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Listed by Jeffrey Jellison CENTURY 21 Atlantic Realty
$ 995,000
Est. payment /mo
Active Under Contract
309 Sanford RD Wells, ME 04090
6 Baths
4,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $214
MLS Listing ID 1653538
Full Baths 6
HOA Y/N No
Year Built 1977
Tax Year 2025
Lot Size 3.140 Acres
Acres 3.14
Source Maine Listings
Land Area 4640
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.
Location
State ME
County York
Zoning RC
Direction North or south to Wells exit off 95. Left onto Sanford Road. Property on left.
Rooms
Basement Not Applicable
Interior
Heating Baseboard, Hot Water
Cooling None
Flooring Carpet, Vinyl
Exterior
Utilities Available Utilities On
View Trees/Woods
Roof Type Shingle
Garage No
Building
Story 2
Water Public
Architectural Style Colonial
Level or Stories 2
Others
Tax ID WLLS-000133-000000-000007
