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  • Price cut: $55K (3/20)
    $595,000

    88 Main Road, Milford, ME 04461

    11beds
    4,200sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $557,400 Zestimate®
    $142/sqft
    $-- HOA

    What's special

    New floorsNew vinyl sidingPropane rinnai heatModern heat pumps
    This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort. Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place. Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
    100 days
    on Zillow
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    162
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: April 15, 2025 at 04:54am

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group

    Source: Maine Listings,MLS#: 1612603MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 88 Main Road.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Heat Pump, Direct Vent Heater, Baseboard
    Cooling
    • Heat Pump
    Features
    • Flooring: Vinyl, Carpet
    • Basement: Dirt Floor,Other
    Interior area
    • Total structure area: 4,200
    • Total interior livable area: 4,200 sqft
    • Finished area above ground: 4,200
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Off Street
    Lot
    • Size: 6,098.4 Square Feet
    • Features: Level, Sidewalks, City Lot, Near Shopping
    Details
    • Parcel number: MILDM023B100
    • Zoning: Village

    Construction

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

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Milford

    Financial & listing details

    • Price per square foot: $142/sqft
    • Tax assessed value: $159,100
    • Annual tax amount: $3,341
    • Date on market: 1/15/2025
    • Listing terms: 1031 Exchange
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