2-Family Ranch with Detached
321 N Berwick Road Wells, ME 04090
For Sale
$674,900
MULTI_FAMILY - Contemporary, Ranch - Wells, ME
Property Size3,121 SF
Lot Size1.50 Acres
Price / SF$216.24
Days on Market27
Property Features for 321 N Berwick Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RA
Bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Basement
Patio and Porch features
Patio, Deck, Porch
Interior features
In-Law Apartment, 1st Floor Bedroom, Pantry, Shower, Storage
Basement
Finished, Full
Standard status
Active
Size
3,121 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3695
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Propane (Heating), Space Heater, Forced Air
Cooling system
Central Air
Water source
Private, Well
Building Details
Year built
1977
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Composition, Shingle
Architectural style
Ranch, Contemporary
Additional Structures
Storage
Listing Agency:
Moody Maxon Real Estate
(207) 251-3585
Listed By:
Pamela Moody-Maxon
(207) 251-3585
Added: Jul 3
Last Checked: Jul 29 at 2:06AM
MLS# 1666686
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.
This contemporary ranch-style 2-family home is set up as two separate units under one roof. The right side includes three bedrooms plus a bonus room, along with 2.5 baths and dedicated laundry, featuring a large living and dining area and a spacious kitchen with cabinet space and counters plus a butler’s-style pantry. The left-side apartment offers an open concept kitchen, living, and dining area, a large bedroom with a full bathroom and walk-in closet, and its own laundry area. Heating includes forced hot air propane for the main home and monitor-style propane heaters in the apartment, and the main house has central air via a forced air system plus built-in AC in the apartment. The property also includes a whole-house automatic Generac generator, an outdoor deck and back patio, and two detached garages.
The home sits on 1.5 acres and is described as both commercial and residentially zoned (RA). The seller notes commuter access with proximity to the highway entrance and about 5 minutes to Wells Harbor Beach.
For buyers or operators seeking a self-contained duplex format, the layout provides independent living spaces with separate laundry for each side, plus multiple climate-control options depending on unit. The detached garages and generator support practical day-to-day utility and storage needs, while the deck and patio offer usable outdoor space adjacent to the woods.
The home sits on 1.5 acres and is described as both commercial and residentially zoned (RA). The seller notes commuter access with proximity to the highway entrance and about 5 minutes to Wells Harbor Beach.
For buyers or operators seeking a self-contained duplex format, the layout provides independent living spaces with separate laundry for each side, plus multiple climate-control options depending on unit. The detached garages and generator support practical day-to-day utility and storage needs, while the deck and patio offer usable outdoor space adjacent to the woods.
Key Highlights
- 2‑family home with detached garages on 1.5 acres in Wells
- Main home features 3 bedrooms plus a bonus room and 2.5 baths with laundry
- Left‑side apartment has open kitchen, living and dining area plus 1 bedroom, full bath, and walk‑in closet
Financial Insights For Multifamily LT 5
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 | $79.4k | $25.44 |
| − Vacancy | −$3.9k | −$1.26 |
| EGI | $75.5k | $24.18 |
| − OpEx | −$22.6k | −$7.25 |
| NOI | $52.8k | $16.93 |
3,121 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$989.3K
$865.7K – $1.15M
NOI $69,254 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained 2-family ranch with detached garages, separate laundry areas, and multiple propane and central air options.
Where is this duplex located?
The property is located at 321 N Berwick Road Wells, ME.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 2‑family home with detached garages on 1.5 acres in Wells; Main home features 3 bedrooms plus a bonus room and 2.5 baths with laundry; Left‑side apartment has open kitchen, living and dining area plus 1 bedroom, full bath, and walk‑in closet
