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Three-Unit Ranch Triplex
For Sale
$359,000

15 Lovewell Pond Road, Fryeburg, ME 04037

Multi-Family, Fryeburg, ME

Property Size2,340 SF
Lot Size1.26 Acres
Price / SF$153.42
Days on Market86

Property Features for 15 Lovewell Pond Road

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning R
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Basement, Bathroom 2, Bathroom 3
Patio and Porch features Porch
Interior features 1st Floor Bedroom, Bathtub, Shower, Storage
Basement Full
Lot features Open, Level, Wooded, Intown
Standard status Active
Size 2,340 SF
Lot size 1.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3739

Utilities

Sewer type Septic Tank, Private Sewer
Heating system Propane (Heating)
Water source Public

Building Details

Year built 1980
Number of units 3
Flooring type Laminate, Carpet
Building materials Wood Frame, Vinyl Siding
Roof type Metal
Architectural style Ranch
Additional Structures Storage
Listing Agency: Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
Listed By: Shawn King
Added: Jul 13 Changed: Sep 28 Last Checked: Oct 6 at 7:06AM
MLS# 1663423

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.

Investment Insights

Based on property information with market context.

This three-unit ranch property contains two one-bedroom apartments and a studio apartment. The one-bedroom units include finished basement areas for additional living or recreation space, while the studio has storage below. An unfinished heated basement provides further storage or workshop area. The property includes a porch, laminate and carpet flooring, propane heat, a metal roof, wood-frame construction, and vinyl siding.

Located at 15 Lovewell Pond Road in Fryeburg, the property sits on 1.26 acres with mature trees and an expansive yard. Fryeburg Academy, the town center, shopping, and local restaurants are within a short walk. The building was constructed in 1980, measures 2340 square feet, and has R zoning, public water, and private sewer with a septic tank.

Key Highlights

  • Three‑unit layout with two one‑bedroom apartments and one studio
  • 2340 square feet situated on 1.26 acres
  • Finished basement areas plus an unfinished heated basement

Property Analytics

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Current Use

AC'S ODD JOB'S ... General Contractor

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 04037, ME

3,762
Population
2,193
Households
1.7
Avg Household Size
47
Median Age
22%
College-Educated
93%
High-School Grad
81.7 sq mi
ZIP Area
46
Density / Sq Mi
$52,135
Median Household Income
$29,649
Median Earnings
$870
Median Rent
$261,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Two one-bedroom apartments and a studio offer basement space, storage, and a wooded acreage setting.
Where is this triplex located?
The property is located at 15 Lovewell Pond Road Fryeburg, ME.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Three‑unit layout with two one‑bedroom apartments and one studio; 2340 square feet situated on 1.26 acres; Finished basement areas plus an unfinished heated basement
More about this property
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