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Listed by Joe Leddy • Duston Leddy Real Estate • Cell: 603-494-6864
$ 1,300,000
Est. payment /mo
Active
4 Stimson ST Kittery, ME 03904
6 Beds
6 Baths
4,050 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $320
MLS Listing ID 5036006
Bedrooms 6
Full Baths 6
Construction Status Existing
Year Built 1890
Annual Tax Amount $9,363
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success
Location
State ME
County Me-york
Area Me-York
Zoning R-U
Rooms
Basement Entrance Interior
Basement Partial, Unfinished
Interior
Cooling None
Exterior
Garage Spaces 2.0
Utilities Available Other
Roof Type Shingle
Building
Story 3
Foundation Poured Concrete
Sewer Public
Architectural Style Colonial, Townhouse
Construction Status Existing
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