Unlock rare income potential in Gardiner's historic neighborhood! This fully renovated 2-unit apartment house offers charm, cash flow, and future upside. All within walking distance to parks, the downtown, the Kennebec River Rail Trail, and the river itself.
Each unit is approx. 1,089 sq. ft. and features 2 bedrooms and 1 bath, gleaming hardwood floors, tiled baths, updated kitchens, and in-unit washer & dryers. The second-floor unit even includes a spacious walk-in closet off the primary bedroom, a tenant favorite! All major systems, including heating, plumbing, electrical, kitchen, and baths, were upgraded in 2019.
Long-term leases mean immediate rental income, and the third-floor attic space with one bedroom already built is city-approved for conversion to a 1-bed unit, bringing potential for an extra $1,450/month. Numerous ways to add value make this a smart play for investors and owner-occupants alike.
Outside, enjoy a farmer's porch perfect for relaxing, a stream running through the backyard, and a garage with bonus storage above. Private driveways add convenience for tenants. While the exterior needs paint, the property is priced accordingly, offering a solid opportunity to build equity quickly.
Gardiner remains one of Maine's most desirable spots for its small-town feel, scenic surroundings, and steady rental demand. With a cost of living below the national average and easy access to I-95 and Portland, tenants love calling it home.
Don't miss your chance to see this rare multi-unit before it's gone.
Come envision your next great investment or house hack right here in Gardiner.
Pending
$299,900
117 Dresden Avenue, Gardiner, ME 04345
4beds
2,196sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$305,700 Zestimate®
$137/sqft
$-- HOA
What's special
- 29 days
- on Zillow |
- 1,245 |
- 112 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 11:54am
Listed by:
Tim Dunham Realty 207-729-7297
Source: Maine Listings,MLS#: 1629237

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiator, Hot Water
Cooling
- None
Features
- Flooring: Wood, Vinyl
- Basement: Interior,Full
Interior area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
- Finished area above ground: 2,196
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: 5 - 10 Spaces, Paved, Off Street
- Garage spaces: 1
Lot
- Size: 0.68 Acres
- Features: Open Lot, Level, Sidewalks, Neighborhood, Rural
Details
- Additional structures: Barn(s)
- Parcel number: GARRM031B155
- Zoning: RES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Clapboard, Wood Frame
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Pole
Community & HOA
Location
- Region: Gardiner
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $133,000
- Annual tax amount: $3,405
- Date on market: 7/10/2025
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