$1,550,000

House for sale Saco
Property photo number 1 of 16 Photos for Property. File  104920026_29_f0a0a49fc2988b5a46354f1a55b1b0ff.jpeg

Overview

SUMMARY: Discover an opportunity with this Saco house for sale and available for $1,550,000. This could be your next ideal home or a smart investment. More details await.
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.
Request details

Details

  • Baths: 6
  • Price: $1,550,000
  • Area: 6,321 sqft

Location

Marketed by:

  • Listing Manager
Request details
Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.