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$995,000
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Property Description
Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.
Full Property Details
Full Property Details for 309 Sanford Rd
General
- Sold For: $995,000
- Taxes: $4,189 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1653538
- Added to Site: 116 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Other Rooms
- Laundry: Laundry - Coin
Parking
- Parking Features: Gravel, 11 - 20 Spaces
Location
- County: York
Heating & Cooling
- Cooling Type: None
- Heating Type: Propane, Baseboard, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Colonial
- Construction: Wood Frame, Composition, Vinyl Siding
- Basement: Yes
- Basement Desc.: Not Applicable, None
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 4,640
- Finished Total: 4,640 Sq. Ft.
- Finished Above Grnd: 4,640 Sq. Ft.
- Year Built: 1977
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 3.14
- Lot Size (Sq. Ft.): 136,778.4
- Zoning: RC
- Lot Description: Near Turnpike/Interstate, Near Town, Near Railroad, Level, Open Lot, Near Public Transit
Financial Considerations
- Operating Expenses: $13,916.18
- Tax Amount: $4,189
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 7
Listed by CENTURY 21 Atlantic Realty (207) 363-4053
Sold by Anchor Real Estate (207) 361-5007
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Schools
Schools serving 309 Sanford Rd
School District:Wells-Ogunquit Community School District
| Name | Grades | Distance |
|---|---|---|
Wells Elementary School 276 Sanford Road, Wells, ME 04090 | K-4 | 0.1 mi |
Wells Junior High School 1470 Post Road, Wells, ME 04090 | 5-8 | 0.6 mi |
Wells High School 200 Sanford Road, Wells, ME 04090 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 309 Sanford Rd
Date
Details
Price
Change
Source
6/24/2026
Sold
$995,000
—
MLS
3/13/2026
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
309 Sanford Road, Wells, ME 04090 (MLS# 1653538) is a Multi-Family property that was sold at $995,000 on June 24, 2026. Want to learn more about 309 Sanford Road? Do you have questions about finding other Multi-Family real estate for sale in Wells? You can browse all Wells real estate or contact a Coldwell Banker agent to request more information.

