8 Iris Ln Freeport, ME 04032
Estimated payment $3,943/month
Highlights
- 20 Feet of Waterfront
- 3.3 Acre Lot
- Main Floor Bedroom
- Mast Landing School Rated A
- Wood Flooring
- Corner Lot
About This Home
Welcome to 8 Iris Lane - a rare opportunity to own a well-maintained two-unit property set on 3.3 acres of privacy and natural beauty in sought-after Freeport. This property offers flexibility, space, and strong rental potential.
Unit 1 features 2 comfortable bedrooms, a functional layout, and cozy living spaces - perfect for continued rental income or future personal use.
Unit 2 offers 3 spacious bedrooms and has been recently updated with all new windows and stylish vinyl plank flooring. Bright and inviting, it adds to the overall appeal and value of the property.
Both units are currently leased with a solid income history, making this a turnkey investment opportunity from day one.
Enjoy the expansive, fenced-in backyard - ideal for pets, gardening, or outdoor entertaining - all surrounded by mature trees for a true sense of privacy and seclusion.
Located just minutes from downtown Freeport's shops, restaurants, and amenities, yet tucked away in a peaceful setting, 8 Iris Lane offers the best of both worlds.
Don't miss this unique opportunity to own a flexible, income-producing property in a prime location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,114
Year Built
- Built in 1955
Lot Details
- 3.3 Acre Lot
- 20 Feet of Waterfront
- Corner Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- Duplex
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,299 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Utilities
- No Cooling
- Space Heater
- Heating System Uses Gas
- Heating System Uses Propane
- Baseboard Heating
- Underground Utilities
- Private Water Source
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 75
- Assessor Parcel Number FPRT-000023-000075
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $9,421
- Gross Income $48,360
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 |
|---|---|---|---|---|
| 2024 | $6,114 | $458,000 | $186,700 | $271,300 |
| 2023 | $5,566 | $404,800 | $169,700 | $235,100 |
| 2022 | $4,551 | $333,400 | $141,600 | $191,800 |
| 2021 | $4,451 | $333,400 | $141,600 | $191,800 |
| 2020 | $4,351 | $310,800 | $131,200 | $179,600 |
| 2019 | $4,160 | $290,900 | $123,700 | $167,200 |
| 2018 | $4,068 | $270,300 | $115,500 | $154,800 |
| 2017 | $3,894 | $260,500 | $112,900 | $147,600 |
| 2016 | $3,816 | $241,500 | $104,500 | $137,000 |
| 2015 | $3,686 | $219,400 | $98,800 | $120,600 |
| 2014 | $3,467 | $219,400 | $98,800 | $120,600 |
| 2013 | $3,612 | $227,900 | $96,800 | $131,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $650,000 | +29.7% | $283 / Sq Ft |
| 05/19/2023 05/19/23 | Sold | $501,000 | +6.6% | $218 / Sq Ft |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- |
| 04/12/2023 04/12/23 | For Sale | $470,000 | -- | $204 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $501,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,800 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1633685
APN: FPRT-000023-000075
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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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