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Multifamily Property with Basement Apartment
For Sale
$299,900

156 Cottage St, Sanford, ME 04073

A 1920 property includes a one-bedroom apartment, newer roof, backyard, and parking.

Property Size2,827 SF
Price / SF$106.08
Days on Market28

Property Features for 156 Cottage St

General Information

Standard status Active
Size 2,827 SF
Property subtype Multi-Family

Amenities

spacious backyard

Building Details

Year Built 1920
Listing Agency: Town Square Realty Group
Listed By: Ann Lapierre · License #902479
Source: Samonasgroup
Added: Aug 4 Changed: Aug 28 Last Checked: Aug 30 at 6:50PM

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 Town Square Realty Group

Investment Insights

Based on property information with market context.

This multifamily property, built in 1920, includes a one-bedroom apartment in the basement. The balance of the building provides additional space identified for possible conversion into more residential units.

Exterior features include a newer roof, a spacious backyard, and ample parking. The existing apartment and remaining interior area create a configuration suited to continued evaluation as a larger multifamily residence.

Key Highlights

  • One‑bedroom basement apartment already in place
  • Additional space identified for possible unit expansion
  • Newer roof

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Bakery Garden Center Veterinary Clinic Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

473
Businesses Nearby

Demographics for 04073, ME

17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - A 1920 property includes a one-bedroom apartment, newer roof, backyard, and parking.
Where is this multifamily property located?
The property is located at 156 Cottage St Sanford, ME.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: One‑bedroom basement apartment already in place; Additional space identified for possible unit expansion; Newer roof
More about this property
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