Closed
$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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Owner options
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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#: 1612603
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
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Sold | $425,000-22.7%$101/sqft |
Source: | ||
| 6/22/2025 | Price change | $550,000-7.6%$131/sqft |
Source: | ||
| 3/20/2025 | Price change | $595,000-8.5%$142/sqft |
Source: | ||
| 1/15/2025 | Listed for sale | $650,000+225%$155/sqft |
Source: | ||
| 2/1/2018 | Sold | $200,000-11.1%$48/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- NADr Lewis S Libby SchoolGrades: PK-8Distance: 0.2 mi

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