642 Limerick Rd Arundel, ME 04046
Estimated payment $4,834/month
Highlights
- 100 Feet of Waterfront
- View of Trees or Woods
- Deck
- Kennebunk High School Rated 9+
- 3 Acre Lot
- Wooded Lot
About This Home
Exceptional investment opportunity in the heart of Arundel. Set on approximately 3 acres, this versatile multi-unit property features 4 residential units, including a spacious 3-bedroom unit, along with 8 garage bays offering excellent additional income potential, storage, workshop space, or flexibility for a variety of uses. Whether you're looking to offset expenses through rental income, expand your portfolio, or secure a property with strong cash flow potential in a highly convenient Southern Maine location, this property offers flexibility and multiple income streams already in place. Conveniently located just minutes from downtown Biddeford, shopping, restaurants, and everyday amenities including Target, while also offering easy access to the beaches of both Biddeford and Kennebunk. Approximately 20 minutes to Portland and about 1 hour 15 minutes to Boston. Arundel residents currently have school attendance options that may include Kennebunk High School, Biddeford High School, or Thornton Academy. Buyers are encouraged to verify enrollment details directly with the applicable school departments. A rare combination of acreage, garage space, income potential, and location in one of Southern Maine's most convenient locations!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,631
Year Built
- Built in 1972
Lot Details
- 3 Acre Lot
- 100 Feet of Waterfront
- Property fronts a freeway
- Rural Setting
- Level Lot
- Open Lot
- Wooded Lot
Parking
- 8 Car Detached Garage
- Garage Door Opener
- Gravel Driveway
- Off-Street Parking
Home Design
- Ranch Style House
- Slab Foundation
- Wood Frame Construction
- Membrane Roofing
- Wood Siding
Interior Spaces
- 3,570 Sq Ft Home
- 1 Fireplace
- Storage
- Views of Woods
Flooring
- Wood
- Carpet
- Tile
- Luxury Vinyl Tile
- Vinyl
Bedrooms and Bathrooms
- Walk-In Closet
- Bathtub
Outdoor Features
- Deck
- Patio
- Shed
- Outbuilding
- Porch
Utilities
- No Cooling
- Zoned Heating
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Private Water Source
- Well
- Private Sewer
Additional Features
- Level Entry For Accessibility
- Property is near shops
Listing and Financial Details
- Tax Lot 23
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $16,830
- Gross Income $77,340
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 |
|---|---|---|---|---|
| 2025 | $4,631 | $564,700 | $178,000 | $386,700 |
| 2024 | $4,949 | $291,100 | $48,800 | $242,300 |
| 2023 | $4,949 | $291,100 | $48,800 | $242,300 |
| 2022 | $4,920 | $291,100 | $48,800 | $242,300 |
| 2021 | $4,920 | $291,100 | $48,800 | $242,300 |
| 2020 | $4,870 | $291,100 | $48,800 | $242,300 |
| 2019 | $4,150 | $254,600 | $46,500 | $208,100 |
| 2018 | $4,053 | $254,600 | $46,500 | $208,100 |
| 2017 | $3,946 | $254,600 | $46,500 | $208,100 |
| 2016 | $3,850 | $254,600 | $46,500 | $208,100 |
| 2015 | $3,806 | $254,600 | $46,500 | $208,100 |
| 2014 | $3,692 | $254,600 | $46,500 | $208,100 |
| 2013 | $3,692 | $254,600 | $46,500 | $208,100 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | Pending | -- | -- | -- | |
| 05/26/2026 05/26/26 | Price Changed | $825,000 | -2.9% | $231 / Sq Ft | |
| 05/12/2026 05/12/26 | For Sale | $850,000 | +119.6% | $238 / Sq Ft | |
| 01/17/2020 01/17/20 | Sold | $387,000 | -6.7% | $108 / Sq Ft | View Prior Sale |
| 11/22/2019 11/22/19 | Pending | -- | -- | -- | |
| 10/01/2019 10/01/19 | For Sale | $415,000 | -- | $116 / Sq Ft |
Source: Maine Listings
MLS Number: 1661869
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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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