Located in the heart of Old Town and just minutes from the University of Maine, this well-maintained 2-unit apartment building offers the perfect blend of investment potential and personal use. Whether you're a first-time homebuyer looking to offset your mortgage with rental income, or a parent seeking safe, affordable housing for your student, this is a smart and versatile opportunity.
The spacious first-floor unit features 3 bedrooms and 1 full bath, complete with a washer and dryer, making it move-in ready for an owner-occupant or tenant. The second-floor unit offers 2 bedrooms and 1 bath, ideal for additional rental income or student housing.
Enjoy a paved driveway and ample off-street parking for both units. Many of the property's major systems have been updated over the years, giving peace of mind to buyers. The building is in great condition and shows pride of ownership throughout.
With the University so close, rental demand in the area is strong and steady. This is a rare chance to build equity, reduce monthly housing costs, and own a property in one of Old Town's most convenient locations.
Closed
$270,000
395 Fourth Street, Old Town, ME 04468
5beds
2,100sqft
Multi Family
Built in 1900
-- sqft lot
$270,000 Zestimate®
$129/sqft
$2,289 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 11:47am
Listed by:
United Country Lifestyle Properties of Maine 207-794-6164
Bought with:
NextHome Experience
NextHome Experience
Source: Maine Listings,MLS#: 1626063

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water, Baseboard
Cooling
- None
Features
- Pantry
- Flooring: Laminate
- Basement: Dirt Floor,Full,Exterior Only
- Has fireplace: No
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
- Finished area above ground: 2,100
- Finished area below ground: 0
Property
Parking
- Parking features: 1 - 4 Spaces, Paved
Features
- Stories: 2
Lot
- Size: 6,969 sqft
- Features: Level, City Lot
Details
- Parcel number: OLDNM026L221
- Zoning: General Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Stone, Granite, Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Old Town
Other
Other facts
- Road surface type: Paved
Services availability

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