$369,000
$20K PRICE DROP

6 Otis St Searsport, ME 04974

Estimated payment $2,220/month

Total Views 2,825
-- Bed
2.5 Baths
1,344 Sq Ft
$275 Price per Sq Ft

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Corner Lot
  • Cape Cod Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

Fully furnished! Nestled in the heart of the beautifully restored downtown Searsport, this charming multi-family property offers a rare opportunity to embrace both convenience and tranquility. Just steps away from a vibrant mix of businesses—including trendy restaurants, a local brewery, a candy shop, and a grocery store—this property places you at the center of the action while maintaining a peaceful, remote atmosphere.
Enjoy the luxury of being able to easily access nearby Mosman Park, the oceanfront, and the boat landing—all without needing to get in your car. The newly revitalized downtown area, with its lit-up sidewalks, makes it even more enjoyable to explore all the local offerings.
The property consists of two residential units. The first is a spacious 2-bedroom unit, filled with natural light and perfect for a family or roommates. The second is a cozy 1-bedroom unit, ideal for singles, couples, or as a guest suite.
This property offers a multitude of possibilities. You could live in one unit and rent the other, or even run a small business from the second unit—there's ample flexibility to suit your lifestyle. Its central location is perfect for a home-office setup, offering the chance to be part of the thriving downtown community. Although situated in the heart of Searsport, the property retains a remarkably tranquil ambiance, offering an escape from traffic noise and the hustle and bustle of more crowded areas. The serene surroundings provide an ideal place to unwind after a busy day, yet everything you need is within close reach.
This is a rare opportunity to own a piece of one of Maine's most charming and up-and-coming communities, where both urban convenience and natural beauty come together seamlessly. Don't miss your chance to make this unique property your new home or investment. Seller lives in one side and just started to Air BnB the one-bedroom unit at 1500 a month so do not have numbers yet. See MLS#1637185

Listing Agent

Michelle Ridley

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 09/03/2025

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,071

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • 1,344 Sq Ft Home
  • Cape Cod Architecture
  • Cottage
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • In-Law or Guest Suite
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Interior Basement Entry
  • Sump Pump
  • Dirt Floor
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Shed

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Appliances
  • Level Entry For Accessibility
  • City Lot

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number SEAP-000015-000000-000016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Pet Size Limit

Building Details

  • Operating Expense $300
  • Gross Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,071

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: From Main Street, Rt 1, turn North onto Pike Avenue, and turn the corner onto Otis Street.
  • Above Grade Finished Sq Ft: 1344.0
  • Architectural Style: Cape Cod, Cottage
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1344.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: 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
  • Amenities:Primary Bedroom wBath: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:Laundry - Hookup: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 6000.0
  • Income Expenses Operating Expenses: 300.0
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Amenities:In-Law Apartment: Yes
  • Restrictions:Pet Weight Limit: Yes
  • Style:Cape Cod: Yes
  • Other Structures:Shed(s): Yes
  • Window Features Storm Windows2: Yes
  • Door Features Storm Doors2: Yes
  • Heat System:Zoned: Yes
  • Energy Efficiency ENERGY STAR Qualified Appliances: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: ENERGY STAR Qualified Appliances
  • Other Equipment: Cable
  • Accessibility Features: Level Entry
  • Has Basement: Interior, Dirt Floor, Crawl Space, Sump Pump, Bulkhead
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Door Features: Storm Door(s)
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: In-Law Apartment, 1st Floor Bedroom, Bathtub, Primary Bedroom w/Bath
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Well Landscaped, Corner Lot, Level, Intown
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Other Heat System, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Size Limit

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: SEAP-000015-000000-000016
  • Zoning: Com w/ Residential.

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 6000.0
  • Annual Operating Expense: 300.0

Tax Info

  • Tax Annual Amount: 3071.0
  • Tax Lot: 16
  • Tax Year: 2024

Map

Range of Values:

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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 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 $3,071 $134,100 $26,500 $107,600
2023 $2,709 $134,100 $26,500 $107,600
2022 $2,540 $131,600 $24,000 $107,600
2021 $2,370 $125,400 $24,000 $101,400
2020 $2,345 $125,400 $24,000 $101,400
2019 $2,320 $125,400 $24,000 $101,400
2018 $2,483 $125,400 $24,000 $101,400
2017 $1,967 $81,300 $30,600 $50,700
2016 $1,943 $81,300 $30,600 $50,700
2015 $1,927 $81,300 $30,600 $50,700
2014 $1,846 $81,300 $30,600 $50,700
2013 $1,748 $81,300 $30,600 $50,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2025 09/22/25 Price Changed $369,000 -2.6% $275 / Sq Ft
09/11/2025 09/11/25 Price Changed $379,000 -2.6% $282 / Sq Ft
09/10/2025 09/10/25 For Sale $389,000 +80.9% $289 / Sq Ft
11/17/2022 11/17/22 Sold $215,000 -6.5% $160 / Sq Ft View Prior Sale
11/17/2022 11/17/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $230,000 +79.7% $171 / Sq Ft
10/16/2019 10/16/19 Sold $128,000 -8.5% $95 / Sq Ft View Prior Sale
08/24/2019 08/24/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $139,900 +18.6% $104 / Sq Ft
06/15/2018 06/15/18 Sold $118,000 -25.8% $88 / Sq Ft View Prior Sale
06/12/2018 06/12/18 Pending -- -- --
04/07/2018 04/07/18 For Sale $159,000 +13.7% $118 / Sq Ft
07/26/2016 07/26/16 Sold $139,900 0.0% $104 / Sq Ft View Prior Sale
06/06/2016 06/06/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $139,900 -- $104 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Personal Reps Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $222,740 Purchase Money Mortgage
Closed $222,740 Purchase Money Mortgage
Previous Owner $137,365 FHA
Previous Owner $121,500 Commercial
Source: Public Records

Source: Maine Listings

MLS Number: 1636415

Maine Listings

APN: SEAP-000015-000000-000016