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$320,000
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Property Description
Unlock rare income potential in Gardiner's historic neighborhood! This fully renovated 2-unit apartment house offers charm, cash flow, and future upside. All within walking distance to parks, the downtown, the Kennebec River Rail Trail, and the river itself. Each unit is approx. 1,089 sq. ft. and features 2 bedrooms and 1 bath, gleaming hardwood floors, tiled baths, updated kitchens, and in-unit washer & dryers. The second-floor unit even includes a spacious walk-in closet off the primary bedroom, a tenant favorite! All major systems, including heating, plumbing, electrical, kitchen, and baths, were upgraded in 2019. Long-term leases mean immediate rental income, and the third-floor attic space with one bedroom already built is city-approved for conversion to a 1-bed unit, bringing potential for an extra $1,450/month. Numerous ways to add value make this a smart play for investors and owner-occupants alike. Outside, enjoy a farmer's porch perfect for relaxing, a stream running through the backyard, and a garage with bonus storage above. Private driveways add convenience for tenants. While the exterior needs paint, the property is priced accordingly, offering a solid opportunity to build equity quickly. Gardiner remains one of Maine's most desirable spots for its small-town feel, scenic surroundings, and steady rental demand. With a cost of living below the national average and easy access to I-95 and Portland, tenants love calling it home. Don't miss your chance to see this rare multi-unit before it's gone. Come envision your next great investment or house hack right here in Gardiner.
Full Property Details
Full Property Details for 117 Dresden Ave
General
- Sold For: $320,000
- Taxes: $3,405 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1629237
- Added to Site: 200 day(s) ago
Interior
- Flooring: Wood, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: 5 - 10 Spaces, Paved, Off Street
Location
- County: Kennebec
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Pole
Structural Information
- Architectural Style: New Englander
- Construction: Clapboard, Wood Frame
- Roof: Shingle
- Building Size: 2196
- Square Feet: 2,196
- Living Area: 2,196 Sq. Ft.
- Finished Total: 2,196 Sq. Ft.
- Finished Above Grnd: 2,196 Sq. Ft.
- Year Built: 1880
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 0.68
- Lot Size (Sq. Ft.): 29,620.8
- Lot Size Source: Public Records
- Zoning: RES
- Lot Description: Open, Level, Sidewalks, Neighborhood, Rural
Financial Considerations
- Tax Amount: $3,405
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 155
Listed by Tim Dunham Realty (207) 729-7297
Sold by Keller Williams Realty (207) 879-9800
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Schools
Schools serving 117 Dresden Ave
School District:School Administrative District 11
| Name | Grades | Distance |
|---|---|---|
Gardiner Area High School 40 West Hill Road, Gardiner, ME 04345 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 117 Dresden Ave
Date
Details
Price
Change
Source
9/09/2025
Sold
$320,000
3.23%
MLS
8/03/2025
Price Increased
$310,000
3.37%
MLS
7/10/2025
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
117 Dresden Avenue, Gardiner, ME 04345 (MLS# 1629237) is a Multi-Family property that was sold at $320,000 on September 09, 2025. Want to learn more about 117 Dresden Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gardiner? You can browse all Gardiner real estate or contact a Coldwell Banker agent to request more information.

