Property Type:Multi-FamilyBaths:6Square Footage:4,640Lot Size (sq. ft.):136,778Status:Active Under Contract
Current Price:$995,000List Date:3/13/2026Last 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.
Status: Active Under ContractOriginal List Price: 995000List Price: $995,000Current Price: $995,000
Property Information
Surveyed: UnknownSeasonal: NoOwner Occupied: NoDeed/Conveyance Type Offered: WarrantyDeed: AllDeed Restrictions: Unknown2 Detached Houses on 1 Lot: YesNumber of Units: 6Total Baths: 6Total Full Baths: 6Color: WhiteYear Built: 1977SqFt Finished Above Grade: 4640SqFt Finished Total: 4640SqFt Source: Public RecordsGarage: NoLot Size Acres +/-: 3.14Source of Acreage: Public RecordsRoad Frontage: YesRoad Frontage +/-: 110Source of Road Frontage: Public Records
Status Change Info
Kick-Out: No
Water Info
Water Frontage: NoWater View: NoIsland: No
Building Info
# Stories: 2# Floors: 2
Units
# of 1 BD Units: 4# of 3 BD Units: 2
Unit 1
Lease: NoLevel: FirstSecurity Deposit: NoMonthly Rent: 1000# Full Baths: 1# of Rooms: 3# of Bedrooms: 1Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 2
Lease: NoLevel: FirstSecurity Deposit: NoMonthly Rent: 1000# Full Baths: 1# of Rooms: 3# of Bedrooms: 1Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 3
Lease: NoLevel: SecondSecurity Deposit: NoMonthly Rent: 1000# Full Baths: 1# of Rooms: 3# of Bedrooms: 1Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 4
Lease: NoLevel: SecondSecurity Deposit: NoMonthly Rent: 1000# Full Baths: 1# of Rooms: 3# of Bedrooms: 1Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesWater: Yes
Unit 5
Lease: NoLevel: FirstSecurity Deposit: NoMonthly Rent: 2000# Full Baths: 1# of Rooms: 5# of Bedrooms: 3Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 6
Lease: NoLevel: SecondSecurity Deposit: NoMonthly Rent: 1500# Full Baths: 1# of Rooms: 5# of Bedrooms: 3Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Utilities
Utilities On: Yes
Property Features
Site: Level; OpenLocation: Near Railroad; Near Town; Near Turnpike/InterstateRoads: DirtTransportation: Major Road Access; Public Transport AccessView: Trees/WoodsStyle: ColonialConstruction: Wood FrameBasement: NoneBasement Entry: Not ApplicableFoundation Materials: OtherExterior: Composition; Vinyl SidingRoof: ShingleHeat System: Baseboard; Hot WaterHeat Fuel: PropaneWater Heater: Other Water HeaterCooling: NoneFloors: Carpet; VinylAmenities: Laundry - CoinDriveway: GravelParking: 11 - 20 SpacesVehicle Storage: No Vehicle StorageElectric: Circuit BreakersGas: BottledSewer: Public SewerWater: Public