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Pending
  • Price cut: $10K (4/2)
    $399,000

    1 N Main Street, Mechanic Falls, ME 04256

    8beds
    2,800sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $390,700 Zestimate®
    $143/sqft
    $-- HOA

    What's special

    On the riverNew roof
    Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
    51 days
    on Zillow
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    191
    |
    1
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    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 07:07pm

    Listed by:

    Bearfoot Realty

    Source: Maine Listings,MLS#: 1615581MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Hot Water, Baseboard
    Cooling
    • None
    Appliances
    • Laundry: Washer Hookup
    Features
    • 1st Floor Bedroom, Attic
    • Flooring: Wood, Vinyl, Laminate
    • Basement: Walk-Out Access,Full,Exterior Only
    Interior area
    • Total structure area: 2,800
    • Total interior livable area: 2,800 sqft
    • Finished area above ground: 2,800
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 1 - 4 Spaces, Gravel, Common, Off Street, On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: 36+ Inch Doors, Accessible Approach with Ramp
    Features
    • Waterfront features: River Front
    • Body of water: Little Androscoggin River
    Lot
    • Size: 1,742.4 Square Feet
    • Features: Corner Lot, Sidewalks, City Lot, Near Shopping
    Details
    • Additional structures: Shed(s)
    • Zoning: Downtown Business
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding, Wood Frame
    • Foundation: Granite, Concrete Perimeter, Brick/Mortar
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: On Site, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Mechanic Falls

    Financial & listing details

    • Price per square foot: $143/sqft
    • Annual tax amount: $4,438
    • Date on market: 3/6/2025
    • Electric utility on property: Yes
    • Road surface type: Paved
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