8 Emery Corner Rd Limerick, ME 04048
Estimated payment $3,782/month
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
Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 03/25/2026
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $86,000 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1655282
APN: LIME-000023-000000-000024
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Ask me questions while you tour the home.
