Active under contract

Price increase: $100.1K (3/5)

$849,999

1646 Branch Road, Wells, ME 04090

8beds

3,168sqft

Est.:

Multi Family

Built in 1974

-- sqft lot

$830,800 Zestimate^®

$268/sqft

$-- HOA

What's special

Newer rinnai propane heatersEfficient kerosene monitor heaters

Rare Fourplex Opportunity in Wells, Maine - 1646 Branch Road 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.

29 days

1,512

49

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Direct Vent Heater

Cooling

None

Features

Flooring: Carpet, Laminate, Vinyl, Luxury Vinyl

Interior area

Total structure area: 3,168
Total interior livable area: 3,168 sqft
Finished area above ground: 3,168
Finished area below ground: 0

Property

Features

Levels: Multi/Split
Has view: Yes
View description: Trees/Woods

Lot

Size: 0.64 Acres

Details

Additional structures: Shed(s)
Parcel number: WLLSM084L5
Zoning: R

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial,Split Level
Property subtype: Multi Family

Materials

Roof: Shingle

Condition

Year built: 1974

Utilities & green energy

Electric: Circuit Breakers
Sewer: Private Sewer, Septic Tank
Water: Private, Well
Utilities for property: Utilities On

Community & HOA

Location

Region: Wells

Financial & listing details

Price per square foot: $268/sqft
Tax assessed value: $500,250
Annual tax amount: $3,905
Date on market: 3/5/2026

Estimated market value

$830,800

$789,000 - $872,000

$1,551/mo

Price history

Date	Event	Price
3/21/2026	Contingent	$849,999$268/sqft
Source: Maine Listings #1653362 Report a problem
3/5/2026	Price change	$849,999+13.3%$268/sqft
Source: Maine Listings #1653362 Report a problem
10/7/2024	Pending sale	$749,900-6.3%$237/sqft
Source: Maine Listings #1602381 Report a problem
10/4/2024	Sold	$800,000+6.7%$253/sqft
Source: Maine Listings #1602381 Report a problem
9/10/2024	Contingent	$749,900$237/sqft
Source: Maine Listings #1602380 Report a problem
9/2/2024	Listed for sale	$749,900$237/sqft
Source: Maine Listings #1602380 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,042 +2%	$500,250
2023	$2,981 -17.9%	$500,250 +44.1%
2022	$3,631 -0.5%	$347,100
2021	$3,651 +0.4%	$347,100
2020	$3,638 +2.1%	$347,100 +1.5%
2019	$3,562 +1%	$341,870
2018	$3,528 +1.6%	$341,870
2017	$3,473 +1%	$341,870
2016	$3,439 +1.1%	$341,870
2015	$3,402 +9.2%	$341,870 +0.1%
2013	$3,115 +1.2%	$341,560 -4.2%
2012	$3,078	$356,670
2011	$3,078 +3.6%	$356,670
2009	$2,971 +1.3%	$356,670
2008	$2,932 +95.1%	$356,670 +87.2%
2005	$1,503	$190,480