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Topsham,ME 04086
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 5,900 sqft
Price per Sqft $156
MLS Listing ID 1634341
Style Colonial,Farmhouse,New Englander
Full Baths 6
Half Baths 1
Year Built 1880
Annual Tax Amount $9,939
Tax Year 2025
Lot Size 1.480 Acres
Property Description
Cash-Flowing 4-Unit with Buildable Lots & New Roof
Investors, developers, and equity-minded buyers—opportunities like this are rare! This unique property includes a cash-flowing 4-unit building plus two additional buildable lots, each with written confirmation from the town that they meet standards to support a duplex with proper permitting and planning. Thinking even bigger? According to Topsham's Multifamily Dwelling Dimensional Requirements, the existing parcel could potentially support up to 24 additional units—an exceptional chance to create workforce housing or dramatically expand your portfolio. With a strong rental history, income potential, and classic farmhouse charm, this property delivers both immediate returns and long-term upside. Recent updates include new electrical breakers, a new hot water tank, and a fully renovated first-floor unit—making it an excellent option for owner-occupants seeking comfort alongside cash flow. Even better, the seller is replacing the asphalt roof in September. All units are currently tenant-occupied, and showings require 24-36 hours' notice.
Location
State ME
County Sagadahoc
Zoning R1
Interior
Heating Zoned,Wood Stove,Hot Water,Baseboard
Cooling None
Flooring Wood,Vinyl,Tile,Carpet
Fireplaces Number 2
Equipment Internet Access Available
Laundry Laundry - 1st Floor,Main Level,Washer Hookup
Exterior
Parking Features 5 - 10 Spaces,Gravel,Paved,Off Street
Garage Spaces 2.0
Utilities Available 1
View Y/N Yes
View Scenic
Roof Type Shingle
Building
Lot Description Well Landscaped,Rolling/Sloping,Pasture/Field,Level,Wooded,Intown,Neighborhood
Story 3
Foundation Stone,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Clapboard,Other,Wood Frame