Multi-Family for Sale: 88 Main Road, Milford, ME 04461

6 full baths
$650,000
$650,000
88 Main Road, Milford, ME 04461
6 full baths
$650,000
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Price:
$650,000

Type Multi-Family
Style Multi-Level
Baths 6 full baths
Square Feet 4,200 sqft
Lot Size 0.14 acres
Year Built 1900
Taxes Paid $3,341

City Milford
County Penobscot

MLS 1612603
Status Active
DOM 7 days
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.

Room Features

Basement Description Dirt Floor, Other, Interior Entry

Lot & Building Features

Cooling Heat Pump
Tax Year 2024
Taxes Paid $3,341

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 1
Unit 2 of Rooms 2
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 2
Unit 4 Full Baths 1
Unit 4 of Bedrooms 4
Unit 4 of Rooms 7
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 3
Unit 6 Full Baths 1
Unit 6 of Bedrooms 1
Unit 6 of Rooms 2

Price History of 88 Main Road

Date Name Price Difference
01/15/2025 Listing Price $650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 88 Main Road, Milford, ME

Location Map Street View
Photo of Kevin Erikson
Direct: 603-321-9569
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Better Homes & Gardens Real Estate/The Masiello Group, Sarah Dyer 207-942-6711
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0.514%
6.75%
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Monthly Taxes
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88 Main Road (MLS #1612603) is a multi-level multi-family listing located in Milford, ME. This multi-family listing is 4,200 sqft and on a lot of 6,098 sqft (or 0.14 acres) and is 125 years old. This property was listed on 01/15/2025 and has been priced for sale at $650,000.

Nearby zip codes are 04411, 04457, 04468 and 04473. This property neighbors other cities such as Argyle Twp, Bradley, Old Town and Orono.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information 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, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.