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.
Active
Price cut: $55K (3/20)
$595,000
88 Main Road, Milford, ME 04461
11beds
4,200sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$557,400 Zestimate®
$142/sqft
$-- HOA
What's special
New floorsNew vinyl sidingPropane rinnai heatModern heat pumps
- 100 days
- on Zillow |
- 162 |
- 2 |
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#: 1612603

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
- Loading
- Loading