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Four-Unit Two-Bedroom Quadplex
For Sale
$299,000

673 River Avenue, Gardiner, ME 04359

Tenant-paid utilities and separate heating systems support straightforward unit operations.

Property Size3,641 SF
Price / SF$82.12
Days on Market220

Property Features for 673 River Avenue

General Information

Standard status Active
Size 3,641 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,505

Amenities

Hot Water, Forced Air, Baseboard
2
Full, Sump Pump, Exterior Only, Unfinished
Vinyl, Carpet
No
Yes
4.00
4
Shingle
Vinyl Siding, Wood Frame

Building Details

Year Built 1890
Units 4
Listing Agency: Vitalius Real Estate Group, LLC
Listed By: Jessica Wallimann
Source: Compass
Added: Jan 23 Changed: Aug 30 Last Checked: Aug 30 at 6:55PM

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 Vitalius Real Estate Group, LLC

Investment Insights

Based on property information with market context.

This 3,641-square-foot quadplex contains four residential units, each configured with two bedrooms. Separate heating systems serve the units, with hot water, forced air, and baseboard systems identified. Tenant-paid utilities help separate occupancy-related operating responsibilities. The building dates to 1890 and features a wood-frame structure, vinyl siding, and a shingle exterior.

The property is located at 673 River Avenue in Gardiner, within a few minutes of downtown Gardiner and approximately 15 minutes from Augusta. Interior features include an unfinished basement with a sump pump, while the units include vinyl and carpet flooring. Professional management and an established rental history are also associated with the property.

Key Highlights

  • Four‑unit quadplex with 3,641 square feet
  • All four units offer two‑bedroom layouts
  • Separate heating systems for the units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Tech Support Center Food Market Computer & Electronic Repair Discount Store

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

20
Businesses Nearby

Demographics for 04359, ME

455
Population
160
Households
2.8
Avg Household Size
42
Median Age
16%
College-Educated
84%
High-School Grad
0.7 sq mi
ZIP Area
650
Density / Sq Mi
$120,652
Median Household Income
$37,212
Median Earnings
$198,500
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 - Tenant-paid utilities and separate heating systems support straightforward unit operations.
Where is this quadplex located?
The property is located at 673 River Avenue Gardiner, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,641 square feet; All four units offer two‑bedroom layouts; Separate heating systems for the units
More about this property
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