Rare Fourplex Opportunity in Wells, Maine - 1646 Branch Road
Investors take notice! This rare four-unit property in desirable Wells, Maine offers strong rental income with additional upside potential. Each unit features 2 bedrooms and 1 full bath, providing an ideal layout for long-term tenants.
Units A & B are heated with efficient kerosene monitor heaters, while Units C & D have been updated with newer Rinnai propane heaters, offering improved efficiency and reliability. One unit will be delivered vacant at closing--perfect for an owner-occupant looking to offset their mortgage or for an investor seeking immediate rent growth.
Current rents are solid with room for improvement, making this a strong value-add opportunity in a high-demand rental market. Conveniently located near area beaches, shopping, and commuter routes, this property combines steady income potential with long-term appreciation in one of Southern Maine's most sought-after communities.
Closed
$815,000
1646 Branch Road, Wells, ME 04090
8beds
3,168sqft
Multi Family
Built in 1974
-- sqft lot
$814,900 Zestimate®
$257/sqft
$2,511 Estimated rent
Home value
$814,900
$766,000 - $864,000
$2,511/mo
Zestimate® history
Owner options
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$2,511/mo
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$2,511/mo
Rent Zestimate®
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$4,036/mo
Est. payment
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$4,036/mo
Est. payment
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Newer rinnai propane heatersEfficient kerosene monitor heaters
Zillow last checked:
Listing updated:
Listed by:
River's Edge Realty LLC
Bought with:
The Maine Real Estate Experience
Source: Maine Listings,MLS#: 1653362
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Direct Vent Heater
Cooling
- None
Features
- Flooring: Carpet, Laminate, Vinyl, Luxury Vinyl
- Basement: None
Interior area
- Total structure area: 3,168
- Total interior livable area: 3,168 sqft
- Finished area above ground: 3,168
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 11 - 20 Spaces, On Site, Off Street
Features
- Levels: Multi/Split
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.64 Acres
- Features: Abuts Conservation, Rural, Level, Wooded
Details
- Additional structures: Shed(s)
- Parcel number: WLLSM084L5
- Zoning: R
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,Split Level
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1974
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Septic Tank
- Water: Private, Well
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Wells
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Pending sale | $849,999+4.3%$268/sqft |
Source:  Maine Listings #1653362 Report a problem | ||
| 6/19/2026 | Sold | $815,000-4.1%$257/sqft |
Source: Maine Listings #1653362 Report a problem | ||
| 3/21/2026 | Contingent | $849,999$268/sqft |
Source: Maine Listings #1653362 Report a problem | ||
| 3/5/2026 | Price change | $849,999+13.3%$268/sqft |
Source: Maine Listings #1653362 Report a problem | ||
| 10/7/2024 | Pending sale | $749,900-6.3%$237/sqft |
Source: Maine Listings #1602381 Report a problem | ||
| 10/4/2024 | Sold | $800,000+6.7%$253/sqft |
Source: Maine Listings #1602381 Report a problem | ||
| 9/10/2024 | Contingent | $749,900$237/sqft |
Source: Maine Listings #1602380 Report a problem | ||
| 9/2/2024 | Listed for sale | $749,900$237/sqft |
Source: Maine Listings #1602380 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,042 +2% | $500,250 |
| 2023 | $2,981 -17.9% | $500,250 +44.1% |
| 2022 | $3,631 -0.5% | $347,100 |
| 2021 | $3,651 +0.4% | $347,100 |
| 2020 | $3,638 +2.1% | $347,100 +1.5% |
| 2019 | $3,562 +1% | $341,870 |
| 2018 | $3,528 +1.6% | $341,870 |
| 2017 | $3,473 +1% | $341,870 |
| 2016 | $3,439 +1.1% | $341,870 |
| 2015 | $3,402 +9.2% | $341,870 +0.1% |
| 2013 | $3,115 +1.2% | $341,560 -4.2% |
| 2012 | $3,078 | $356,670 |
| 2011 | $3,078 +3.6% | $356,670 |
| 2009 | $2,971 +1.3% | $356,670 |
| 2008 | $2,932 +95.1% | $356,670 +87.2% |
| 2005 | $1,503 | $190,480 |
Find assessor info on the county website
Neighborhood: 04090
Nearby schools
GreatSchools rating
- 9/10Wells Elementary SchoolGrades: K-4Distance: 4 mi
- 8/10Wells Junior High SchoolGrades: 5-8Distance: 4.1 mi
- 8/10Wells High SchoolGrades: 9-12Distance: 4.1 mi
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$814,900
2% more
+$16,298
With Zillow Showcase(estimated)
$831,198
- Maine
- York County
- Wells
- 04090
- 1646 Branch Road
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