$440,000
SOLD DEC 12, 2025
-- Bed
6 Baths
5,015 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

1% Below List Price

14 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Carpet
  • Deck
  • Baseboard Heating
  • 2-minute walk to Davenport Park

About This Home

As of December 2025

Investors Take Notice! Fantastic opportunity to own this income-producing 5-unit property complete with a 6 unit storage building. Conveniently located close to downtown, this property offers plenty of parking for tenants and guests. Strong rental history with room for even more growth. Key features include: Natural gas heat for efficiency, newer deck for added value, updated kitchen in one of the units, and refinished hardwood floors in select areas
With reliable tenants already in place and tons of potential to increase returns, this property is a must-see for any serious investor. 48-hour notice required for showings.

Last Agent to Sell the Property

Shonne Wright

ERA Dawson-Bradford Co. Listed on: 10/08/2025

ERA Dawson-Bradford Co.

Co-Listed By

Molly Cannon

ERA Dawson-Bradford Co.

Last Buyer's Agent

Jay Peavey

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,124

Year Built

  • Built in 1880

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 6 Full Bathrooms
  • 5,015 Sq Ft Home
  • 4-Story Property
  • Exterior Basement Entry

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Doors are 32 inches wide or more
  • 9,148 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 159
  • Assessor Parcel Number BANG-000035-000000-000159

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $29,287
  • Gross Income $67,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,124

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Co List Office Phone: 207-947-6788
  • MLS Status: Closed
  • Directions: Corner of Cedar and Second Street.
  • Above Grade Finished Sq Ft: 5015.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 4
  • Year Built: 1880
  • Contract Information:List PriceSqFt: 88.73
  • 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: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Furnished: Unfurnished
  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Exterior Entry
  • Full Bathrooms: 6
  • Flooring: Carpet, Laminate, Hardwood

Exterior Features

  • Waterfront: No
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, 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: 9147.6
  • Parcel #: BANG-000035-000000-000159
  • Zoning: URD-2

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 67099.65
  • Annual Operating Expense: 29287.35

Tax Info

  • Tax Annual Amount: 5124.0
  • Tax Lot: 159

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
Jun 1, 2017
Sold by
Sky Villa Llc
Bought by
Stoughton James and Zhu Wenyu
Seller's Agent
Kimberly Brountas
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Kimberly Brountas
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$256,750
Sold Price
$200,000
Premium/Discount to List
-$56,750
-22.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$160,000
Outstanding Balance
$132,904
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$236,239
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2025 12/12/25 Sold $440,000 -1.1% $88 / Sq Ft
10/22/2025 10/22/25 Pending -- -- --
09/11/2025 09/11/25 For Sale $445,000 +78.0% $89 / Sq Ft
11/23/2020 11/23/20 Sold $250,000 -5.7% $50 / Sq Ft View Prior Sale
10/15/2020 10/15/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $265,000 +32.5% $53 / Sq Ft
05/31/2017 05/31/17 Sold $200,000 -22.1% $39 / Sq Ft View Prior Sale
03/27/2017 03/27/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $256,750 -- $50 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

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 $5,124 $276,200 $20,200 $256,000
2023 $4,832 $252,300 $20,200 $232,100
2022 $4,423 $216,800 $20,200 $196,600
2021 $4,444 $199,300 $18,700 $180,600
2020 $4,280 $184,500 $17,800 $166,700
2019 $4,087 $177,700 $17,800 $159,900
2018 $3,821 $166,500 $17,300 $149,200
2017 $4,028 $180,700 $18,800 $161,900
2016 $3,980 $176,900 $18,800 $158,100
2015 $3,890 $177,200 $18,800 $158,400
2014 $3,582 $164,300 $18,800 $145,500
2013 $3,598 $173,000 $19,900 $153,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1637375

Maine Listings

APN: BANG-000035-000000-000159