Residential Income Property with Flex
For Sale
$899,000
107 Berwick Road, Berwick, ME 03901
MULTI_FAMILY - Colonial - Berwick, ME
Property Size4,702 SF
Lot Size1.73 Acres
Price / SF$191.20
Days on Market41
Property Features for 107 Berwick Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1 & R2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Basement, Bathroom 3
Parking features
Open, Off Street
Patio and Porch features
Deck
Interior features
In-Law Apartment, Shower, Storage
Basement
Full, Unfinished, Sump Pump
Lot features
Pasture/ Field, Open, Level, Near Golf Course, Near Town, Rural, Suburban
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, Electric (Heating), Heat Pump (Heating), Hot Water(Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1790
Number of units
2
Flooring type
Laminate, Carpet, Wood
Building materials
Wood Frame, Clapboard, Vinyl Siding
Roof type
Metal
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(207) 475-0999
Listed By:
Nola Cady
(207) 337-3534
Added: Jun 21
Changed: Jul 28
Last Checked: Jul 31 at 8:06AM
MLS# 1659746
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 versatile residential income property is currently rented as a 4-bedroom home and a 3-bedroom apartment, with additional areas that can be adapted for other residential or commercial configurations. The main home, dating to c.1790, has been meticulously rebuilt with quality materials and craftsmanship, including refinished original wood floors and newly added floors through the first two levels. The kitchen and dining area features white cabinetry and black quartz countertops, with two working fireplaces in the home and five functional fireplaces total thanks to a fully rebuilt center chimney. Substantial updates include electrical, plumbing, insulation, siding, walls, ceilings, and foundation improvements, along with two remodeled bathrooms.
In addition, a newly added ell completed in 2023 expands the property’s possibilities. It includes a spacious two-car garage, a well-appointed apartment, and additional rooms that are currently used as bedrooms for the apartment. The property offers more than 5,000 square feet of finished space. Zoned R1 & R2, it supports both residential and commercial use.
With multiple living spaces already in place and zoning that permits residential and commercial use, the property can fit a variety of tenant and operator needs, including arrangements that combine housing with flexible workspace. The property is located at 107 Berwick Road in Berwick, Maine. An open house is scheduled for Saturday, June 20 from 1:00 PM to 3:00 PM.
In addition, a newly added ell completed in 2023 expands the property’s possibilities. It includes a spacious two-car garage, a well-appointed apartment, and additional rooms that are currently used as bedrooms for the apartment. The property offers more than 5,000 square feet of finished space. Zoned R1 & R2, it supports both residential and commercial use.
With multiple living spaces already in place and zoning that permits residential and commercial use, the property can fit a variety of tenant and operator needs, including arrangements that combine housing with flexible workspace. The property is located at 107 Berwick Road in Berwick, Maine. An open house is scheduled for Saturday, June 20 from 1:00 PM to 3:00 PM.
Key Highlights
- Currently rented as a 4‑bedroom home plus a 3‑bedroom apartment, with extra spaces for residential or commercial use.
- Main home originally built circa 1790 (Colonial) with five functional fireplaces and refinished original and new wood floors.
- Extensively rebuilt/updated with electrical, plumbing, insulation, siding, walls, ceilings, and foundational improvements.
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 8.85%
Second Best
Apartment 5plus
$1.04M
$908.3K – $1.21M
NOI $72,666 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,336 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 03901, ME
7,937
Population
3,617
Households
2.2
Avg Household Size
40
Median Age
35%
College-Educated
96%
High-School Grad
37.5 sq mi
ZIP Area
212
Density / Sq Mi
$77,790
Median Household Income
$53,333
Median Earnings
$1,237
Median Rent
$331,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey multi-unit property with updated main home and a 2023 ell providing added living and work flexibility.
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 $899,000.
What are key features of this property?
This property features: Currently rented as a 4‑bedroom home plus a 3‑bedroom apartment, with extra spaces for residential or commercial use.; Main home originally built circa 1790 (Colonial) with five functional fireplaces and refinished original and new wood floors.; Extensively rebuilt/updated with electrical, plumbing, insulation, siding, walls, ceilings, and foundational improvements.
