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Three-Home Waterfront Multifamily Property
New
For Sale
$629,000

1597 Sanford Rd, Wells, ME 04090

Three residences occupy one parcel with Merriland River frontage, a connected garage, and access to nearby beaches and highways.

Property Size3,769 SF
Price / SF$166.89
Days on Market4

Property Features for 1597 Sanford Rd

General Information

Standard status Active
Size 3,769 SF
Property subtype Multi-Family

Units

Unit Mix 1 x single-wide, 1 x 4-bedroom double-wide, 1 x 2-bedroom home
Multifamily Units 3

Additional Details

Highway Access Yes

Building Details

Year Built 1972
Buildings 3
Listing Agency: Coldwell Banker Realty
Listed By: Jason Clark · License #BA929485
Source: Aroostookrealestate
Added: Aug 26 Changed: Aug 28 Last Checked: Aug 28 at 8:18AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

Located at 1597 Sanford Road in Wells, Maine, this multifamily property includes three homes on one lot and measures 3,769 square feet. The improvements date to 1972 and extend to the Merriland River, with river views from the site. A single-wide is currently rented and includes a storage shed. The four-bedroom double-wide is scheduled for complete renovation by closing and includes a deck and spacious yard overlooking the river.

The two-bedroom front home has updated wiring and plumbing and remains ready for completion. A connected garage provides additional storage space. The property also offers access to nearby highways and beaches, while portions of the site face forest and the Merriland River.

Key Highlights

  • Three homes on one lot with Merriland River frontage
  • 3,769 square feet across improvements built in 1972
  • Currently rented single‑wide with storage shed

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Real Estate Agency Bakery Bed & Breakfast

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

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 04090, ME

11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Three residences occupy one parcel with Merriland River frontage, a connected garage, and access to nearby beaches and highways.
Where is this multifamily property located?
The property is located at 1597 Sanford Rd Wells, ME.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Three homes on one lot with Merriland River frontage; 3,769 square feet across improvements built in 1972; Currently rented single‑wide with storage shed
More about this property
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