,800 |
| 2021 | $5,433 | $304,700 | $65,900 | $238,800 |
| 2020 | $5,442 | $304,700 | $65,900 | $238,800 |
| 2019 | $5,442 | $304,700 | $65,900 | $238,800 |
| 2018 | $5,107 | $256,000 | $59,300 | $196,700 |
| 2017 | $4,833 | $256,000 | $59,300 | $196,700 |
| 2016 | $4,710 | $256,000 | $59,300 | $196,700 |
| 2015 | $4,598 | $256,000 | $59,300 | $196,700 |
| 2014 | $4,403 | $256,000 | $59,300 | $196,700 |
| 2013 | $4,403 | $256,000 | $59,300 | $196,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | For Sale | $650,000 | -- | $228 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $250,000 | Commercial | |
| Closed | $200,000 | Commercial | |
| Closed | $230,000 | Commercial |
Source: Maine Listings
MLS Number: 1627626
APN: WSBR-000043-000000-000045A
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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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