Multifamily

Andover, ME Multifamily Properties for Sale

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Roxbury, ME Rumford, ME Hanover, ME Upton, ME Newry, ME Bethel, ME Mexico, ME Carthage, ME
Mixed-Use Building with Storefront
Updated: Oct 30
Mixed-Use Building with Storefront

12 S Main Street, Andover, ME 04216

$289,000
1,083 sqft 0.24 AC lot
Three units: a two‑bedroom apartment, a one‑bedroom apartment, and storefront space
1,083 square feet on a 0.24‑acre lot
Roof replaced in 2026; water heater installed in 2025
Two 1,500‑gallon septic systems inspected and serviced in 2024
Public water, private sewer, and propane heating
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3-Unit Mixed-Use Building
Updated: Oct 27
3-Unit Mixed-Use Building

12 S Main Street, Andover, ME 04216

$289,000
1,800 sqft 0.24 AC lot
Three units: two apartments and a storefront space
Second‑floor apartment has two bedrooms; first‑floor apartment has one bedroom
1,800 square feet on a 0.24‑acre parcel
Roof replaced in 2026; water heater installed in 2025
Two 1,500‑gallon septic tanks inspected and cleaned in 2024
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2 active listings match your search: Multifamily for sale in Andover, ME. Based on your search, we've also compiled 18 Potential Opportunities for your consideration: 4 properties in nearby cities and 14 off-market properties to explore as potential leads.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Ranch Duplex with In-Law Apartment
Ranch Duplex with In-Law Apartment

2139 Intervale Road, Bethel, ME 04217

$439,000
2,800 sqft 1.38 AC lot

Flexible two-unit layout with a first-floor primary bedroom, storage, and private well.

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Updated Triplex with Off-Street Parking
Updated Triplex with Off-Street Parking

551 Waldo St, Rumford, ME 04276

$199,000
2,340 sqft

Three residential units offer a varied bedroom mix with tenant-paid electric.

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Multifamily Property Requiring Demolition
Multifamily Property Requiring Demolition

605 Waldo St, Rumford, ME 04276

Contact for pricing
1,506 sqft

The existing structure is offered as-is and must be removed within six months after purchase.

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Duplex with Flexible Layout
Duplex with Flexible Layout

2139 Intervale Road, Bethel, ME 04217

$439,000

Two-unit configuration supports owner occupancy, rental use, or adaptable single-family living.

View details

Off-Market Properties in Andover, ME

Consider similar Off-Market properties in Andover, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
768 sqft 0.37 AC lot
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Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$255,000
672 sqft 5.50 AC lot
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Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$230,000
0.50 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
594 sqft 1.80 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$235,000
21.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$230,000
408 sqft 5.20 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
129.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
102.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$235,000
294 sqft 0.50 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
918 sqft 50.60 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$250,000
960 sqft 5.40 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$245,000
520 sqft 11.00 AC lot
View details
Andover, ME 04216
CAMPGROUND, RV PARK

Andover, ME 04216

Estimated value:
$240,000
195 sqft 150.00 AC lot
View details

Andover, ME Multifamily Properties Market Trends and Statistics

Explore 16 multifamily properties for sale in Andover, ME on our real estate platform. These investment opportunities span a total of 2,883 square feet of properties for sale, with an estimated market value of $578,000.

Sale prices for multifamily properties in Andover, ME average $289,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 602
Population Growth (5Y) +62.3%
Median Household Income $44,583
College Educated 15.5%

High-Yield Neighborhoods for Investment

Identify Andover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Andover - 04216 $289K
East Andover - 04226 $1.6M

Taxes & Financing

Tax Rate (average for all types) 1.55%
Property Tax per SF $54.32 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oxford County

New Delisted

Total CRE Inventory on Market (SF)

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