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  • Listed by: 

    Joe Leddy,

    Duston Leddy Real Estate Cell:603-494-6864

    $1,300,000

    4 Stimson Street, Kittery, ME 03904

    6beds
    6baths
    4,050sqft
    : 
    Multi Family
    Built in 1890
    -- sqft lot
    $1,242,700 Zestimate®
    $321/sqft
    $-- HOA

    What's special

    Drive-under garagesHardwood floorsFull unfinished basementUpdated finishesSecure parkingGenerous off-street parkingAdditional storage space
    Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success
    14 days
    on Zillow
    |
    2,023
    |
    79
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    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 04:40pm

    Listed by:

    Joe Leddy,

    Duston Leddy Real Estate Cell:603-494-6864

    Source: PrimeMLS,MLS#: 5036006MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 4 Stimson Street.

    Next available tour time:Today at 12:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Partial,Unfinished,Interior Entry
    Interior area
    • Total structure area: 4,050
    • Total interior livable area: 4,050 sqft
    • Finished area above ground: 4,050

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved
    • Garage spaces: 2
    Features
    • Levels: 3
    Lot
    • Size: 0.25 Acres
    • Features: City Lot
    Details
    • Parcel number: KITTM003L023
    • Zoning description: R-U

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Other

    Community & HOA

    Location
    • Region: Kittery

    Financial & listing details

    • Price per square foot: $321/sqft
    • Tax assessed value: $659,400
    • Annual tax amount: $9,363
    • Date on market: 4/11/2025
    • Road surface type: Paved
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