50 Myrtle St Westbrook, ME 04092
Estimated payment $4,898/month
Highlights
- Additional Residence on Property
- Wood Flooring
- No HOA
- Property is near public transit
- New Englander Architecture
- Baseboard Heating
About This Home
A fantastic investment opportunity in the heart of Westbrook! This fully rented 4-unit property features three 2-bedroom units and one 1-bedroom unit, bringing in a solid monthly income of $7,400. Rents are $2,000, $2,000, $1,900, and $1,500. The property has plenty of off-street parking, and access to a large side yard—a rare bonus for multifamily living.
Public water and sewer are connected.
Located just minutes from downtown Westbrook, with easy access to shops, restaurants, the riverwalk, and I-95, this property sits in a high-demand rental area with strong long-term upside.
Whether you're expanding your portfolio or looking for a low-maintenance, income-generating property, 50-52 Myrtle Street is worth a closer look
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,090
Year Built
- Built in 1920
Lot Details
- 0.34 Acre Lot
- Level Lot
Home Design
- Duplex
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 3,537 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Additional Residence on Property
- Property is near public transit
Listing and Financial Details
- Tax Lot 124
- Assessor Parcel Number WSBR-000039-000000-000124
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $13,790
- Gross Income $88,800
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Price Changed | $799,900 | -5.9% | $226 / Sq Ft |
| 09/05/2025 09/05/25 | For Sale | $850,000 | +42.1% | $240 / Sq Ft |
| 02/12/2021 02/12/21 | Sold | $598,000 | -0.3% | $169 / Sq Ft |
| 12/10/2020 12/10/20 | Pending | -- | -- | -- |
| 11/13/2020 11/13/20 | For Sale | $599,900 | -- | $170 / Sq Ft |
Source: Maine Listings
MLS Number: 1636720
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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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