88 Main Road

Milford, ME 04461

$650,000
Price
11
Beds
4,200 Sq. Ft.
$155 / Sq. Ft.
4,200
Sq. Ft.
$155
per Sq. Ft.
98
8
9
4
95
94
5
7
96
97
6
2
93
92
3
1
91
8
9
4
5
7
6
2
3
91
8
9
4
94
5
7
6
2
93
92
3
1
91

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...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.
  1. Listed by Sarah Dyer • Better Homes & Gardens Real Estate/The Masiello Group

Property Details for 88 Main Road

Waterfront
No
ArchitecturalStyle
Multi-Level
Garage Spaces
.00
Garage
No
Zoning
Village
LISTING UPDATED: 01/15/2025 04:37 PM

Property Details for 88 Main Road

StatusActive
MLS #1612603
Days on Market57
Taxes$3,341 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyPenobscot County

Building Information for 88 Main Road

Stories-Residences6Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 88 Main Road

Summary
Location and General Information
  • Directions: Take Rt 2 to Milford. Rt 2 is Main St. Going north subject property is at corner of Mill St. on left.
  • Town: Milford
  • State/Province: ME
  • Zip Code: 04461
  • County: Penobscot
  • Geo Latitude: 44.944035
  • Geo Longitude: -68.643727
  • Tax Lot: 100
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
Parking
  • Parking Features: Gravel, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 15409
  • Tax Map Number: 023
  • Tax Year: 2024
  • Parcel Number: MILD-000023-000000-000100
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,341.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 4200.0
  • Lot Size Acres: 0.14
  • Source of Acreage: Seller
  • Building Area Total: 4200.0
  • Lot Size Area: 0.14
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6098.4
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Street Number: 88
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: True
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
Interior Features
  • Basement: Dirt Floor, Other, Interior Entry
  • Flooring: Vinyl, Carpet
  • Cooling: Heat Pump
  • Heating: Heat Pump, Direct Vent Heater, Baseboard
  • Foundation Details: Stone, Brick/Mortar
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Cooling YN: Yes
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $82,500.00
  • Operating Expenses: $24,954.00
Multi-Family Information
  • Number of Units: 6
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,600.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 3.00
  • Unit 1:Dedicated Electric Meter: No
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: First
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $975.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 2.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: No
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: Yes
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: First
  • Unit 3:Security Deposit: No
  • Unit 3:Monthly Rent: $900.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 2.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: No
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: Yes
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: Yes
  • Unit 4:Level: Second
  • Unit 4:Security Deposit: Yes
  • Unit 4:Monthly Rent: $1,550.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 7.00
  • Unit 4:# of Bedrooms: 4.00
  • Unit 4:Dedicated Electric Meter: No
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: Yes
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit 5
  • Unit 5:Lease: No
  • Unit 5:Level: First
  • Unit 5:Security Deposit: No
  • Unit 5:Monthly Rent: $1,050.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 3.00
  • Unit 5:# of Bedrooms: 1.00
  • Unit 5:Dedicated Electric Meter: No
  • Unit 5:Dedicated Gas Meter: No
  • Unit 5:Dedicated Water Heater: No
  • Unit 5:Electric: Yes
  • Unit 5:Heat: Yes
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit 6
  • Unit 6:Lease: Yes
  • Unit 6:Level: Second
  • Unit 6:Security Deposit: Yes
  • Unit 6:Monthly Rent: $900.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 2.00
  • Unit 6:# of Bedrooms: 1.00
  • Unit 6:Dedicated Electric Meter: No
  • Unit 6:Dedicated Gas Meter: No
  • Unit 6:Dedicated Water Heater: No
  • Unit 6:Electric: Yes
  • Unit 6:Heat: Yes
  • Unit 6:Range: Yes
  • Unit 6:Refrigerator: Yes
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 4
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 1

Property History for 88 Main Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 88 Main Road

Taxable ValueLand$17,200Additions$141,900Total$159,100
Tax Record2024$3,500 ($292 / month)
Home Facts
Beds4Baths5Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories2Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1840Zoning11 VILCountyPENOBSCOTAPNMILD M:023 B:100

Schools near 88 Main Road

This home is within Milford Public Schools.
Rating
School
Type
Grades
Distance
Dr Lewis S Libby School
Public - PK to 8
Rating
School
Distance
Dr Lewis S Libby School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 88 Main Road, Milford, ME 04461

88 Main Road is a multi-family home for sale in Milford, ME 04461. This property was listed for sale on January 14, 2025 by Better Homes & Gardens Real Estate/The Masiello Group, it's currently listed at $650,000. This listing's school district is Milford Public Schools. Nearby schools include Dr Lewis S Libby School, Indian Island School and Old Town High School. 88 Main Road is a 11-bed, 6-bath, 4,200 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes & Gardens Real Estate/The Masiello Group

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.