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    6 Otis St Searsport, ME 04974

    For Sale
    $359,000

    Multiple - Searsport, ME

    Property size:
    1,344 SF
    Lot size:
    3,920.00 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 6 Otis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Size
    1,344 SF
    Lot size
    3,920.00 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Other (Heating), Zoned (Heating)

    Building Details

    Year built
    1920
    Flooring type
    Laminate, Vinyl, Wood
    Roof type
    Shingle
    Architectural style
    Other

    Better Homes and Gardens-The Masiello Group (800) 741-1540 [email protected]

    Listing agent Michelle Ridley (207) 338-3500

    Listing date Nov 27, 2025

    MLS# 1636415 Listing URL

    Copyright © 2025 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Searsport Multifamily Property For Sale

    This multifamily property is nestled in the heart of the beautifully restored downtown Searsport. The property consists of two residential units. The first is a spacious 2-bedroom unit, filled with natural light. The second is a cozy 1-bedroom unit. The property offers a multitude of possibilities, such as living in one unit and renting the other, or running a small business from the second unit. The central location is perfect for a home-office setup, offering the chance to be part of the thriving downtown community. The property retains a remarkably tranquil ambiance, offering an escape from traffic noise. The property is steps away from businesses including restaurants, a local brewery, a candy shop, and a grocery store. Mosman Park, the oceanfront, and the boat landing are easily accessible. The downtown area has lit-up sidewalks. The property is fully furnished. The lot size is approximately 0.09 acres. The property contains 1,344 square feet. One unit is currently being used as an Air BnB, generating $1,500 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Searsport
    County
    Waldo
    State
    Maine
    Longitude
    -68.927483
    Latitude
    44.459198

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    FAQs

    What type of property is this?
    Duplex - Charming, fully furnished multifamily property in revitalized downtown Searsport, Maine.
    Where is this duplex located?
    The property is located at 6 Otis St Searsport, 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: - Fully furnished multi-family property in the heart of revitalized downtown Searsport.; - Steps away from restaurants, brewery, shops, grocery store, oceanfront, and boat landing.; - **Two residential units: a spacious 2-bedroom and a cozy 1-bedroom.**
    (207) 338-3500
    Request Owner's contact information
    6 Otis St Searsport, ME 04974
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    Searsport, ME 04974
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6 Otis St Searsport, ME 04974
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