$650,000
UNDER CONTRACT

7 Elm St Topsham, ME 04086

Estimated payment $4,076/month

-- Bed
4 Baths
2,711 Sq Ft
$240 Price per Sq Ft

Highlights

  • The property is located in a historic district
  • New Englander Architecture
  • Attic
  • Wood Flooring
  • Main Floor Bedroom
  • No HOA

About This Home

4 unit building in Topsham's Historic District with parking and within an easy walk to Brunswick. Four one bedroom units, separate entrances, and easy to manage. Great investment that cashflows. Back available to no fault of the building.

Listing Agent

John Graham

John Graham Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,463

Year Built

  • Built in 1850

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 2,711 Sq Ft Home
  • New Englander Architecture
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms

Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available

Additional Features

  • Attic

Listing and Financial Details

  • Tax Lot 034
  • Assessor Parcel Number TOPM-000006-000000-000034U

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Topsham Historic District Subdivision
  • 25-Story Property

Building Details

  • Operating Expense $14,161
  • Gross Income $75,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,463

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Active Under Contract
  • Subdivision Name: Topsham Historic District
  • Directions: Main Street Topsham to Elm Street, third building on right.
  • Above Grade Finished Sq Ft: 2711.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 25
  • Structure Type: Post & Beam
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2711.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 25
  • Income Expenses Gross Income: 75692.0
  • Income Expenses Operating Expenses: 14161.0
  • Location:Historic District: Yes
  • Roof:Pitched: Yes
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 25

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Interior, Full
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Other
  • Foundation Details: Granite, Other
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Schools

  • Junior High Dist: RSU 75/MSAD 75

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: TOPM-000006-000000-000034U
  • Zoning: R1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 75692.0
  • Annual Operating Expense: 14161.0

Tax Info

  • Tax Annual Amount: 5463.0
  • Tax Book Number: 2021R
  • Tax Lot: 034
  • Tax Map Number: U06
  • Tax Year: 2023

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

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 For Sale $650,000 0.0% $240 / Sq Ft
03/02/2025 03/02/25 Off Market $650,000 -- --
11/18/2024 11/18/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $650,000 +85.7% $240 / Sq Ft
06/01/2021 06/01/21 Sold $350,000 +0.3% $129 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $349,000 -- $129 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1605639

Maine Listings