Farmington ME Multi Family for Sale
$365,000
121 Road Farmington, ME 04938
- Type:
- Multi-Family
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 1603777
View additional info
Courtesy: Keller Williams Realty
207-879-9800
ADDITIONAL INFORMATION
Investors take notice! 4 Unit apartment building for sale within WALKING distance to downtown Farmington and the University system! This property has ample parking to accommodate tenants, great storage in the form of a garage/barn for personal or tenant storage and coin operated laundry in a common space for the tenants. Recent updates/upgrades include brand new heat pumps in all 4 units in 2024 and a recently updated 2-bedroom apartment (unit 2). This building consists of two, 2-bedroom units and two - 1-bedroom units with two of the units being on the ground level. Expand your current rental/investment portfolio or start with this one! Located in a busy college town, this property has cashflow and would be great passive income for the next buyer! Geographically, this property is about 40 mins from Augusta (Capitol of Maine), 1.5 hours to Portland & Bangor (both have airports) and only 3.5 hours to Boston! Enjoy the quaint downtown setting comprised of local shops and artisans, restaurants, and so much more! Enjoying skiing at the local ski mountain, Titcomb Mountain or drive just an hour to the iconic ski resorts, Sugarloaf USA or Saddleback in Rangeley! You don't want to miss this opportunity!
$1,800,000
129 Street Farmington, ME 04938
- Type:
- Multi-Family
- Sq.Ft.:
- 2,976
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1850
- Baths:
- 4.00
- MLS#:
- 1583066
View additional info
Courtesy: Meservier & Associates
207-784-2525
ADDITIONAL INFORMATION
Don't miss this great opportunity for investment property in the heart of Farmington. These 5 Multi-Units are near both the University of Maine at Farmington and Broadway St, the heart of Farmington where shops and dining are available. Not only do these properties have an amazing location and excellent rental history, they offer 9 single rooms and 21 other units ranging from efficiencies to 1, 2, 3, and even a 4 bedroom! Each tenant has their own assigned parking area in a newly paved and striped parking lot. Don't miss your chance to dive into Farmington's rental business! The details of this one listing are for a representative property and there are four other properties that are included and being sold as a package.
$369,000
116 Street Farmington, ME 04938
- Type:
- Multi-Family
- Sq.Ft.:
- 2,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1790
- Baths:
- 5.00
- MLS#:
- 1580380
View additional info
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-560-4683
ADDITIONAL INFORMATION
Solid, updated investment opportunity! This 5 unit bldg. is PRODUCING INCOME NOW! Located in the heart of West Farmington, this property offers convenience to all of Farmington's businesses, shops, services and recreational opportunities in both the historic & renewed sections of town. Easily walk to UMAINE Farmington campus, the Sandy River, Hippach Field or take a short drive to Titcomb ski area or Sugarloaf Mtn.
Farmington Real Estate
The median home value in Farmington, ME is $304,000. This is higher than the county median home value of $239,400. The national median home value is $338,100. The average price of homes sold in Farmington, ME is $304,000. Approximately 32.49% of Farmington homes are owned, compared to 26.47% rented, while 41.04% are vacant. Farmington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Farmington real estate agent to arrange a tour today!
Farmington, Maine has a population of 7,424. Farmington is less family-centric than the surrounding county with 22.39% of the households containing married families with children. The county average for households married with children is 24.65%.
The median household income in Farmington, Maine is $44,808. The median household income for the surrounding county is $53,607 compared to the national median of $69,021. The median age of people living in Farmington is 43.8 years.
Farmington Weather
The average high temperature in July is 78.7 degrees, with an average low temperature in January of 4.2 degrees. The average rainfall is approximately 47.2 inches per year, with 87.3 inches of snow per year.