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  • Listed by: 

    Joe Leddy,

    Duston Leddy Real Estate Cell:603-494-6864

    $1,200,000

    4 Stimson Street, Kittery, ME 03904

    6beds
    6baths
    4,050sqft
    Multi Family
    Built in 1890
    -- sqft lot
    $1,208,000 Zestimate®
    $296/sqft
    $3,984 Estimated rent

    What's special

    Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success

    Zillow last checked: 7 hours ago

    Listing updated: June 06, 2025 at 04:51pm

    Listed by:

    Joe Leddy,

    Duston Leddy Real Estate Cell:603-494-6864

    Bought with:

    Lauren Belaidi

    The Aland Realty Group

    Source: PrimeMLS,MLS#: 5036006MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Partial,Unfinished,Interior Entry
    Interior area
    • Total structure area: 4,050
    • Total interior livable area: 4,050 sqft
    • Finished area above ground: 4,050

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved
    • Garage spaces: 2
    Features
    • Levels: 3
    Lot
    • Size: 0.25 Acres
    • Features: City Lot
    Details
    • Parcel number: KITTM003L023
    • Zoning description: R-U

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Kittery

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

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    $1,208,000
    2% more+ $24,160
    With Zillow Showcase(estimated)
    $1,232,160