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$699,000

For Sale

25 days ago

7 Garfield Street, Saco, ME

House

MLS® 1660328

0 Bed

3 Bath

2314 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2314 sqft
Garage 
Taxes $5,552
Days Active 24
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $302
MLS® Number 1660328

Property Address: 7 Garfield Street, Saco, ME, 04072

Average square foot calculated using Size range provided by listing agent.

Description

This is the kind of property for both today's income and tomorrow's potential... and those are getting harder to find. Beyond the existing income, the real upside is in the zoning. The property allows for up to 6 total units, and prior engineering and planning board approval in 2022 supports additional development potential. Buyer to verify current status with the town, approval expired 2/18/24. Set on a .75 acre lot in a convenient Saco location, this two unit property delivers immediate cash flow, flexibility, and future upside. Unit 1 spans 1, 800 sqft with a 3 to 4 bedroom layout and 2 full baths, currently occupied by a long term tenant paying 2, 200 per month. The layout includes first floor living with additional space upstairs, creating a setup that is both functional and highly livable. Unit 2 is 600 sqft and has been fully renovated within the past year with a new kitchen, bathroom, flooring, and in unit washer and dryer. Previously rented at 1, 450 per month, it is now vacant and ready for immediate occupancy or rental. The property also includes a full basement for major systems, a paved driveway, and ample parking. Located just minutes from downtown Saco, local restaurants, shopping, and the Maine coastline including Ferry Beach and Camp Ellis, with easy access to Route 1 and I 95 for commuting to Portland and surrounding areas. A property that works on multiple levels, from immediate income to long term development potential in a market where demand continues to grow.
MLS® Number1660328
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
BasementBulkhead, Interior Entry
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 2, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
7 Garfield Street, Saco, ME

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