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
Closed
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
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#: 5036006

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