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  • $682,000

    7 Vernon Street, Saco, ME 04072

    4beds
    2,315sqft
    Multi Family
    Built in 1849
    -- sqft lot
    $671,000 Zestimate®
    $295/sqft
    $1,930 Estimated rent

    Home value

    $671,000

    $617,000 - $725,000

    $1,930/mo

    Zestimate® history
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    $1,930/mo

    Rent Zestimate®

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    $3,372/mo

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    $3,372/mo

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    What's special

    Stunning Fully Renovated Multi-Unit Property in Prime Downtown Location This exceptional multi-unit property has undergone a complete transformation after a fire in 2023, with every detail meticulously renovated down to the studs. Featuring two spacious, beautifully designed units, each with 2 bedrooms, this home combines modern luxury with lasting durability. Located in a lovely downtown area, this property offers the perfect balance of convenience and charm. Thorton Academy and the Eastern Trail is just 0.4 miles away, providing easy access to outdoor recreation and scenic views. With high-end finishes throughout, both units offer stylish interiors, open floor plans, and an abundance of natural light. The property is perfect for both year-round living or as a lucrative seasonal investment. This turn-key property is an ideal choice for anyone looking to invest in a beautifully renovated space with strong rental potential and an unbeatable location. Don't miss out on the chance to own this stunning property! One unit is currently rented for $2,250 per month during the off-season, while it generated a significant income. Last summer, the owner earned over $19,000 from June to October, making this a fantastic income-generating opportunity. One side is owner occupied, the other side has only been rented since June. This property goes live on Thursday, but showings don't start until Friday at noon. Open Houses are both Saturday and Sunday 11:00-1:00 - Offer Deadline Monday 5:00 p.m. (Please be cautious not to let the 2 cats out of the back unit when viewing.)

    Zillow last checked: 8 hours ago

    Listing updated: April 02, 2025 at 09:35am

    Listed by:

    Portside Real Estate Group

    Bought with:

    Peninsula Real Estate LLC

    Source: Maine Listings,MLS#: 1615422MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Heat Pump, Other
    Cooling
    • Heat Pump
    Features
    • Flooring: Tile, Wood
    • Basement: Interior Entry,Full,Unfinished
    Interior area
    • Total structure area: 2,315
    • Total interior livable area: 2,315 sqft
    • Finished area above ground: 2,315
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Common, Paved, 1 - 4 Spaces, Off Street, Detached
    • Has garage: Yes
    Lot
    • Size: 3,920 sqft
    • Features: Historic District, City Lot, Near Turnpike/Interstate, Near Town, Neighborhood, Sidewalks
    Details
    • Parcel number: SACOM039L022U000000
    • Zoning: HDR

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Clapboard, Wood Siding
    • Foundation: Block
    • Roof: Composition,Shingle
    Condition
    • Year built: 1849

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Saco

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/1/2025Sold$682,000+15.8%$295/sqft
    Source: Maine Listings #1615422
    3/11/2025Pending sale$589,000$254/sqft
    Source: Maine Listings #1615422
    3/6/2025Listed for sale$589,000+20.7%$254/sqft
    Source: Maine Listings #1615422
    7/12/2022Sold$488,000+14.8%$211/sqft
    Source: Maine Listings #1531365
    6/14/2022Pending sale$425,000$184/sqft
    Source: Maine Listings #1531365

    Public tax history

    YearProperty taxesTax assessment
    2024$5,042 $341,800
    2023$5,042 +34.5%$341,800 +67.1%
    2022$3,750 +12.3%$204,600 +15.7%

    Find assessor info on the county website

    Neighborhood: 04072

    Nearby schools

    GreatSchools rating
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