$800,000
SOLD JUN 12, 2025
-- Bed
5 Baths
3,557 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

11% Below List Price

19 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • No HOA
  • Saco Middle School Rated A-
  • New Englander Architecture
  • Zoned Heating

About This Home

As of June 2025

Welcome to 41 Thornton Avenue—a well-maintained 5-unit multifamily building ideally located just steps from downtown Saco. This turn-key investment opportunity offers a blend of charm, space, and convenience in one of southern Maine's most desirable rental markets.
The property consists of 5 well-maintained one bedroom apartments with a great rental history.
Whether you're looking to expand your portfolio or occupy a unit while renting the others, 41 Thornton Avenue presents a strong opportunity in a thriving rental market.
Showing times will be limited to Thursdays 12-5 and Saturdays 10-2 by appointment only.

Last Agent to Sell the Property

Josh Plowman

Plowman Realty Group Listed on: 04/10/2025

Last Buyer's Agent

Michelangelo Floridino

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,833

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 3,557 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number SACO-000038-000093

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $17,615
  • Gross Income $81,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,833

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3557.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 238.97
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3557.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 81000.0
  • Income Expenses Operating Expenses: 17615.0
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to 41 Thornton Avenue—a well-maintained 5-unit multifamily building ideally located just steps from downtown Saco. This turn-key investment opportunity offers a blend of charm, space, and convenience in one of southern Maine's most desirable rental markets. The property consists of 5 well-maintained one bedroom apartments with a great rental history. Whether you're looking to expand your portfolio or occupy a unit while renting the others, 41 Thornton Avenue presents a strong opportunity in a thriving rental market. Showing times will be limited to Thursdays 12-5 and Saturdays 10-2 by appointment only.
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Other Equipment: Cable
  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: SACO-000038-000093
  • Zoning: D

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 81000.0
  • Annual Operating Expense: 17615.0

Tax Info

  • Tax Annual Amount: 6833.0
  • Tax Lot: 93
  • Tax Year: 2024

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2025 06/12/25 Sold $800,000 -5.9% $225 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/24/2025 04/24/25 Price Changed $850,000 -5.5% $239 / Sq Ft
04/10/2025 04/10/25 For Sale $899,900 -- $253 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

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 $6,833 $486,300 $143,700 $342,600
2023 $7,173 $486,300 $143,700 $342,600
2022 $6,045 $329,800 $109,500 $220,300
2021 $5,841 $309,400 $101,400 $208,000
2020 $5,462 $277,700 $89,200 $188,500
2019 $5,382 $277,700 $89,200 $188,500
2018 $5,227 $269,700 $81,200 $188,500
2017 $5,178 $267,200 $81,200 $186,000
2016 $4,979 $256,400 $64,200 $192,200
2015 $4,872 $253,500 $64,200 $189,300
2014 $4,720 $253,500 $64,200 $189,300
2013 $4,710 $253,500 $64,200 $189,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1618642

Maine Listings