NOT LISTED FOR SALE

50 School St Saco, ME 04072

Downtown Saco Neighborhood
-- Beds
4 Baths
3,412 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: April 28, 2016

Last sale price $236,000 $69 Per Sq Ft

3 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Main Floor Bedroom
  • Saco Middle School Rated A-
  • Wood Flooring
  • 1-minute walk to Saco Dog Park

About This Home

As of April 2016

Investors take notice of the location of this 4-unit intown Saco with easy access to bus route, train station, dog park and downtown area amenities. 11.2% cap rate, coin operated laundry, 3 different heating units. 2-1 bedroom units and 2-2br units, tenants at will, low expenses, and low tenant turnover.

Last Agent to Sell the Property

Deja Lett

Keller Williams Realty Listed on: 03/07/2016

Keller Williams Realty

Co-Listed By

Jules Radjavitch

Keller Williams Realty

Last Buyer's Agent

Brett Kelly

Keller Williams Realty

Keller Williams Realty
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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,260

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 3,412 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms

Unfinished Basement

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

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 50SCHOOLST0SACO31032

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to deed restrictions

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $11,065
  • Gross Income $38,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,260

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: Main Street south, left on School Street, building is on left in 3rd block
  • Above Grade Finished Sq Ft: 3412.0
  • Architectural Style: Colonial
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 69.17
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3412.0
  • 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 38556.0
  • Income Expenses Operating Expenses: 11065.0
  • Style:Colonial: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Parking:No Parking: Yes
  • Exterior:Asbestos: Yes
  • Electric:Fuses: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Investors take notice of the location of this 4-unit intown Saco with easy access to bus route, train station, dog park and downtown area amenities. 11.2% cap rate, coin operated laundry, 3 different heating units. 2-1 bedroom units and 2-2br units, tenants at will, low expenses, and low tenant turnover.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, None

Utilities

  • Laundry Features: Washer Hookup, Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Hot Water, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: 50SCHOOLST0SACO31032
  • Zoning: R3

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38556.0
  • Annual Operating Expense: 11065.0

Tax Info

  • Tax Annual Amount: 4260.0
  • Tax Lot: 32
  • Tax Year: 2016

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Saco, ME

  • Elias Leland Real Estate Agent - Coldwell Banker Realty

    Elias Leland

    Coldwell Banker Realty

    (207) 544-4351

    115 Total Sales

    1 in Downtown Saco

    $721,000 Price

    Elias Leland
     Section Image
  • Katherine Scamman Real Estate Agent - EXP Realty

    Katherine Scamman

    EXP Realty

    (207) 610-6829

    77 Total Sales

    3 in Downtown Saco

    $250K - $1.1M Price Range

    Katherine Scamman
     Section Image
  • Roslind Anton Real Estate Agent - EXP Realty

    Roslind Anton

    EXP Realty

    (207) 503-3755

    166 Total Sales

    4 in Downtown Saco

    $194K - $515K Price Range

    Roslind Anton
     Section Image
  • Michelle Libby Real Estate Agent - Century 21 North East

    Michelle Libby

    Century 21 North East

    (207) 517-4917

    76 Total Sales

    1 in Downtown Saco

    $362,000 Price

    Michelle Libby
     Section Image
  • Luke Morris Real Estate Agent - REAL Broker NH, LLC

    Luke Morris

    REAL Broker NH, LLC

    (855) 625-7038

    62 Total Sales

    1 in Downtown Saco

    $340,000 Price

    Luke Morris
     Section Image
  • Scott Reiff Denise Reiff Real Estate Agent - Coldwell Banker Realty

    Scott Reiff Denise Reiff

    Coldwell Banker Realty

    (207) 891-6314

    96 Total Sales

    1 in Downtown Saco

    $599,000 Price

    Scott Reiff Denise Reiff
     Section Image
See All Agents

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
04/28/2016 04/28/16 Sold $236,000 -3.3% $69 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $244,000 -- $72 / Sq Ft
Source: Maine Listings

Agents Affiliated with this Home

  • Deja Lett Real Estate Agent - Keller Williams Realty

    Seller's Agent in 2016

    Deja Lett

    Keller Williams Realty

    (207) 415-8204

    175 Total Sales

    Deja Lett
    Section Image

  • JR

    Seller Co-Listing Agent in 2016

    Jules Radjavitch

    Keller Williams Realty

  • BK

    Buyer's Agent in 2016

    Brett Kelly

    Keller Williams Realty

    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1253379

Maine Listings
Maine York County Saco 04072 Downtown Saco

50 School St, Saco, ME

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings 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.
© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.