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Adam Dow

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

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91 Bradley St , Saco, ME 04072
$1,550,000
Est. Payment: $3,444.44/mo
0 Bed
7 Bath
6321 Sqft
Status: Active | Days on site: 54
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3208 - 023335
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House Description

Rare opportunity to acquire a well-maintained, stabilized six-unit multifamily investment in one of Saco's most desirable rental markets. This fully occupied property offers a 7.40% in-place cap rate, $114,680 NOI, and long-term tenants providing immediate, reliable cash flow. Family-owned since 1970, this low-maintenance asset has been extensively updated with significant capital improvements, including updated electrical and plumbing, newer insulation, energy-efficient windows, spray-foamed basement areas, updated boiler, and renovated unit interiors. Each unit features modern kitchens with granite countertops, stainless steel appliances, in-unit laundry, solid wood doors, and LED/recessed lighting. The oversized lot provides parking for 13 vehicles, private or shared outdoor space for each unit, owner-accessed garage and storage, a timber-framed trash shed, and a large backyard. A 2021 property survey and anticipated July 2027 zoning revisions may provide future expansion potential, subject to municipal approvals. Conveniently located near downtown Saco, Portland, beaches, the Maine Turnpike, Amtrak, UNE, and USM, this is a rare opportunity to acquire a strong-performing multifamily asset with immediate income, minimal deferred maintenance, and long-term upside potential.

Highlights

Listed by Keeley Mann , 207-402-0837 Meservier & Associates , 207-784-2525.

Property Type

Multi-Family

Lot/Acreage
0.79

Year Built

1892

County

York

Listing ID

1669203

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:7
  • Full Bathrooms:6
Floor:Laminate,Vinyl,Wood
Above Ground Sq Ft:6321
Below Ground Sq Ft:0
Basement:Bulkhead,Unfinished
Water:Public

Exterior Features

Lot:Intown,Near Shopping,Neighborhood,Level,Open Lot,Sidewalks,Wooded
Zoning:Med Den Residential
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,11 - 20 Spaces,Off Street
Principal Interest
$3,444
Taxes
$1,297

Home Price

$1,550,000

Loan Details

30 yrs
%

Down Payment

20%
$310,000
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Monthly Price:
$3,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,444.44 $1,296.93 $0.00 $4,741.38
Yearly $41,333.33 $15,563.20 $0.00 $56,896.53
Total $1,240,000.00 $466,896.00 $0.00 $1,706,896.00

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 (Saco, 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.