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$995,000

For Sale

7 days ago

MLS® 1653538

0 Bed

6 Bath

4640 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 4640 sqft
Garage No
HOA Fees 
Taxes $4,189
Days Active 7
Approx. Age 1977
Avg. Price Per Sqft $214
MLS® Number 1653538

Property Address: 309 Sanford Road, Wells, ME, 04090

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

Description

Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.
MLS® Number1653538
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLaundry - Coin
Exposure
Exterior
GarageNo
Approx. Age1977
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
309 Sanford Road, Wells, ME

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