S
Seller's Agent in 2025
Sarah Dyer
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
3 in this area
3 Total Sales
88 Main Rd Milford, ME 04461
--
Bed
6
Baths
4,200
Sq Ft
6,098
Sq Ft Lot
Highlights
- No HOA
- Baseboard Heating
- Carpet
- Cooling Available
- Level Lot
About This Home
As of September 2025This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors.
Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort.
Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place.
Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 08/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,341
Year Built
- Built in 1900
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 4,200 Sq Ft Home
- Multi-Level Property
Flooring
- Carpet
- Vinyl
Basement
- Interior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- Off-Street Parking
Location
- City Lot
Utilities
- Cooling Available
- Heating System Uses Propane
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Tax Lot 100
- Assessor Parcel Number MILD-000023-000000-000100
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $24,954
- Gross Income $82,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2025
Closed on
Sep 11, 2025
Sold by
Dyer Property Mgmt Llc
Bought by
Ofili Real Estate Llc
Seller's Agent
Sarah Dyer
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
List Price
$550,000
Sold Price
$425,000
Premium/Discount to List
-$125,000
-22.73%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,628
Avg. Annual Appreciation
16.78%
Purchase Details
Closed on
Jan 6, 2020
Sold by
Dyer Nicholas W and Dyer Sarah J
Bought by
Dyer Property Mgmt Llc
Purchase Details
Listed on
Jun 15, 2017
Closed on
Feb 2, 2018
Sold by
Fahed-Almutawa Hamoud A and Mansour-Alsaraf Faisal A
Bought by
Dyer Nicholas W
Seller's Agent
Bill Ingersoll
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Justin Gilbert
AllMaineHomes, LLC
List Price
$299,000
Sold Price
$200,000
Premium/Discount to List
-$99,000
-33.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$160,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 24, 2013
Closed on
Nov 19, 2013
Sold by
Mishou Timothy and Mishou J H
Bought by
Almutawa Hamoud A and Alsaraf Faisal A
Seller's Agent
Tracy Flagg
Realty of Maine
Buyer's Agent
Bill Ingersoll
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$164,918
Sold Price
$141,500
Premium/Discount to List
-$23,418
-14.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $160,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/11/2025 09/11/25 | Sold | $425,000 | -22.7% | $101 / Sq Ft | |
| 08/05/2025 08/05/25 | For Sale | $550,000 | +29.4% | $131 / Sq Ft | |
| 07/31/2025 07/31/25 | Off Market | $425,000 | -- | -- | |
| 06/22/2025 06/22/25 | Price Changed | $550,000 | -7.6% | $131 / Sq Ft | |
| 03/20/2025 03/20/25 | Price Changed | $595,000 | -8.5% | $142 / Sq Ft | |
| 01/15/2025 01/15/25 | For Sale | $650,000 | +225.0% | $155 / Sq Ft | |
| 02/01/2018 02/01/18 | Sold | $200,000 | -33.1% | $48 / Sq Ft | View Prior Sale |
| 11/16/2017 11/16/17 | Pending | -- | -- | -- | |
| 06/15/2017 06/15/17 | For Sale | $299,000 | +111.3% | $71 / Sq Ft | |
| 11/14/2013 11/14/13 | Sold | $141,500 | -14.2% | $34 / Sq Ft | View Prior Sale |
| 10/21/2013 10/21/13 | Pending | -- | -- | -- | |
| 09/05/2013 09/05/13 | For Sale | $164,918 | -- | $39 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,917 | $199,800 | $17,200 | $182,600 |
| 2024 | $3,500 | $159,100 | $17,200 | $141,900 |
| 2023 | $3,341 | $159,100 | $17,200 | $141,900 |
| 2022 | $2,864 | $159,100 | $17,200 | $141,900 |
| 2021 | $2,864 | $159,100 | $17,200 | $141,900 |
| 2020 | $3,102 | $159,100 | $17,200 | $141,900 |
| 2019 | $3,341 | $159,100 | $17,200 | $141,900 |
| 2018 | $2,909 | $138,500 | $17,200 | $121,300 |
| 2017 | $2,812 | $138,500 | $17,200 | $121,300 |
| 2016 | $2,666 | $138,500 | $17,200 | $121,300 |
| 2015 | $2,541 | $138,500 | $17,200 | $121,300 |
| 2014 | $2,299 | $138,500 | $17,200 | $121,300 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Dyer
-
Augustine Ofili
Buyer's Agent in 2025
Augustine Ofili
ERA Dawson-Bradford Co.
(203) 768-4134
17 in this area
309 Total Sales
-
B
Seller's Agent in 2018
Bill Ingersoll
Better Homes & Gardens Real Estate/The Masiello Group
-
J
Buyer's Agent in 2018
Justin Gilbert
AllMaineHomes, LLC
-
T
Seller's Agent in 2013
Tracy Flagg
Realty of Maine
Map
Source: Maine Listings
MLS Number: 1612603
APN: MILD-000023-000000-000100
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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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