309 Sanford Road, Wells, ME 04090

$995,000
Property Type: Multi-Family Baths: 6 Square Footage: 4,640 Lot Size (sq. ft.): 136,778 Status: Active Under Contract
Current Price: $995,000 List Date: 3/13/2026 Last Modified: 3/31/2026

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.

Supplements: ********

More Information MLS# 1653538

Location Information

Street #: 309 Street Name: Sanford Street Type: Road County: York Town: Wells State/Province: ME Zip Code: 04090 Leased Land: No Book: 18899 Page: 764 Map: 0133 Lot: 007 Zoning: RC Zoning Overlay: Unknown Association: No Full Tax Amount $: 4189 Tax Year: 2025 Tree Growth Y/N: No Geo Lat: 43.321969 Geo Lon: -70.59592

Contract Information

Status: Active Under Contract Original List Price: 995000 List Price: $995,000 Current Price: $995,000

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown 2 Detached Houses on 1 Lot: Yes Number of Units: 6 Total Baths: 6 Total Full Baths: 6 Color: White Year Built: 1977 SqFt Finished Above Grade: 4640 SqFt Finished Total: 4640 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 3.14 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 110 Source of Road Frontage: Public Records

Status Change Info

Kick-Out: No

Water Info

Water Frontage: No Water View: No Island: No

Building Info

# Stories: 2 # Floors: 2

Units

# of 1 BD Units: 4 # of 3 BD Units: 2

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Second Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Second Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: First Security Deposit: No Monthly Rent: 2000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: Second Security Deposit: No Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Open Location: Near Railroad; Near Town; Near Turnpike/Interstate Roads: Dirt Transportation: Major Road Access; Public Transport Access View: Trees/Woods Style: Colonial Construction: Wood Frame Basement: None Basement Entry: Not Applicable Foundation Materials: Other Exterior: Composition; Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Propane Water Heater: Other Water Heater Cooling: None Floors: Carpet; Vinyl Amenities: Laundry - Coin Driveway: Gravel Parking: 11 - 20 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: CENTURY 21 Atlantic Realty
Last Updated: March - 31 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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