Residential Income Property with Flex
107 Berwick Road, Berwick, ME 03901
New
MULTI_FAMILY - Colonial - Berwick, ME
Property size:
4,702 SFLot size:
1.73 AcresPrice / SF:
$191/SF- Added:
- Jun 21, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 27 at 6:06 pm
Property Features for 107 Berwick Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1 & R2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Basement, Bathroom 3
- Parking features
- Off Street, Open
- Patio and Porch features
- Deck
- Interior features
- In-Law Apartment, Shower, Storage
- Basement
- Unfinished, Sump Pump, Full
- Standard status
- Active
- Size
- 4,702 SF
- Lot size
- 1.73 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11096
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Electric (Heating), Baseboard, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1790
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Wood
- Building materials
- Wood Frame, Clapboard, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Nola Cady (207) 337-3534
Listing office Keller Williams Coastal and Lakes & Mountains Realty 1000 US Route 1 Suite 101, Portsmouth, ME (207) 475-0999
Listing date Jun 21, 2026
MLS# 1659746
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Currently rented as a 4‑bedroom home plus a 3‑bedroom apartment, with extra spaces for residential or commercial use.
- Main home originally built circa 1790 (Colonial) with five functional fireplaces and refinished original and new wood floors.
- Extensively rebuilt/updated with electrical, plumbing, insulation, siding, walls, ceilings, and foundational improvements.
- New ell added in 2023 includes a spacious two‑car garage, a well‑appointed apartment, and additional rooms.
- Over 5,000 sq ft of finished space across the main residence and added ell/apartment areas.
- Zoning allows both residential and commercial use, including potential for professional offices, studios, wellness/therapy suites, childcare, or additional units.
Overview
This versatile residential income property is currently rented as a 4-bedroom home and a 3-bedroom apartment, with additional areas that can be adapted for other residential or commercial configurations. The main home, dating to c.1790, has been meticulously rebuilt with quality materials and craftsmanship, including refinished original wood floors and newly added floors through the first two levels. The kitchen and dining area features white cabinetry and black quartz countertops, with two working fireplaces in the home and five functional fireplaces total thanks to a fully rebuilt center chimney. Substantial updates include electrical, plumbing, insulation, siding, walls, ceilings, and foundation improvements, along with two remodeled bathrooms.
In addition, a newly added ell completed in 2023 expands the property’s possibilities. It includes a spacious two-car garage, a well-appointed apartment, and additional rooms that are currently used as bedrooms for the apartment. The property offers more than 5,000 square feet of finished space. Zoned R1 & R2, it supports both residential and commercial use.
With multiple living spaces already in place and zoning that permits residential and commercial use, the property can fit a variety of tenant and operator needs, including arrangements that combine housing with flexible workspace. The property is located at 107 Berwick Road in Berwick, Maine. An open house is scheduled for Saturday, June 20 from 1:00 PM to 3:00 PM.
In addition, a newly added ell completed in 2023 expands the property’s possibilities. It includes a spacious two-car garage, a well-appointed apartment, and additional rooms that are currently used as bedrooms for the apartment. The property offers more than 5,000 square feet of finished space. Zoned R1 & R2, it supports both residential and commercial use.
With multiple living spaces already in place and zoning that permits residential and commercial use, the property can fit a variety of tenant and operator needs, including arrangements that combine housing with flexible workspace. The property is located at 107 Berwick Road in Berwick, Maine. An open house is scheduled for Saturday, June 20 from 1:00 PM to 3:00 PM.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.6k | $25.44 |
| − Vacancy | −$5.9k | −$1.26 |
| EGI | $113.7k | $24.18 |
| − OpEx | −$34.1k | −$7.25 |
| NOI | $79.6k | $16.93 |
4,702 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$995.0K – $1.33M
NOI $79,597 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$1.04M
$908.3K – $1.21M
NOI $72,666 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,336 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Seagrass Gardens
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Berwick
- County
- York
- State
- Maine
- Longitude
- -70.846387
- Latitude
- 43.264515
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey multi-unit property with updated main home and a 2023 ell providing added living and work flexibility.
Where is this duplex located?
The property is located at 107 Berwick Road Berwick, ME.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Currently rented as a 4‑bedroom home plus a 3‑bedroom apartment, with extra spaces for residential or commercial use.; Main home originally built circa 1790 (Colonial) with five functional fireplaces and refinished original and new wood floors.; Extensively rebuilt/updated with electrical, plumbing, insulation, siding, walls, ceilings, and foundational improvements.
