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Active under contract
  • $995,000

    309 Sanford Road, Wells, ME 04090

    10beds
    4,640sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $953,200 Zestimate®
    $214/sqft
    $-- HOA

    What's special

    Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.
    54 days
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    54
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    CENTURY 21 Atlantic Realty

    Source: Maine Listings,MLS#: 1653538MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • Flooring: Carpet, Vinyl
      Interior area
      • Total structure area: 4,640
      • Total interior livable area: 4,640 sqft
      • Finished area above ground: 4,640
      • Finished area below ground: 0

      Property

      Features
      • Stories: 2
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 3.14 Acres
      Details
      • Parcel number: WLLSM133L7
      • Zoning: RC

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial
      • Property subtype: Multi Family
      Materials
      • Roof: Shingle
      Condition
      • Year built: 1977

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Location
      • Region: Wells

      Financial & listing details

      • Price per square foot: $214/sqft
      • Tax assessed value: $648,470
      • Annual tax amount: $4,189
      • Date on market: 3/13/2026

        Estimated market value

        $953,200

        $906,000 - $1.00M

        $2,808/mo

        Price history

        DateEventPrice
        3/31/2026Contingent$995,000$214/sqft
        Source: Maine Listings #1653538 Report a problem
        3/13/2026Listed for sale$995,000+31.8%$214/sqft
        Source: Maine Listings #1653538 Report a problem
        12/3/2021Sold$755,000$163/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,943 +2%$648,470
        2023$3,865 -13.9%$648,470 +51%
        2022$4,491 -0.6%$429,370
        2021$4,517 +0.4%$429,370
        2020$4,500 +5.9%$429,370 +5.3%
        2019$4,251 +2.9%$407,930 +1.9%
        2018$4,131 +1.6%$400,270
        2017$4,067 +1%$400,270
        2016$4,027 +1.1%$400,270
        2015$3,983 +9.1%$400,270
        2013$3,650 +1.4%$400,270 -4%
        2012$3,598 $416,920
        2011$3,598 +3.6%$416,920
        2009$3,473 +1.3%$416,920
        2008$3,427 +39.8%$416,920 +34.1%
        2005$2,452 $310,790

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $5,852/mo
        Principal & interest
        $5131
        Property taxes
        $721
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          Climate risks

          Neighborhood: 04090

          Getting around

          19 / 100
          Car-Dependent
          31 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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