INVESTORS TAKE NOTICE! Fully rented 3 Unit apartment building, with potential for store front and/or additional storage and garage commercial space. Two units freshly renovated/built within past two years. Property includes enough acreage to add more rentals with existing unused well already established. Layout features two 2 bedrooms/1-bathroom units and a 1 bedroom/1 bathroom unit. All units fully equipped with washer/dryer, stove, and fridge.
Closed
$297,500
877 Indian River Road, Addison, ME 04606
5beds
3,800sqft
Multi Family
Built in 1974
-- sqft lot
$319,700 Zestimate®
$78/sqft
$1,479 Estimated rent
Home value
$319,700
$275,000 - $368,000
$1,479/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 07:10pm
Listed by:
Better Homes & Gardens Real Estate/The Masiello Group
Bought with:
NextHome Coast2Coast
Source: Maine Listings,MLS#: 1556647
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Direct Vent Heater, Forced Air
Cooling
- None
Features
- Flooring: Laminate, Wood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
- Finished area above ground: 3,800
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved, 21+ Spaces, On Site, Carport, Detached
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: Level Entry
Features
- Levels: Multi/Split
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 3.70 Acres
- Features: Rural, Level, Open Lot, Wooded
Details
- Parcel number: ADDIM012L0351
- Zoning: RES/COMM
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding, Wood Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Year built: 1974
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Septic Tank
- Water: Private, Well
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Addison
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2023 | Sold | $297,500-7%$78/sqft |
Source:  Maine Listings #1556647 | ||
| 4/23/2023 | Pending sale | $320,000$84/sqft |
Source: Maine Listings #1556647 | ||
| 4/20/2023 | Listed for sale | $320,000+220%$84/sqft |
Source: Maine Listings #1556647 | ||
| 12/31/2020 | Listing removed | -- |
Source:  Maine Listings | ||
| 10/6/2020 | Price change | $100,000-25.9%$26/sqft |
Source: Realty of Maine #1455565 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $1,159 +5.5% | $67,300 +1.7% |
| 2022 | $1,099 | $66,200 |
| 2021 | $1,099 +6.3% | $66,200 +2.5% |
Find assessor info on the county website
Neighborhood: 04606
Nearby schools
GreatSchools rating
- 3/10Daniel W Merritt SchoolGrades: PK-6Distance: 1.7 mi
- 2/10Narraguagus High SchoolGrades: 7-12Distance: 6.9 mi
- 5/10Harrington Elementary SchoolGrades: PK-6Distance: 6.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.