$650,000

8 Emery Corner Rd Limerick, ME 04048

Estimated payment $3,782/month

Total Views 1,821
-- Bed
2 Baths
2,064 Sq Ft
$315 Price per Sq Ft

Highlights

  • 220 Feet of Waterfront
  • Property is near shops
  • Carpet
  • No HOA
  • Baseboard Heating

About This Home

Positioned on the shores of beautiful Sokokis Lake in the heart of Limerick, this rare mixed-use opportunity offers the perfect blend of lifestyle, income, and future potential. Zoned business/residential, this versatile lakefront property features two fully occupied rental units along with an established on-site laundromat creating multiple streams of revenue in a highly visible, prime location. The property has seen extensive updates throughout, including newer windows and doors, updated electrical panels and wiring, and on-demand tankless hot water systems. The roof has been replaced in phases, with half completed approximately three years ago and the remaining portion several years prior offering peace of mind for years to come. Unit A (Upper Front) is a thoughtfully designed studio, completely renovated approximately four years ago with all-new finishes at the time. Unit B (Lower Rear) was recently refreshed (July-Sept 2025) and features new flooring throughout, updated plumbing, a new stove, fresh paint, and replacement windows. Both units include dimmable lighting, adding a modern touch and enhanced comfort. The laundromat provides steady income and includes a utility room housing independent systems for heat, hot water, and security. There is also flexibility to expand--whether growing the laundromat operation or increasing residential space-- with approximately 30% expansion potential available under current zoning. Set on deep water frontage, the property boasts a private dock, swim area, and small beach access point--perfect for enjoying Maine summers. Spectacular lake views enhance both tenant appeal and owner enjoyment. Conveniently located within walking distance to local amenities--including dining, coffee shops, and more. This property combines small-town charm with everyday accessibility. Whether you're an investor seeking strong income potential or an owner-occupant looking to live and work by the water, this unique property delivers on all fronts.

Listing Agent

Bob Letellier

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 03/25/2026

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,014

Year Built

  • Built in 1950

Lot Details

  • 13,068 Sq Ft Lot
  • 220 Feet of Waterfront

Property Views

  • Water
  • Scenic Vista

Home Design

  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Exterior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Vinyl

Location

  • Property is near shops

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electricity To Lot Line

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number LIME-000023-000000-000024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $20,162
  • Gross Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,014

Year Built

Built in 1950

Lot Details

0.3 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Water Body Name: Sokokis Lake
  • MLS Status: Active
  • Directions: GPS accessible
  • Above Grade Finished Sq Ft: 1224.0
  • Architectural Style: Other, Ranch
  • Garage Yn: No
  • Year Built: 1950
  • Attribution Contact: 207-282-5988
  • Contract Information:List PriceSqFt: 531.05
  • Property Information:Seasonal: No
  • Water Info:Water View2: Yes
  • Water Info:Waterfront Amount -: 220.0
  • Water Info:Water Frontage Owned -: 220.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Exterior Entry
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 840.0
  • Flooring: Carpet, Laminate, Vinyl
  • Stories: 2

Exterior Features

  • View: Scenic
  • Waterfront: Yes
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Direct Vent Heater, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: On Site, 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: 13068.0
  • Parcel #: LIME-000023-000000-000024
  • Zoning: Village

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 57000.0
  • Annual Operating Expense: 20162.0

Tax Info

  • Tax Annual Amount: 4014.0
  • Tax Lot: 24
  • Tax Year: 2025

Map

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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
2025 $4,014 $422,545 $279,647 $142,898
2024 $4,014 $422,545 $279,647 $142,898
2023 $3,348 $220,280 $116,776 $103,504
2022 $3,128 $220,280 $116,776 $103,504
2021 $2,925 $176,224 $93,421 $82,803
2020 $2,890 $176,224 $93,421 $82,803
2019 $3,869 $245,645 $162,842 $82,803
2018 $3,967 $245,645 $162,842 $82,803
2017 $3,869 $245,645 $162,842 $82,803
2016 $3,697 $245,645 $162,842 $82,803
2015 $3,586 $245,645 $162,842 $82,803
2014 $3,476 $245,644 $162,842 $82,802
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2026 03/25/26 For Sale $650,000 -- $315 / Sq Ft
Source: Maine Listings

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $86,000 Purchase Money Mortgage
Source: Public Records

Source: Maine Listings

MLS Number: 1655282

Maine Listings

APN: LIME-000023-000000-000024

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