Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
Closed
$399,000
1 N Main Street, Mechanic Falls, ME 04256
8beds
2,800sqft
Multi Family
Built in 1900
-- sqft lot
$409,100 Zestimate®
$143/sqft
$1,434 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 23, 2025 at 05:03am
Listed by:
Bearfoot Realty
Bought with:
Coldwell Banker Realty
Source: Maine Listings,MLS#: 1615581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- 1st Floor Bedroom, Attic
- Flooring: Laminate, Vinyl, Wood
- Basement: Exterior Entry,Walk-Out Access,Full
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
- Finished area above ground: 2,800
- Finished area below ground: 0
Property
Parking
- Parking features: Common, Gravel, 1 - 4 Spaces, Assigned, Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 36+ Inch Doors
Features
- Body of water: Little Androscoggin River
Lot
- Size: 1,742 sqft
- Features: Business District, City Lot, Near Shopping, Corner Lot, Sidewalks
Details
- Additional structures: Shed(s)
- Zoning: Downtown Business
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Granite, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Mechanic Falls
Other
Other facts
- Road surface type: Paved