7 Elm St Topsham, ME 04086
Highlights
- Public Beach
- The property is located in a historic district
- No HOA
- Country Club
- Colonial Architecture
- Porch
About This Home
As of June 2021Rare 4-Unit In Historic Topsham Village presents an outstanding opportunity for both investor and owner occupant. The current cash flow / annual income of $35K is impressive but 3 at-will tenants ensure a new owner has a flexibility to take below market rents to new levels of profitability. Current and previous owners have updated and maintained the property to ensure ease of ownership from the super efficient heat and replacement windows to the low/no maintenance siding. Heat is included in rent but with this boiler it makes sense - tenants love this and will pay more per/month for it and it's so efficient you can come out on top. Tenants pay electric and each unit is an ideal 1 bedroom and 1 bath with off street parking. The attic is a blank slate and the land of opportunity... maybe another unit, maybe an expansion of one of the owner units. The possibilities are many, the opportunity is apparent, the location can't be beat. Just a short walk or drive to the recreation, restaurants, bars, breweries, boutiques and even Bowdoin College. Smart buyers know Brunswick / Topsham is already 'happening' and poised for rapid appreciation. Come tour but don't delay. Out of an abundance of respect for the tenants showings are limited to Friday 5/14 and Monday 5/17 between 12-2. Buyers and brokers are welcome with no appointment needed. Offers due Tuesday 5/18 @ 3PM.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,408
Year Built
- Built in 1850
Lot Details
- 5,227 Sq Ft Lot
- Public Beach
- Level Lot
- Open Lot
Home Design
- Colonial Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 2,711 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Crawl Space
Parking
- Gravel Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Porch
Location
- Property is near a golf course
- The property is located in a historic district
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 034
- Assessor Parcel Number TOPM-000006-000000-000034U
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Community Storage Space
Recreation
- Country Club
Building Details
- Operating Expense $14,658
- Gross Income $35,820
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 1491453
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.
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.
© 2025 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
