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Two-Building Duplex Property
For Sale
$1,295,000

20 Nautical Lane, Wells, ME 04090

Multi-Family, Wells, ME

Property Size1,920 SF
Lot Size0.18 Acres
Price / SF$674.48
Days on Market19

Property Features for 20 Nautical Lane

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning BB
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 1, Bathroom 3, Basement, Bathroom 2
Patio and Porch features Deck
Basement Unfinished, Walk-Out Access, Full
Lot features Near Country Club, Open, Level, Near Golf Course, Near Public Beach, Near Shopping, Near Town
Standard status Active
Size 1,920 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6152

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating), Zoned
Water source Public
Water front features Ocean Front
Water front 1

Amenities

private decks
ample parking
full basement
laundry facilities

Building Details

Year built 1985
Floors in Building 1
Number of units 4
Flooring type Laminate
Building materials Wood Frame, Wood Siding
Roof type Shingle
Architectural style Ranch
Listing Agency: Anne Erwin Sotheby's International Realty
Listed By: Anne Erwin Real Estate
Added: Aug 14 Changed: Aug 27 Last Checked: Sep 1 at 8:06PM
MLS# 1676234

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.

Located at 20 Nautical Lane in Wells, this oceanfront property includes two wood-frame buildings with a total of four units. Each unit contains two bedrooms, a living room with vaulted ceilings, an open kitchen, a full bathroom, and a private deck. The buildings have laminate flooring, electric zoned baseboard heat, shingle roofs, and a ranch-style configuration. The property was built in 1985 and sits on 0.18 acres.

Additional improvements include a full basement, laundry facilities, public water, public sewer, and ample parking. The furnished units are positioned steps from Wells Beach and benefit from an oceanfront setting. Zoning is BB. The property is offered as-is, and buyers should confirm zoning, classification, and permitted uses with the Town of Wells.

Key Highlights

  • Two buildings containing four units, with each unit offering two bedrooms
  • 0.18‑acre oceanfront property at 20 Nautical Lane, Wells, ME 04090
  • Each unit includes a vaulted living room, open kitchen, full bathroom, and private deck

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Kitchen & Bath Showroom Cafe & Coffee Shop Barber Shop Auto Repair Shop

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

41
Businesses Nearby

Demographics for 04090, ME

11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Four furnished units provide vaulted living rooms, open kitchens, full bathrooms, private decks, laundry, and parking.
Where is this duplex located?
The property is located at 20 Nautical Lane Wells, ME.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two buildings containing four units, with each unit offering two bedrooms; 0.18‑acre oceanfront property at 20 Nautical Lane, Wells, ME 04090; Each unit includes a vaulted living room, open kitchen, full bathroom, and private deck
More about this property
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