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    Turnkey 6-Unit Multifamily Property
    Updated: Jun 28
    Turnkey 6-Unit Multifamily Property

    42 Spruce Street, Sanford, ME 04073

    $675,000
    3,514 sqft
    Turnkey 6‑unit multifamily property with one studio, one 1‑bedroom, and four 2‑bedroom units
    All units have been renovated and are separately metered for electric
    Recent improvements include new roof, vinyl siding, and decks (2025)
    Opportunity to add three additional bedrooms in the attic space if egress is installed—confirm with City of Sanford
    Investment metrics: $675,000 sale price; $112,500 per unit; 8.30% cap rate
    View details
    See what stands out in York County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Sanford, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Building Multifamily Property
    Two-Building Multifamily Property

    23 Elm Street, Milton, NH 03851

    $1,550,000
    6,330 sqft 0.63 AC lot

    Two two-story apartment buildings offer a mix of studio, one-, and three-bedroom units with separate electric metering.

    View details
    Renovated Multifamily Apartment Building
    Renovated Multifamily Apartment Building

    545 & 547 White Mountain Highway, Milton, NH 03851

    $1,099,800
    5,237 sqft

    Renovated apartment building with updated roofs, newer windows, two new heating systems, and unit upgrades including in-unit washer/dryer hookups.

    View details
    Gutted Mixed-Use Building
    Gutted Mixed-Use Building

    25 High Street, Somersworth, NH 03878

    $375,000
    3,640 sqft

    Fully gutted mixed-use building with proposed space for multiple residential units plus ground-level retail/commercial.

    View details
    58-Unit Apartment Portfolio
    58-Unit Apartment Portfolio

    62 Green St, Somersworth, NH 03878

    Contact for pricing

    Five-property multifamily offering with renovated units and a bedroom-oriented unit mix.

    View details

    Off-Market Properties in Sanford, ME

    Consider similar Off-Market properties in Sanford, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    16 Railroad Ave
    Multifamily properties

    16 Railroad Ave, Sanford, ME 04083

    Value Estimation by Request
    2,442 sqft
    View details
    51 Tanguay St
    Multifamily properties

    51 Tanguay St, Sanford, ME 04073

    Value Estimation by Request
    3,474 sqft
    View details

    Sanford, ME Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Sanford, ME on our real estate platform. These investment opportunities span a total of 3,514 square feet of properties for sale, with an estimated market value of $675,000.

    Sale prices for two-family homes in Sanford, ME average $675,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 17K
    Population Growth (5Y) +6.6%
    Median Household Income $69,135
    College Educated 26.6%

    High-Yield Neighborhoods for Investment

    Identify Sanford submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04073 $675K

    Taxes & Financing

    Tax Rate (average for all types) 1.54%
    Property Tax per SF $30.39 per SF
    Tax Rate vs County Average 0.35 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in York County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Sanford fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Sanford, ME

    • 04073

    Featured Sanford Real Estate Agencies

    Realmo connects you with licensed Sanford CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Town Square Realty Group
    4 Washington St. Sanford, ME 04073
    Phone: 12073242860
    www.townsquarerealtygroup.com
    Century 21 Samia Realty
    1137 Main Street Sanford, ME 04073
    Phone: 12073244866
    www.c21samiarealty.com

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