This charming two-family home in Scarborough presents a unique and rare opportunity to own a property in one of the area's most desirable locations! Whether you're looking to live in one unit and rent out the other to help with the mortgage, or want an investment property with great rental potential, this home offers it all. Situated on a spacious 1.24-acre lot, this farmhouse-style property features two separate 3-bedroom units, each thoughtfully designed and well-maintained. Unit 1 is a bright, airy space, full of natural light. The first-floor unit boasts a spacious primary bedroom, while the other two bedrooms are located upstairs for added privacy. A cozy office space with tongue-and-groove walls, various built-in storage throughout adds character, and the large eat-in kitchen offers plenty of space for meals and gatherings. 2 full bathrooms ensure convenience. This unit's charm makes it feel like home right away. Unit 2 is equally appealing, with three bedrooms and a full bath, well-kept and ready for tenants or family members. Both units offer electrical service, separate boilers (shared oil tank), and in-unit laundry. The property comes complete with all appliances, including washers and dryers for both units, ensuring a hassle-free, turn-key transition. With a large lot, ample parking, and the flexibility of two income-producing units, this property is an excellent value in Scarborough. Don't miss out on this rare opportunity to own in one of the most sought-after areas around!
Check out this updated income property with great cash flow and rental history in Scarborough! Lots of parking, vinyl siding, updated windows & roof, most floors updated with vinyl plank, separate electric services. Currently permitted through town as a two unit with an in-home business.
The median home value in Scarborough, ME is $562,900. This is higher than the county median home value of $470,000. The national median home value is $338,100. The average price of homes sold in Scarborough, ME is $562,900. Approximately 69.87% of Scarborough homes are owned, compared to 17.72% rented, while 12.41% are vacant. Scarborough 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 Scarborough real estate agent to arrange a tour today!
Scarborough, Maine 04074 has a population of 21,857. Scarborough 04074 is less family-centric than the surrounding county with 30.49% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Scarborough, Maine 04074 is $105,960. The median household income for the surrounding county is $80,679 compared to the national median of $69,021. The median age of people living in Scarborough 04074 is 47.6 years.
The average high temperature in July is 78.4 degrees, with an average low temperature in January of 10.9 degrees. The average rainfall is approximately 49.1 inches per year, with 60.7 inches of snow per year.