Property Description

Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.

Property Features