Mixed-Use Residential Income
107 Berwick Road, Berwick, ME 03901
MULTI_FAMILY - Colonial - Berwick, ME
Property size:
4,702 SFLot size:
1.73 AcresPrice / SF:
$211/SF- Added:
- Jun 5, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 14 at 2:06 pm
Property Features for 107 Berwick Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1 & R2
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Basement
- 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
- Baseboard, Oil, Hot Water(Heating), Electric (Heating), 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 5, 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
- Main home built c.1790 with Colonial style and metal roof.
- Property offers 2.5 remodeled bathrooms and wood floors (refinished originals and new).
- Five functional fireplaces, including a fully rebuilt center chimney; two fireplaces in the kitchen/dining area.
- New ell added in 2023 expands the layout with a spacious two‑car garage and added apartment/rooms.
- Currently configured as a 4‑bedroom home and 3‑bedroom apartment, with flexible additional spaces.
- Over 5,000 sq ft of finished space with public water and public sewer; zoning allows residential and commercial use.
Overview
This flexible income property is currently rented as a 4-bedroom home and a 3-bedroom apartment, with additional rooms that can be repurposed for residential or commercial use. The main residence, identified as C.1790, has been meticulously rebuilt with quality materials and skilled craftsmanship, featuring refinished wood floors across the first two levels, an inviting kitchen and dining area with white cabinetry, black quartz countertops, and a farmhouse style. Two working fireplaces are complemented by a fully rebuilt center chimney that supports five functional fireplaces total. Extensive updates include electrical, plumbing, insulation, siding, walls, ceilings, and foundational improvements, along with 2.5 remodeled bathrooms. In 2023, a newly added ell expands the property with a spacious two-car garage, an apartment, and additional rooms previously used for commercial purposes, where two currently function as additional bedrooms for the apartment.
Located at 107 Berwick Road in Berwick, Maine, the property is set on a 1.73-acre lot. Zoning is listed as R1 & R2 and the offering notes the ability to support both residential and commercial use. The seller also describes access by walk or bike back roads to local shops, cafés, dining, and community events.
For tenants or operators seeking versatility, the existing two-unit residential setup can be complemented by the additional spaces designed for either further living arrangements or potential office, studio, wellness or therapy, or childcare uses. The property’s combination of substantial updates and ready-to-operate residential configuration supports a range of adaptive business and living plans while preserving character through its historically oriented main home.
Located at 107 Berwick Road in Berwick, Maine, the property is set on a 1.73-acre lot. Zoning is listed as R1 & R2 and the offering notes the ability to support both residential and commercial use. The seller also describes access by walk or bike back roads to local shops, cafés, dining, and community events.
For tenants or operators seeking versatility, the existing two-unit residential setup can be complemented by the additional spaces designed for either further living arrangements or potential office, studio, wellness or therapy, or childcare uses. The property’s combination of substantial updates and ready-to-operate residential configuration supports a range of adaptive business and living plans while preserving character through its historically oriented main home.
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 8.00%
Second Best
Office B
$1.10M
$962.7K – $1.28M
NOI $77,019 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,336 @ 7.0% cap · market cap 10.49%
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 income property with remodeled historic main home and flexible additional spaces for residential or commercial use.
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 $995,000.
What are key features of this property?
This property features: Main home built c.1790 with Colonial style and metal roof.; Property offers 2.5 remodeled bathrooms and wood floors (refinished originals and new).; Five functional fireplaces, including a fully rebuilt center chimney; two fireplaces in the kitchen/dining area.
