Active under contract

Price cut: $50K (10/23)

$450,000

44 Memory Lane Lane, Arundel, ME 04046

4beds

1,760sqft

Est.:

Multi Family

Built in 1996

-- sqft lot

$-- Zestimate^®

$256/sqft

$-- HOA

What's special

Functional layoutsExpansive landLarge lotOutdoor activitiesPrivacy and ample space

Discover an incredible opportunity with this 2-unit duplex on a sprawling 7.83-acre lot. This property offers more than just comfortable living—it's a smart, high-yield investment. Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development.

77 days

44

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water

Cooling

None

Features

1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage
Flooring: Laminate, Tile, Vinyl
Basement: None

Interior area

Total structure area: 1,760
Total interior livable area: 1,760 sqft
Finished area above ground: 1,760
Finished area below ground: 0

Property

Parking

Parking features: Gravel, Other, 5 - 10 Spaces

Features

Levels: Multi/Split
Stories: 2
Patio & porch: Deck

Lot

Size: 7.83 Acres
Features: Near Turnpike/Interstate, Near Town, Rural, Level

Details

Parcel number: ARUNM001L020
Zoning: R-3
Other equipment: Cable

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Roof: Shingle

Condition

Year built: 1996

Utilities & green energy

Electric: Circuit Breakers
Sewer: Private Sewer
Water: Private

Community & HOA

Location

Region: Arundel

Financial & listing details

Price per square foot: $256/sqft
Tax assessed value: $181,100
Annual tax amount: $3,079
Date on market: 9/27/2025
Road surface type: Gravel, Dirt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/29/2025	Contingent	$450,000$256/sqft
Source: Maine Listings #1639097 Report a problem
10/23/2025	Price change	$450,000-10%$256/sqft
Source: Maine Listings #1639097 Report a problem
10/6/2025	Price change	$500,000-4.8%$284/sqft
Source: Maine Listings #1639097 Report a problem
9/28/2025	Listed for sale	$525,000+16.7%$298/sqft
Source: Maine Listings #1639097 Report a problem
1/19/2025	Listing removed	$450,000$256/sqft
Source: Maine Listings #1608923 Report a problem