4 Baths
3,168 SqFt
4 Baths
3,168 SqFt
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $268
MLS Listing ID 1653362
Full Baths 4
HOA Y/N No
Year Built 1974
Tax Year 2025
Lot Size 0.640 Acres
Acres 0.64
Source Maine Listings
Land Area 3168
Property Description
Investors take notice! This rare four-unit property in desirable Wells, Maine offers strong rental income with additional upside potential. Each unit features 2 bedrooms and 1 full bath, providing an ideal layout for long-term tenants.
Units A & B are heated with efficient kerosene monitor heaters, while Units C & D have been updated with newer Rinnai propane heaters, offering improved efficiency and reliability. One unit will be delivered vacant at closing--perfect for an owner-occupant looking to offset their mortgage or for an investor seeking immediate rent growth.
Current rents are solid with room for improvement, making this a strong value-add opportunity in a high-demand rental market. Conveniently located near area beaches, shopping, and commuter routes, this property combines steady income potential with long-term appreciation in one of Southern Maine's most sought-after communities.
Location
State ME
County York
Zoning R
Direction Interstate 95 to Wells Exit #19, Route 109 West to Route 9A (Branch Rd) on right, follow Branch Road approximately 4.0 miles to 1646 Branch Rd on left.
Rooms
Other Rooms Shed(s)
Basement Not Applicable
Interior
Heating Baseboard, Direct Vent Heater
Cooling None
Flooring Carpet, Laminate, Vinyl, Luxury Vinyl
Exterior
Utilities Available Utilities On
View Trees/Woods
Roof Type Shingle
Garage No
Building
Entry Level Multi-Level
Water Private, Well
Architectural Style Colonial, Split Level
Schools
School District Wells-Ogunquit Csd
Others
Tax ID WLLS-000084-000000-000005
Nearby Locations
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