Prime mixed-use investment opportunity in the heart of downtown Springvale, ME! This well-maintained building features a fully leased first-floor commercial space currently occupied by a successful restaurant, offering strong and steady income. The second floor includes two spacious, fully rented 3-bedroom apartments, providing additional reliable revenue. With its quality construction, high-visibility location, and stable tenant base, this property is an exceptional opportunity for investors seeking a turnkey asset in a thriving downtown setting. Excellent location, solid returns, and long-term potential — a must-see addition to any portfolio.
Century 21 North EastBrokerage Phone: 207-651-7188Listed on: 11/21/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,903
Year Built
Built in 1940
Lot Details
3,485 Sq Ft Lot
Corner Lot
Open Lot
Home Design
Colonial Architecture
Block Foundation
Membrane Roofing
Vinyl Siding
Masonry
Interior Spaces
4,048 Sq Ft Home
2-Story Property
Flooring
Wood
Vinyl
Unfinished Basement
Basement Fills Entire Space Under The House
Doghouse Basement Entry
Interior Basement Entry
Parking
Common or Shared Parking
Gravel Driveway
On-Street Parking
Off-Site Parking
Location
City Lot
Utilities
Cooling Available
Heat Pump System
Baseboard Heating
Hot Water Heating System
Listing and Financial Details
Tax Lot 9
Assessor Parcel Number SANF-000009-K000015
Community Details
Overview
No Home Owners Association
3 Units
Building Details
Operating Expense $15,000
Gross Income $60,000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,903
Year Built
Built in 1940
Lot Details
0
Listing Details
Prop. Type: Residential Income
Lot Size Acres: 0.08
Road Surface Type: Paved
MLS Status: Active
Directions: On the corner of Main and Mill St Springvale, ME
Above Grade Finished Sq Ft: 4048.0
Architectural Style: Colonial
Garage Yn: No
Unit Levels: Multi-Level
Building Stories: 2
Year Built: 1940
Attribution Contact: 207-651-7188
Contract Information:List PriceSqFt: 123.49
Property Information:Seasonal: No
Water Info:Water View2: No
Property Information:Short Sale Continue to Show: No
Property Information:Deed Restrictions: Unknown
Property Information:Bank Owned REO: No
Property Information 2 Detached Houses on 1 Lot: No
Special Features: None
Property Sub Type: MultiFamily
Stories: 2
Interior Features
Furnished: Unfurnished
Has Basement: Doghouse, Interior Entry, Full, Unfinished
Full Bathrooms: 2
Half Bathrooms: 2
Flooring: Vinyl, Wood
Stories: 2
Exterior Features
Lot Features: Business District, Intown, Corner Lot, Open Lot, Sidewalks
Waterfront: No
Construction Type: Masonry, Block, Vinyl Siding
Foundation Details: Block
Roof: Membrane
Garage/Parking
Attached Garage: No
Parking Features: Common, Gravel, 1 - 4 Spaces, Off Site, On Street
Utilities
Cooling: Heat Pump
Cooling Y N: Yes
Heating: Baseboard, Heat Pump, Hot Water
Heating Yn: Yes
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Water Source: Public
Condo/Co-op/Association
Association: No
Schools
Junior High Dist: Sanford Public Schools
Lot Info
Land Lease: No
Lot Size Sq Ft: 3484.8
Parcel #: SANF-000009-K000015
Zoning: Urban
Multi Family
Number Of Units Total: 3
Annual Gross Income: 60000.0
Annual Operating Expense: 15000.0
Tax Info
Tax Annual Amount: 4903.0
Tax Lot: 9
Map
Range of Values:
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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
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