Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
Closed
$399,000
1 N Main Street, Mechanic Falls, ME 04256
8beds
2,800sqft
Multi Family
Built in 1900
-- sqft lot
$417,800 Zestimate®
$143/sqft
$1,702 Estimated rent
Home value
$417,800
$359,000 - $489,000
$1,702/mo
Zestimate® history
Owner options
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$2,023/mo
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On the riverNew roof
Zillow last checked:
Listing updated:
Listed by:
Bearfoot Realty
Bought with:
Coldwell Banker Realty
Source: Maine Listings,MLS#: 1615581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Wood
- Basement: Exterior Entry
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
- Finished area above ground: 2,800
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: 36+ Inch Doors
Features
- Body of water: Little Androscoggin River
Lot
- Size: 1,742 sqft
- Features: Business District
Details
- Additional structures: Shed(s)
- Zoning: Downtown Business
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Mechanic Falls
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2025 | Sold | $399,000$143/sqft |
Source:  Maine Listings #1615581 Report a problem | ||
| 4/5/2025 | Pending sale | $399,000$143/sqft |
Source: Maine Listings #1615581 Report a problem | ||
| 4/2/2025 | Price change | $399,000-2.4%$143/sqft |
Source: Maine Listings #1615581 Report a problem | ||
| 3/6/2025 | Listed for sale | $409,000+157.2%$146/sqft |
Source: Maine Listings #1615581 Report a problem | ||
| 2/13/2019 | Listing removed | $159,000$57/sqft |
Source: Belanger Realty, Inc. #1339645 Report a problem | ||
| 3/3/2018 | Price change | $159,000+78.7%$57/sqft |
Source: Belanger Realty, Inc. #1339645 Report a problem | ||
| 9/13/2015 | Listed for sale | $89,000+48.3%$32/sqft |
Source: Owner Report a problem | ||
| 4/3/2014 | Sold | $60,000-14.2%$21/sqft |
Source: Agent Provided Report a problem | ||
| 8/9/2013 | Listed for sale | $69,900-30.1%$25/sqft |
Source: Prudential Northeast Properties #1105510 Report a problem | ||
| 1/28/2013 | Listing removed | $100,000$36/sqft |
Source: The Real Estate Book #1039448 Report a problem | ||
| 9/9/2012 | Listed for sale | $100,000$36/sqft |
Source: The Real Estate Book #1039448 Report a problem | ||
| 4/4/2012 | Listing removed | $100,000$36/sqft |
Source: Visual Tour #1039448 Report a problem | ||
| 1/18/2012 | Listed for sale | $100,000$36/sqft |
Source: Visual Tour #1039448 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04256
Nearby schools
GreatSchools rating
- 1/10Elm Street School-Mechanic FallsGrades: PK-6Distance: 0.5 mi
- 7/10Bruce M Whittier Middle SchoolGrades: 7-8Distance: 3 mi
- 4/10Poland Regional High SchoolGrades: 9-12Distance: 3 mi
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$417,800
2% more
+$8,356
With Zillow Showcase(estimated)
$426,156
- Maine
- Androscoggin County
- Mechanic Falls
- 04256
- 1 N Main Street
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