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Wells, ME

Multifamily

Wells, ME Multifamily Properties for Sale

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Ogunquit, ME Kennebunk, ME Sanford, ME Kennebunkport, ME Arundel, ME North Berwick, ME York, ME Lyman, ME

Triplex with River Frontage

Updated: Jul 11

Triplex with River Frontage

1597 Sanford Road, Wells, ME 04090

$679,000

3,769 sqft 1.99 AC lot

Three homes on one lot with Merriland River frontage, including a single‑wide currently rented, a 4‑bedroom double‑wide, and a 2‑bedroom home
4‑bedroom double‑wide will be completely renovated by closing, and the 2‑bedroom home is ready for finishing touches
Deck and connected garage add outdoor space and extra storage for the river‑front property
Ranch‑style, one‑floor living with 1st floor primary bedroom with bath and a 1st floor bedroom
Utilities include well water with private source and private septic tank/sewer

This listing looks promising.

Here's a quick look at some key insights for

1597 Sanford Road, Wells, ME 04090

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$58K
Annual
Mortgage

$380K
Nov 2024
Last Sold

Nov 2024
$225K
Property Type

Single Family Residence
Built 1972

View Property Analytics

2-Family Ranch with Detached Garages

Updated: Jul 3

2-Family Ranch with Detached Garages

321 N Berwick Road, Wells, ME 04090

$674,900

3,121 sqft 1.50 AC lot

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
Each unit includes its own laundry area
Heating includes forced‑air propane for the main home, monitor‑style propane heaters in the apartment; central air in main home and built‑in AC in apartment

Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 2 Active listings in Wells, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Duplex with Apartment Over Garage

Duplex with Apartment Over Garage

15 Casey Lane, Kennebunk, ME 04043

$1,100,000

2,826 sqft 0.25 AC lot

New construction offers an open-concept main home plus a fully equipped two-bedroom apartment above a two-car garage.

Rebuilt Two-Unit Coastal Duplex

Rebuilt Two-Unit Coastal Duplex

117 Perkins Cove Road, Ogunquit, ME 03907

$2,950,000

1,368 sqft 0.06 AC lot

Turnkey duplex rebuilt in 2025 with two 2BR/1BA units and expansive decks with ocean views.

Three-Property Coastal Mixed-Use Portfolio

Three-Property Coastal Mixed-Use Portfolio

113115,117 Perkins Cove Road, Ogunquit, ME 03907

$8,300,000

5,244 sqft

Portfolio of three Perkins Cove properties with residential units and commercial storefronts for vacation rental or flexible use.

Two-Unit Residential Income Property

Two-Unit Residential Income Property

15 Casey Lane, Kennebunk, ME 04043

$1,100,000

2,826 sqft

New construction duplex-style home with three-bedroom main residence and a fully equipped two-bedroom apartment above a two-car garage.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Land in Gorham, Maine

Wooded Land in Gorham, Maine

30 Boreal Drive, Gorham, ME 04038

$425,000

5.46 AC lot

5+ acre wooded parcel near Gorham's downtown.

Residential Development Land with Surveyed Lots

Residential Development Land with Surveyed Lots

358 Roller Coaster Road, Laconia, NH 03246

$1,195,000

40.59 AC lot

Surpassed by a surveyed parcel with an existing 2-bedroom ranch and utilities at the street for potential subdivision planning.

Residential Land in Rural Setting

Residential Land in Rural Setting

Lot 26C Jennings Road, Leeds, ME 04263

$69,000

307,098.00 AC lot

7.05-acre lot in Leeds, Maine, ready for home plans.

No-Zoning Land with Sand Deposits

No-Zoning Land with Sand Deposits

lovejoy brook Road, Canaan, NH 03784

$1,900,000

201.00 AC lot

Large Canaan acreage offering no-zoning flexibility and sand and gravel deposits for a variety of development concepts.

Off-Market Properties in Wells, ME

Consider similar Off-Market properties in Wells, 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.

CAMPGROUND, RV PARK

2295 Post Rd, Wells, ME 04090-4720

$930,000

Estimated value

1,410 sqft 5.80 AC lot

117 Bears Den Rd

CAMPGROUND, RV PARK

117 Bears Den Rd, Wells, ME 04090-7359

Value Estimation by Request

948 sqft 15.00 AC lot

CAMPGROUND, RV PARK

697 Sanford Rd, Wells, ME 04090-6008

$1,770,000

Estimated value

1,792 sqft 29.00 AC lot

CAMPGROUND, RV PARK

580 Hiltons Ln, Wells, ME 04090-7708

Value Estimation by Request

384 sqft 25.60 AC lot

CAMPGROUND, RV PARK

924 Post Rd, Wells, ME 04090

Value Estimation by Request

1,352 sqft 6.18 AC lot

CAMPGROUND, RV PARK

33 Kimballs Ln, Wells, ME 04090

Value Estimation by Request

660 sqft 4.06 AC lot

1135 Bragdon Rd

Multifamily properties

1135 Bragdon Rd, Wells, ME 04090

Value Estimation by Request

6.07 AC lot

CAMPGROUND, RV PARK

563 Post Rd, Wells, ME 04090-4026

Value Estimation by Request

5.50 AC lot

CAMPGROUND, RV PARK

76 Eldridge Rd, Wells, ME 04090-4047

Value Estimation by Request

724 sqft 15.20 AC lot

CAMPGROUND, RV PARK

Eldridge Rd, Wells, ME 04090

Value Estimation by Request

9.50 AC lot

CAMPGROUND, RV PARK

Alder St, Wells, ME 04090

Value Estimation by Request

1.90 AC lot

Wells, ME Multifamily Properties Market Trends and Statistics

Explore 13 multifamily properties for sale in Wells, ME on our real estate platform. These investment opportunities span a total of 6,890 square feet of properties for sale, with an estimated market value of $1,353,900.

Sale prices for multifamily properties in Wells, ME start at $674,900, averaging $676,950, and reaching up to $679,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 12K

Population Growth (5Y) +12.8%

Median Household Income $83,900

College Educated 51.1%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
04090	$689.5K

Taxes & Financing

Tax Rate (average for all types) 0.60%

Property Tax per SF $15.70 per SF

Tax Rate vs County Average 0.59 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in York County

New Delisted

Total CRE Inventory on Market (SF)

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