BATHS4 full
SQUARE FEET3,168
MLS#1653362
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SCHOOLWells-Ogunquit CSD
Property Description
Rare Fourplex Opportunity in Wells, Maine - 1646 Branch RoadInvestors take notice! This rare four-unit property in desirable Wells, Maine offers strong rental income with additional upside potential. Each unit features 2 bedrooms and 1 full bath, providing an ideal layout for long-term tenants.Units A & B are heated with efficient kerosene monitor heaters, while Units C & D have been updated with newer Rinnai propane heaters, offering improved efficiency and reliability. One unit will be delivered vacant at closing--perfect for an owner-occupant looking to offset their mortgage or for an investor seeking immediate rent growth.Current rents are solid with room for improvement, making this a strong value-add opportunity in a high-demand rental market. Conveniently located near area beaches, shopping, and commuter routes, this property combines steady income potential with long-term appreciation in one of Southern Maine's most sought-after communities.
Property Features
Property Type: Multi Unit - Multiple
Basement: None, Not Applicable
Heating: Direct Vent Heater, Baseboard
Home Style: Split Level, Colonial
Lot Size: 0.64 Acres
Roof Type: Shingle
Taxes: $3,905
Year Built: 1974
Feature Descriptions
Electric: Circuit Breakers
Equipment: Internet Access Available, Cable
Exterior: Vinyl Siding, Wood Frame
Flooring: Vinyl, Laminate, Carpet
Foundation: Block
Lot: Level, Wooded, Abuts Conservation, Rural
Parking: 11 - 20 Spaces, Gravel, On Site, Off Street
Road Surface: Paved
Sewer: Septic Tank, Private Sewer
Special View Info: Trees/Woods
SQ FT Above Grade: 3168
SQ FT Below Grade: 0
Water: Well, Private
Wooded: Yes
Local Schools
School District: Wells-Ogunquit CSD
Listed By / Shown By
Listed By
Agency Name: River's Edge Realty LLC
Agent Name: Jayson Kuhn
Agency Phone: 207-504-9723
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,465.06 per month $1,891.73 Principal & Interest $325.42 Property Tax $247.92 Homeowner's Insurance
1646 Branch Road | MLS# 1653362
This multi-family property located at 1646 Branch Road, Wells, ME 04090 is currently listed for sale with an asking price of $849,999. Branch Road is located within the Wells-Ogunquit CSD school district. Search Wells real estate on www.masiellogrouprealestate.com today.