309 Sanford RoadWells, ME 04090Price: $995,000

  • Price: $995,000
  • Est. Mortgage of $/month
  • 93 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $995,000List Price
  • 6Bathrooms
  • 4,640Square Feet
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.
Listed by Jeffrey Jellison of CENTURY 21 Atlantic Realty

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More Info

Tax Information

  • Parcel Number WLLS-000133-000000-000007
  • Taxes$4,189

Location

  • Address309 Sanford Road
  • Building Number309
  • CountyYork
  • StateME
  • StreetSanford Road
  • TownWells
  • Zip04090

Exterior

  • Exterior Composition, Vinyl Siding
  • RoofShingle

Amenities

  • AmenitiesLaundry - Coin

Parking

  • Parking 11 - 20 Spaces

Basic Information

  • List Price$995,000
  • LocationTypeNear Turnpike/Interstate, Near Town, Near Railroad
  • MLS Number1653538
  • Property TypeMulti-Family
  • StatusActive With Contract

Property

  • Site Level, Open

Utilities

  • Electric Circuit Breakers
  • Heat SystemBaseboard, Hot Water
  • Heating FuelPropane
  • Heating YN Yes
  • Utilities Utilities On
  • Waste Water DisposalPublic Sewer

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Full Bath6

Building

  • Building ConstructionWood Frame
  • Flooring Carpet, Vinyl
  • FoundationOther
  • Property StyleColonial
  • Stories2
  • Units6
  • Year Built1977

Property Information

  • Acreage3.14
  • Square Feet4,640

Water Body

  • Water AccessPublic

Other

  • Date Listed03/13/2026
  • Unit 1 Full Baths 1
  • Unit 1 Level First
  • Unit 1 Monthly Rent $1,000
  • Unit 1 Rooms 3
  • Unit 1 Water Yes
  • Unit 2 Full Baths 1
  • Unit 2 Level First
  • Unit 2 Monthly Rent $1,000
  • Unit 2 Rooms 3
  • Unit 2 Water Yes
  • Unit 3 Full Baths 1
  • Unit 3 Level Second
  • Unit 3 Monthly Rent $1,000
  • Unit 3 Rooms 3
  • Unit 3 Water Yes
  • Unit 4 Full Baths 1
  • Unit 4 Level Second
  • Unit 4 Monthly Rent $1,000
  • Unit 4 Rooms 3
  • Unit 4 Water Yes

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

46 Casco Rd, Brunswick - Portside Luxury Home participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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