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  • $425,000

    88 Main Road, Milford, ME 04461

    11beds
    4,200sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $515,100 Zestimate®
    $101/sqft
    $1,475 Estimated rent

    Home value

    $515,100

    $489,000 - $541,000

    $1,475/mo

    Zestimate® history
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    $2,165/mo

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    What's special

    This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort. Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place. Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.

    Zillow last checked: 8 hours ago

    Listing updated: September 15, 2025 at 07:52am

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group

    Bought with:

    ERA Dawson-Bradford Co.

    Source: Maine Listings,MLS#: 1612603MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Baseboard, Direct Vent Heater, Heat Pump
    Cooling
    • Heat Pump
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Interior Entry,Dirt Floor,Other
    Interior area
    • Total structure area: 4,200
    • Total interior livable area: 4,200 sqft
    • Finished area above ground: 4,200
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Off Street
    Features
    • Levels: Multi/Split
    Lot
    • Size: 6,098 sqft
    • Features: City Lot, Near Shopping, Level, Sidewalks
    Details
    • Parcel number: MILDM023B100
    • Zoning: Village

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Stone, Brick/Mortar
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Milford

    Other

    Other facts
    • Listing terms: 1031 Exchange

    Price history

    DateEventPrice
    9/11/2025Sold$425,000-22.7%$101/sqft
    Source: Maine Listings #1612603
    6/22/2025Price change$550,000-7.6%$131/sqft
    Source: Maine Listings #1612603
    3/20/2025Price change$595,000-8.5%$142/sqft
    Source: Maine Listings #1612603
    1/15/2025Listed for sale$650,000+225%$155/sqft
    Source: Maine Listings #1612603
    2/1/2018Sold$200,000-11.1%$48/sqft
    Source: Maine Listings #1311213

    Public tax history

    YearProperty taxesTax assessment
    2024$3,500 +4.8%$159,100
    2023$3,341 +16.7%$159,100
    2022$2,864 $159,100

    Find assessor info on the county website

    Neighborhood: 04461

    Nearby schools

    GreatSchools rating
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