$1,300,000

Pending

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

4 Stimson Street, Kittery, ME, 03904

4 Stimson Street, Kittery, ME, 03904
View larger map Directions

12 rooms

6 beds

1890

Colonial, Townhouse

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

Units:

3

Zoning:

R-U

Garage:

2-car Garage

Heating:

Forced Air

Cooling:

None

Basement:

Partial, Unfinished

Acreage:

0.25

Est. Taxes:

$9,363

Lot Description:

City Lot

MLS #:

1618847

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$1,250,000

2.5 baths

3,144 sqft

297 Long Beach Avenue, York, ME, 03909

Price Reduced!

$1,395,000

3 beds

4,280 sqft

435 York Street, York, ME, 03911

$1,249,000

4 baths

4,270 sqft

108/9,113 Sandy Beach Road, Glenburn, ME, 04401

Price Reduced!

$1,225,000

15 baths

11,708 sqft

52 Hampshire Street, Auburn, ME, 04210

$1,295,000

2 baths

1,536 sqft

542 Ocean Avenue, Wells, ME, 04090

Price Reduced!

$1,250,000

4 baths

2,640 sqft

14 Union Avenue, Old Orchard Beach, ME, 04064

$1,195,000

3 baths

2,699 sqft

65 Main Street, York, ME, 03909

Price Reduced!

$1,300,000

5 baths

4,608 sqft

1024 Cape Road, Limington, ME, 04049

$1,350,000

3 baths

2,861 sqft

12 Smith Street, Portland, ME, 04101

Price Reduced!

$1,404,000

4 baths

3,968 sqft

3 Nautical Way, Gray, ME, 04039

$1,295,000

6,393 sqft

243 & 245 High Street, Portland, ME, 04101

$1,250,000

2.5 baths

7,488 sqft

Ellsworth, ME, 04605

$1,250,000

3 baths

3,364 sqft

50 Montreal Street, Portland, ME, 04101

$1,350,000

6 baths

4,096 sqft

8 Maple Avenue, Bar Harbor, ME, 04609

$1,299,000

9,800 sqft

88 Bartlett Street, Lewiston, ME, 04240

$1,295,000

3 baths

3,684 sqft

106 Oakdale Street, Portland, ME, 04103

New or Coming Soon Properties

New Listing!

$1,495,000

7 baths

5,150 sqft

64 Gray Street, Portland, ME, 04102

New Listing!

$1,295,000

6 baths

9,600 sqft

871 Long Plains Road, Buxton, ME, 04093

New Listing!

$1,250,000

2 baths

3,176 sqft

139 Newbury Street, Portland, ME, 04101

New Listing!

$1,290,000

4 baths

4,016 sqft

105 Union Avenue, Old Orchard Beach, ME, 04064

New Listing!

$1,200,000

8 baths

5,582 sqft

99 High Street & 24 Miller Street, Belfast, ME, 04915

New Listing!

$1,495,000

5 baths

4,732 sqft

160 Washington Avenue, Portland, ME, 04101

New Listing!

$1,450,000

8 baths

6,376 sqft

63 Fletcher Street, Kennebunk, ME, 04043


Listing courtesy of Duston Leddy Real Estate Cell: 603-494-6864