441 & 455 Main St South Berwick, ME 03908
South Berwick NeighborhoodEstimated payment $11,934/month
Highlights
- Wood Flooring
- Cooling Available
- Forced Air Heating System
- No HOA
- Landscaped
- Baseboard Heating
About This Home
Two buildings with 10 units and 29 beds across two adjacent parcels in highly desirable South Berwick. Undervalued for the bed count, offering a potential cap rate exceeding 13.16%. There is a third building that can be rebuilt for a quadplex or townhouse condos, for additional value add potential. The first building is an elegant septa(7) decker with all 3 bedrooms each, making it the perfect building for condo conversions. Tour through the units and enjoy the stunning upgrades throughout. Units are all spacious with beautiful hardwood floors and tile flooring throughout, paired with modern touches like granite or quartz countertops, stainless steel appliances, and bright white kitchen cabinets. Each unit also features in-unit washer/dryers, stylish tile backsplashes in bathrooms and kitchens, and access to a back porch deck for outdoor relaxation in the spring time. The second building is a mixed-use triplex with approximately 4,000 square feet, featuring a spacious ground-floor commercial space with large bay windows, ideal for retail or office use, and two large upstairs apartments. The units offer plenty of character with beautiful tin ceilings and hardwood floors. The location is ideal, situated close to town and within a short distance of amenities such as schools, restaurants, and grocery stores. Vaughan Woods State Park and the Naval Shipyard are nearby. It's conveniently less than an hour from Portland, just over an hour from Boston, and 25 minutes from Portsmouth. Offers for both properties as a package will take precedence. Delayed private showings begin on Saturday April 19, 2025 and Monday April 21.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,857
Year Built
- Built in 1912
Lot Details
- 0.7 Acre Lot
- Landscaped
- Level Lot
Home Design
- 11,042 Sq Ft Home
- Wood Frame Construction
- Rolled or Hot Mop Roof
- Vinyl Siding
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Block 16
- Assessor Parcel Number 441455mainstreetsouthberwick03908
Community Details
Overview
- No Home Owners Association
- 10 Units
Building Details
- Operating Expense $54,161
- Gross Income $190,800
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $1,950,000 | -- | $177 / Sq Ft |
Source: Maine Listings
MLS Number: 1619194
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
- 455 Main St
- 441 Main St
- 67-69 South St
- 51-53 South St
- 39 Young St
- 301 Route 236
- 417 Locust St
- 4 Buttonwood Rd
- 5 Elizabeth Rd
- 3 Howe Rd
- 8 High Knoll Dr
- 27 Powerhouse Rd
- 571 Rollins Rd
- 18B Birch Hill Ln Unit 18B
- 33 Emerys Bridge Rd
- 94 Stillwater Cir
- 84 Stillwater Cir
- 49 Emerys Bridge Rd
- 242 Green St
- 3A Gagnon Hill Rd Unit 3D