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Updated Four-Unit Multifamily Property
For Sale
$389,000

29 Lawrence Avenue, Fairfield, ME 04937

Occupied residential income property with updated units, paved parking, and separate tenant-paid electricity.

Property Size4,473 SF
Price / SF$86.97
Days on Market187

Property Features for 29 Lawrence Avenue

General Information

Standard status Active
Size 4,473 SF
Property subtype Multi-Family
Zoning Residential

Additional Details

Highway Access Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,010

Amenities

paved parking area
Zoned, Hot Water, Forced Air, Baseboard
3
Interior, Walk-Out Access, Full
Wood, Vinyl, Laminate, Carpet
No
Yes
Attic, Bathtub, Shower
Stone, Concrete Perimeter, Brick/Mortar
32 - 36 Inch Doors
6.00
6
Fiberglass, Metal, Pitched, Shingle
1
Shed(s)
Vinyl Siding, Aluminum Siding, Wood Frame

Building Details

Year Built 1880
Units 4
Listing Agency: Coldwell Banker Realty
Listed By: Richard Fraser
Source: Compass
Added: Feb 25 Changed: Aug 30 Last Checked: Aug 30 at 6:11PM

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.

This four-unit multifamily property at 29 Lawrence Avenue includes occupied units with updated interiors and generous living areas. The building dates to 1880 and has a pitched roof with a seamless metal covering installed approximately 5 years ago. Most windows were replaced within the last 2 years, and a new furnace was installed in 2026.

The property includes a large paved parking area for off-street tenant parking, along with a shed and vinyl, aluminum, and wood-frame exterior elements. Each unit pays its own electricity, while the owner currently provides heat and hot water. The property is near schools, downtown Fairfield, a highway, and a park, with Residential zoning.

Key Highlights

  • Four occupied multifamily units with updated interiors
  • New furnace installed in 2026
  • Seamless metal roof installed approximately 5 years ago

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Auto Parts Store Plumbing Service Law Firm Bakery

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

260
Businesses Nearby

Demographics for 04937, ME

6,363
Population
3,041
Households
2.1
Avg Household Size
43
Median Age
14%
College-Educated
94%
High-School Grad
51.9 sq mi
ZIP Area
123
Density / Sq Mi
$62,633
Median Household Income
$34,727
Median Earnings
$943
Median Rent
$149,700
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?
Quadplex - Occupied residential income property with updated units, paved parking, and separate tenant-paid electricity.
Where is this quadplex located?
The property is located at 29 Lawrence Avenue Fairfield, ME.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four occupied multifamily units with updated interiors; New furnace installed in 2026; Seamless metal roof installed approximately 5 years ago
More about this property
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