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$425,000
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Property Description
This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort. Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place. Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
Full Property Details
Full Property Details for 88 Main Rd
General
- Sold For: $425,000
- Taxes: $3,341 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1612603
- Added to Site: 201 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Parking
- Parking Features: Gravel, Off Street
Location
- County: Penobscot
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump, Direct Vent Heater, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Other
- Construction: Vinyl Siding, Wood Frame
- Roof: Shingle
- Building Size: 4200
- Square Feet: 4,200
- Living Area: 4,200 Sq. Ft.
- Finished Total: 4,200 Sq. Ft.
- Finished Above Grnd: 4,200 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Lot Size Source: Seller
- Zoning: Village
- Lot Description: Level, Sidewalks, Intown, Near Shopping
Financial Considerations
- Tax Amount: $3,341
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 100
Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711
Sold by ERA Dawson-Bradford Co. (207) 947-6788
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Schools
Schools serving 88 Main Rd
School District:Milford
| Name | Grades | Distance |
|---|---|---|
Dr Lewis S Libby School 13 School Street, Milford, ME 04461 | PK-8 | 0.2 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 88 Main Rd
Date
Details
Price
Change
Source
9/11/2025
Sold
$425,000
-22.73%
MLS
6/22/2025
Price Reduced
$550,000
-7.56%
MLS
3/20/2025
Price Reduced
$595,000
-8.46%
MLS
1/15/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
88 Main Road, Milford, ME 04461 (MLS# 1612603) is a Multi-Family property that was sold at $425,000 on September 11, 2025. Want to learn more about 88 Main Road? Do you have questions about finding other Multi-Family real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

