Tastefully updated, this well maintained 2 unit is conveniently located in a commercial zone in Westbrook with great parking potential. It is the perfect investment opportunity for those seeking to break into the thriving real estate market in this up and coming Maine location.
Each apartment is over 1,000 SQ FT with ample storage and features, including exposed brick, architectural arches, and shiplap. There is also the possibility of a potential expansion in a walkup attic.
Whether you're looking to rent as is or bring your imagination to enhance the building, this property offers endless possibilities for growth and return on investment. Let the rent help pay for your expenses and build equity quickly.
Closed
$497,500
12 Spring Street, Westbrook, ME 04092
4beds
2,016sqft
Multi Family
Built in 1900
-- sqft lot
$555,500 Zestimate®
$247/sqft
$2,474 Estimated rent
Home value
$555,500
$522,000 - $589,000
$2,474/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 07:10pm
Listed by:
Signature Homes Real Estate Group, LLC
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1558687
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water
Cooling
- None
Features
- Flooring: Carpet, Tile, Vinyl, Wood
- Basement: Interior Entry,Full
Interior area
- Total structure area: 2,016
- Total interior livable area: 2,016 sqft
- Finished area above ground: 2,016
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved, 1 - 4 Spaces, Detached
- Garage spaces: 1
Lot
- Size: 7,840 sqft
- Features: Business District, Interior Lot, Near Shopping, Near Town, Level
Details
- Parcel number: WSBRM033L113
- Zoning: 16
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Asbestos
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Westbrook
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2023 | Sold | $497,500+4.7%$247/sqft |
Source:  Maine Listings #1558687 Report a problem | ||
| 6/16/2023 | Pending sale | $475,000$236/sqft |
Source: Maine Listings #1558687 Report a problem | ||
| 6/7/2023 | Listed for sale | $475,000$236/sqft |
Source: Maine Listings #1558687 Report a problem | ||
| 5/16/2023 | Pending sale | $475,000$236/sqft |
Source: Maine Listings #1558687 Report a problem | ||
| 5/12/2023 | Listed for sale | $475,000$236/sqft |
Source: Maine Listings #1558687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,287 | $257,000 |
| 2023 | $4,287 +10.3% | $257,000 +19.6% |
| 2022 | $3,888 +1.5% | $214,800 |
Find assessor info on the county website
Neighborhood: 04092
Nearby schools
GreatSchools rating
- 4/10Oxford-Cumberland Canal SchoolGrades: PK-4Distance: 0.5 mi
- 4/10Westbrook Middle SchoolGrades: 5-8Distance: 1.1 mi
- 3/10Westbrook High SchoolGrades: 9-12Distance: 0.4 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$555,500
2% more+ $11,110
With Zillow Showcase(estimated)
$566,610