$587,500
SOLD APR 4, 2025
-- Bed
4 Baths
2,558 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

2% Below List Price

11 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Level Lot
  • Saco Middle School Rated A-
  • Hot Water Heating System

About This Home

As of April 2025

Located in the heart of Saco, this 4-unit multi-family property presents an exceptional opportunity for investors or owner-occupants looking to build equity. Situated just a short walk from downtown Saco, you'll enjoy easy access to local shops, restaurants, and attractions, all while being in a peaceful and desirable neighborhood.
This property has been professionally managed for 5+ years and has a newer, efficient boiler for added peace of mind. Each of the 4 units offer one bedroom, living areas filled with natural light, and ample parking is available for tenants and guests.
Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this property offers unbeatable value in a thriving area. Don't miss your chance to own this multi-family property—schedule a tour today!

Last Agent to Sell the Property

Jessica Wallimann

Vitalius Real Estate Group, LLC Listed on: 02/20/2025

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Christine Karales Paul

Your Real Estate Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,464

Year Built

  • Built in 1880

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,558 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

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

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number SACO-000038-000032

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,667
  • Gross Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,464

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2558.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 234.17
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2558.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 31800.0
  • Income Expenses Operating Expenses: 17667.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Driveway:Gravel: Yes
  • Parking Other Parking: Yes
  • Heat System:Radiator: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Located in the heart of Saco, this 4-unit multi-family property presents an exceptional opportunity for investors or owner-occupants looking to build equity. Situated just a short walk from downtown Saco, you'll enjoy easy access to local shops, restaurants, and attractions, all while being in a peaceful and desirable neighborhood. This property has been professionally managed for 5+ years and has a newer, efficient boiler for added peace of mind. Each of the 4 units offer one bedroom, living areas filled with natural light, and ample parking is available for tenants and guests. Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this property offers unbeatable value in a thriving area. Don't miss your chance to own this multi-family property—schedule a tour today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Full, Interior Entry
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Other, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: SACO-000038-000032
  • Zoning: MU1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 31800.0
  • Annual Operating Expense: 17667.0

Tax Info

  • Tax Annual Amount: 5464.0
  • Tax Lot: 32
  • Tax Year: 2024
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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 Prior Sale
04/04/2025 04/04/25 Sold $587,500 -1.9% $230 / Sq Ft
02/20/2025 02/20/25 For Sale $599,000 +51.6% $234 / Sq Ft
06/20/2019 06/20/19 Sold $395,000 0.0% $154 / Sq Ft View Prior Sale
05/10/2019 05/10/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $395,000 +83.7% $154 / Sq Ft
05/23/2016 05/23/16 Sold $215,000 -15.7% $84 / Sq Ft View Prior Sale
03/31/2016 03/31/16 Pending -- -- --
04/30/2015 04/30/15 For Sale $254,900 -- $100 / 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
2024 $5,464 $388,900 $141,400 $247,500
2023 $5,736 $388,900 $141,400 $247,500
2022 $5,129 $279,800 $107,800 $172,000
2021 $5,033 $266,600 $99,800 $166,800
2020 $4,662 $237,000 $87,800 $149,200
2019 $4,196 $216,500 $87,800 $128,700
2018 $4,041 $208,500 $79,800 $128,700
2017 $3,988 $205,800 $79,800 $126,000
2016 $4,214 $217,000 $63,100 $153,900
2015 $4,132 $215,000 $63,100 $151,900
2014 $4,003 $215,000 $63,100 $151,900
2013 $3,995 $215,000 $63,100 $151,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1614705

Maine Listings