$1,300,000

Pending

Est. Mortgage $0/mo *

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4 Stimson Street, Kittery, ME, 03904

4 Stimson Street, Kittery, ME, 03904
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6 Full baths

1890

Other

4,050 sqft

Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success.

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Laundry - 1st Floor, Main Level

Units:

3

Zoning:

res

Garage:

2-car

Heating:

Forced Air

Cooling:

None

Basement:

Walk-Out Access, Partial

Parking:

11 - 20 Spaces, Paved, Common, On Site

Acreage:

0.25

Est. Taxes:

$9,363

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Near Shopping, Near Town

MLS #:

1618847

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Duston Leddy Real Estate