NOT LISTED FOR SALE
-- Bed
4 Baths
2,558 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: April 4, 2025

Last sale price $587,500 $230 Per Sq Ft

11 Days on Market

Highlights

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

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
  • Property fronts a freeway
  • 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

Location

  • Property is near shops

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

8,712 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
Apr 4, 2025
Sold by
Bought by
Seller's Agent
Jessica Wallimann
Vitalius Real Estate Group, LLC
Buyer's Agent
Christine Karales Paul
Your Real Estate Company
List Price
$599,000
Sold Price
$587,500
Premium/Discount to List
-$11,500
-1.92%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,625
Interest Rate
0.0685%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 1, 2019
Closed on
Jun 20, 2019
Sold by
Bought by
Seller's Agent
Cheri Bonawitz
Malone Commercial Brokers, Inc.
Buyer's Agent
Chris Sullivan
Vitalius Real Estate Group, LLC
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$316,000
Interest Rate
0.041%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2015
Closed on
May 23, 2016
Sold by
Bought by
Seller's Agent
Marc Cardullo
Regency Realty Group
Buyer's Agent
Cheri Bonawitz
Keller Williams Realty
List Price
$254,900
Sold Price
$215,000
Premium/Discount to List
-$39,900
-15.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.83%
Original Mortgage
$161,250
Interest Rate
0.0359%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
0.0659%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
0.0659%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
0.0621%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$587,500 None Available
-- --
-- --
-- --
-- --
-- --
Source: Public Records

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 Borrower Loan Amount
Open $440,625
Previous Owner $316,000
Previous Owner $161,250
Previous Owner $220,500
Previous Owner $220,500
Previous Owner $68,100
Source: Public Records

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
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

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 $5,610 $395,100 $141,400 $253,700
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1614705

Maine Listings
Your Personal Tour Guide

Ask me questions while you tour the home.