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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
- Price: $995,000
- Taxes: $4,189 (2025)
- Status: Active Under Contract
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1653538
- Updated: 5/7/2026
- Added to Site: 58 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Other Rooms
- Laundry: Laundry - Coin
Parking
- Parking Features: 11 - 20 Spaces, Gravel
Location
- County: York
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Colonial
- Construction: Vinyl Siding, Composition, Wood Frame
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 4640
- Square Feet: 4,640
- Living Area: 4,640 Sq. Ft.
- 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
- Lot Size Source: Public Records
- Zoning: RC
- Lot Description: Open, Level, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
Financial Considerations
- Tax Amount: $4,189
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 7
Listed by CENTURY 21 Atlantic Realty (207) 363-4053
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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
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.
Tax History
Tax History for 309 Sanford Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,189
6%
$648,470
—
2024
$3,943
2%
$648,470
—
2023
$3,865
-14%
$648,470
51%
2022
$4,491
-1%
$429,370
—
2021
$4,517
—
$429,370
—
2020
$4,500
6%
$429,370
5%
2019
$4,251
3%
$407,930
2%
2018
$4,131
2%
$400,270
—
2017
$4,067
1%
$400,270
—
2016
$4,027
1%
$400,270
—
2015
$3,983
5%
$400,270
—
2014
$3,803
4%
$400,270
—
2013
$3,650
—
$400,270
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 309 Sanford Rd
309 Sanford Road, Wells, ME 04090 (MLS# 1653538) is a Multi-Family property with 6 units containing 0 bedrooms and 6 full bathrooms. 309 Sanford Road is currently listed for $995,000 and was received on March 13, 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.

