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Adam Dow

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

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117 Dresden Ave , Gardiner, ME 04345
$310,000
Est. Payment: $688.89/mo
0 Bed
2 Bath
2196 Sqft
Status: Closed | Days on site: 6
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1951 - 017702,019276
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House Description

Unlock rare income potential in Gardiner's historic neighborhood! This fully renovated 2-unit apartment house offers charm, cash flow, and future upside. All within walking distance to parks, the downtown, the Kennebec River Rail Trail, and the river itself. Each unit is approx. 1,089 sq. ft. and features 2 bedrooms and 1 bath, gleaming hardwood floors, tiled baths, updated kitchens, and in-unit washer & dryers. The second-floor unit even includes a spacious walk-in closet off the primary bedroom, a tenant favorite! All major systems, including heating, plumbing, electrical, kitchen, and baths, were upgraded in 2019. Long-term leases mean immediate rental income, and the third-floor attic space with one bedroom already built is city-approved for conversion to a 1-bed unit, bringing potential for an extra $1,450/month. Numerous ways to add value make this a smart play for investors and owner-occupants alike. Outside, enjoy a farmer's porch perfect for relaxing, a stream running through the backyard, and a garage with bonus storage above. Private driveways add convenience for tenants. While the exterior needs paint, the property is priced accordingly, offering a solid opportunity to build equity quickly. Gardiner remains one of Maine's most desirable spots for its small-town feel, scenic surroundings, and steady rental demand. With a cost of living below the national average and easy access to I-95 and Portland, tenants love calling it home. Don't miss your chance to see this rare multi-unit before it's gone. Come envision your next great investment or house hack right here in Gardiner.

Highlights

Listed by Sam Prindle , 207-740-0596 Tim Dunham Realty , 207-729-7297.

Property Type

Multi-Family

Lot/Acreage
0.68

Year Built

1880

County

Kennebec

Listing ID

1629237

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Wood,Vinyl
Above Ground Sq Ft:2196
Below Ground Sq Ft:0
Basement:Interior,Full
Water:Public

Exterior Features

Lot:Open,Level,Sidewalks,Neighborhood,Rural
Zoning:RES
Roof:Shingle
Sewer:Public Sewer
Parking Features:5 - 10 Spaces,Paved,Off Street
Principal Interest
$689
Taxes
$284

Home Price

$310,000

Loan Details

30 yrs
%

Down Payment

20%
$62,000
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:
$688.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $688.89 $283.75 $0.00 $972.64
Yearly $8,266.67 $3,405.00 $0.00 $11,671.67
Total $248,000.00 $102,150.00 $0.00 $350,150.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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