Four-Unit Residential Income
For Sale
$750,000
Pending
14 Charles St, Berwick, ME 03901
Renovated four-unit property with one currently vacant unit and tenant-paid utilities.
Property SizeContact for details
Days on Market47
Property Features for 14 Charles St
General Information
Standard status
Pending
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Year Built
1920
Units
4
Listed By:
Debbie Mae Kershaw
(603) 431-1443
Source:
Elliman
Added: Jul 21
Changed: Aug 22
Last Checked: Sep 5 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Mae Kershaw
Investment Insights
Based on property information with market context.
This four-family residential income property was purchased in 2022 and has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants are responsible for hot water, heat, and electricity, supported by mini-splits in three of the units and HW/Oil heat in the first-floor unit.
The property is located at 14 Charles St in Berwick, ME, off Bridge Street, within steps of Berwick’s redeveloping downtown area and just over the bridge into Somersworth, NH. Reported numbers include Actual Gross Income with Unit 3 vacant of $68,160 and Projected Gross Income with Unit 3 filled of $86,760. Expenses are listed at $13,624, including Trash, Water/Sewer, Insurance, and Taxes.
BikeScore is 34 (Somewhat Bikeable) and WalkScore is 43 (Car-Dependent).
The property is located at 14 Charles St in Berwick, ME, off Bridge Street, within steps of Berwick’s redeveloping downtown area and just over the bridge into Somersworth, NH. Reported numbers include Actual Gross Income with Unit 3 vacant of $68,160 and Projected Gross Income with Unit 3 filled of $86,760. Expenses are listed at $13,624, including Trash, Water/Sewer, Insurance, and Taxes.
BikeScore is 34 (Somewhat Bikeable) and WalkScore is 43 (Car-Dependent).
Key Highlights
- 1920‑built 4‑family with one unit currently vacant (#3)
- Full interior renovations from the studs out in units #2, #3, and #4 completed after a 2022 purchase
- Tenant‑paid utilities: tenants cover hot water, heat, and electricity
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
8
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated four-unit property with one currently vacant unit and tenant-paid utilities.
Where is this quadplex located?
The property is located at 14 Charles St Berwick, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1920‑built 4‑family with one unit currently vacant (#3); Full interior renovations from the studs out in units #2, #3, and #4 completed after a 2022 purchase; Tenant‑paid utilities: tenants cover hot water, heat, and electricity
