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For Sale

Turnkey 6-Unit Multifamily

42 Spruce St,
Sanford, ME 04073
Represented by
The Boulos Company

Asset Snapshot

1900
Year Built
1980
Year Renovated
3
Floor Count
1
Building Count
0.10 Acres
Land Area
6 Units
Unit Count
0 SF
Average Unit Size
3,514 SF
Property Size

Offering Summary

Investment Overview

6-unit multifamily investment property in an established, in-town Sanford neighborhood, offering convenient access to downtown amenities, services, and major commuter routes Unit Mix: One (1) studio, one (1) 1-BR unit, & four (4) 2-BR units (separately metered electric). All units have been renovated. Situated in York County, one of Southern Maine's most active investment corridors, benefiting from regional growth and spillover demand from Greater Portland and the Seacoast Recent improvements include new roof, vinyl siding, & decks (2025) Opportunity to add three (3) additional bedrooms in the attic space if egress is installed. Confirm with City of Sanford. SALE PRICE: $675,000.00 | $112,500.00/unit | Cap Rate: 8.30%


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Listing Syndicated From

Buildout
For Sale
$675,000
Asking Price

Investment Sales Broker

Noah Stebbins
The Boulos Company