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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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15 South St , Freeport, ME 04032
$1,195,000
Est. Payment: $6,165.69/mo
0 Bed
4 Bath
3900 Sqft
Status: active with contingency | Days on site: 57
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.

Highlights

Listed by Andy Yau , 646-525-1672 RE/MAX Shoreline , 603-431-1111. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1950

County

Cumberland

Listing ID

1661934

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Window Unit(s)
Fireplaces:
Floor:Vinyl,Hardwood,Luxury Vinyl
Above Ground Sq Ft:3900
Below Ground Sq Ft:0
Basement:Not Applicable
Other:Public

Exterior Features

Lot:Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Open Lot
Zoning:Multifamily
Roof:Flat
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces
Principal Interest
$6,166
Taxes
$772

Home Price

$1,195,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$239,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,165.69

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,165.69 $772.00 $0.00 $6,937.69
Yearly $73,988.25 $9,264.00 $0.00 $83,252.25
Total $2,219,647.36 $277,920.00 $0.00 $2,497,567.36

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Freeport, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

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