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    6 Otis St Searsport, ME 04974

    For Sale
    $359,000

    MULTI_FAMILY - Cape Cod, Cottage - Searsport, ME

    Property size:
    1,344 SF
    Lot size:
    0.09 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 6 Otis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com w/ Residential.
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Parking features
    Off Street
    Pets allowed
    Size Limit
    Interior features
    In-Law Apartment, 1st Floor Bedroom, Bathtub, Primary Bedroom w/Bath
    Basement
    Crawl Space, Dirt Floor, Sump Pump
    Appliances
    ENERGY STAR Qualified Appliances
    Size
    1,344 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Other (Heating), Baseboard, Zoned
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Wood, Laminate, Vinyl
    Building materials
    Shingle Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Cottage, Cape Cod

    Better Homes and Gardens Real Estate The Masiello Group (603) 283-1914 [email protected]

    Listing agent Michelle Ridley (207) 338-3500

    Listing date Nov 25, 2025

    MLS# 1636415 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. 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 Multi-Family Investment Opportunity

    This multi-family property is located in downtown Searsport, Maine, near restaurants, a brewery, a candy shop, and a grocery store. Mosman Park, the oceanfront, and the boat landing are easily accessible. The property features two residential units. The first unit is a 2-bedroom space filled with natural light. The second unit is a 1-bedroom space. The property offers the option to live in one unit and rent the other, or run a small business from one of the units. The location is suitable for a home-office setup. The property maintains a tranquil ambiance, despite being in the heart of Searsport. The property size is 1,344 square feet and the lot size is 0.09 acres. The property is zoned for commercial with residential use. The seller lives in one unit and has started to rent the one-bedroom unit as an Air BnB for $1,500 a 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
    -68.927443
    Latitude
    44.45911

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    FAQs

    What type of property is this?
    Duplex - Charming, fully furnished multi-family property in revitalized downtown Searsport.
    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: - Prime location in the revitalized downtown Searsport, steps from restaurants, shops, and amenities.; - Multi-family property featuring a spacious 2-bedroom and a cozy 1-bedroom, offering flexible living arrangements.; - Fully furnished units ready for immediate occupancy or rental.
    (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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