1597 Sanford Road Wells, ME 04090
MULTI_FAMILY - Ranch - Wells, ME
Property Features for 1597 Sanford Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- RA
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3
- Patio and Porch features
- Deck
- Interior features
- 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Storage
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 3,769 SF
- Lot size
- 1.99 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2600
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Kerosene, Forced Air, Oil, Heat Pump (Heating), Electric (Heating)
- Water source
- Well, Private
- Water front
- 1
Building Details
- Year built
- 1972
- Number of units
- 3
- Flooring type
- Vinyl, Laminate, Concrete
- Building materials
- Mobile, Wood Frame, Aluminum Siding, Block, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Ranch
- Additional Structures
- Storage
Listing agent Jason Clark (207) 608-5927
Listing office Coldwell Banker Realty 11 Main St Ste 4, Saco, ME (207) 967-9900
Listing date Jul 11, 2026
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.
The front home has been updated with new wiring and plumbing. The property is zoned RA and is situated on approximately 1.99 acres.
The current configuration supports straightforward rental use with multiple dwellings on a single parcel, while also allowing flexibility if you choose to occupy one of the units.
Key Highlights
- Three homes on one lot with Merriland River frontage, including a single‑wide currently rented, a 4‑bedroom double‑wide, and a 2‑bedroom home
- 4‑bedroom double‑wide will be completely renovated by closing, and the 2‑bedroom home is ready for finishing touches
- Deck and connected garage add outdoor space and extra storage for the river‑front property
Local Financial Insights For Apartment 5plus
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 | $111.7k | $29.64 |
| − Vacancy | −$5.8k | −$1.54 |
| EGI | $105.9k | $28.10 |
| − OpEx | −$47.7k | −$12.64 |
| NOI | $58.2k | $15.45 |
