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29 Lawrence Avenue , Fairfield, ME 04937

$389,000
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Active
BATHS6 full SQUARE FEET4,473 MLS#1653584
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRSU 49-MSAD 49

Property Description

Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.

29 Lawrence Avenue | MLS# 1653584

This multi-family property located at 29 Lawrence Avenue , Fairfield, ME 04937 is currently listed for sale with an asking price of $389,000. Lawrence Avenue is located within the RSU 49-MSAD 49 school district. Search Fairfield real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Baseboard, Forced Air, Hot Water, Zoned
Home Style: Other, Victorian
Lot Size: 0.33 Acres
Roof Type: Fiberglass, Metal, Pitched, Shingle
Taxes: $3,010
Year Built: 1880

Feature Descriptions

Accessibilitiy: 32 - 36 Inch Doors
Electric: Circuit Breakers
Flooring: Carpet, Laminate, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 4473
SQ FT Below Grade: 0
Water: Public

Local Schools

School District: RSU 49-MSAD 49

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Phone: 207-480-1050
Agent Name: Richard Fraser

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Estimated Payment

$ 1,230.04 per month $865.75 Principal & Interest $250.83 Property Tax $113.46 Homeowner's Insurance

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