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Furnished Multifamily Property with Decks
For Sale
$1,295,000

20 Nautical Ln, Wells, ME 04090

Two-building property near Wells Beach with furnished residences, private decks, laundry facilities, and on-site parking.

Property SizeContact for details
Days on Market9

Property Features for 20 Nautical Ln

General Information

Standard status Active
Property subtype Investment

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Furnished Yes

Amenities

private decks
parking
full basement
laundry facilities

Building Details

Year Built 1985
Buildings 2
Units 4
Listing Agency: Anne Erwin Sotheby's International Realty
Listed By: Anne Erwin Real Estate
Source: Elliman
Added: Aug 16 Changed: Aug 17 Last Checked: Aug 23 at 6:09AM

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 Anne Erwin Sotheby's International Realty

Investment Insights

Based on property information with market context.

This multifamily property includes two buildings with four units in total. Each residence offers two bedrooms, a spacious living room with vaulted ceilings, an open kitchen, a full bathroom, and a private deck. The units are fully furnished and supported by on-site laundry facilities, ample parking, and a full basement. Constructed in 1985, the property is being offered as-is.

The address is near Wells Beach in Wells, Maine. WalkScore is 22, classified as Car-Dependent, while BikeScore is 36, classified as Somewhat Bikeable. Property classification and permitted uses should be confirmed with the Town of Wells.

Key Highlights

  • Two buildings containing four furnished units
  • Each unit has two bedrooms, vaulted living rooms, open kitchens, full bathrooms, and private decks
  • Full basement and on‑site laundry facilities

Property Analytics

Current Use

Motels

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Kitchen & Bath Showroom Cafe & Coffee Shop Barber Shop Auto Repair Shop

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

41
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 - Two-building property near Wells Beach with furnished residences, private decks, laundry facilities, and on-site parking.
Where is this multifamily property located?
The property is located at 20 Nautical Ln Wells, ME.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two buildings containing four furnished units; Each unit has two bedrooms, vaulted living rooms, open kitchens, full bathrooms, and private decks; Full basement and on‑site laundry facilities
More about this property
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