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  • Price cut: $15K (5/20)
    $485,000

    128 Middle Street, Farmington, ME 04938

    4beds
    3,698sqft
    : 
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    Multi Family
    Built in 1884
    -- sqft lot
    $-- Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Paved private drivewayAdministrative officeLarge reception areaHardwood floorsFive exam roomsLab spaceLarge paved parking lot
    AMAZING LOCATION IN THE HEART OF FARMINGTON'S DOWNTOWN VILLAGE DISTRICT!!! This property has been meticulously maintained by the same owners for the past 35 years and offers a strong rental history. The first floor has been home to a physical therapy practice since 1991. The space offers a large reception area and waiting area with a bathroom. There are five exam rooms, a beautiful physical therapy space with plenty of natural light and hardwood floors, a lab space, an administrative office, a therapist office with docking stations and an additional full bathroom with laundry. Parking is not an issue with the paved private driveway leading to the large, paved parking lot. On street parking is also available for patients. The second floor is a spacious, four-bedroom one bath unit with laundry on site as well. The open concept living, dining and kitchen offers ample space for entertaining family and friends. This property is within walking distance of the Downtown Business District, local and state educational facilities, public trail systems and parks and the community center is just across the street. You can't ask for a more convenient location for a property that generates over $34,000 annually in net proceeds with an increase projected for 2026. This can be an owner occupied, multi-use building with a commercial tenant on the first floor. Currently there are tenants on the second floor with a medical practice on the first floor. It would not take much to convert this property back into a full residential home after the current leases expire. COME AND EXPLORE THE POSSIBILITIES!!!
    78 days
    |
    291
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Palmer Realty Group 800-988-3055

    Source: Maine Listings,MLS#: 1657464MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      Heating
      • Baseboard, Hot Water
      Cooling
      • Wall Unit(s)
      Features
      • Bathtub, Shower, Storage, Walk-In Closet(s)
      • Flooring: Carpet, Vinyl, Wood
      • Basement: Interior Entry,Crawl Space,Full,Partial,Unfinished
      Interior area
      • Total structure area: 3,698
      • Total interior livable area: 3,698 sqft
      • Finished area above ground: 3,698
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved, 11 - 20 Spaces, On Site, Off Street, On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: Multi/Split
      Lot
      • Size: 0.27 Acres
      • Features: Business District, Level, Open Lot
      Details
      • Parcel number: FARNMU13L004
      • Zoning: Village
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: New Englander
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Stone
      • Roof: Metal
      Condition
      • Year built: 1884

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Utilities On

      Community & HOA

      Location
      • Region: Farmington

      Financial & listing details

      • Price per square foot: $131/sqft
      • Tax assessed value: $175,400
      • Annual tax amount: $5,019
      • Date on market: 4/11/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/20/2026Price change$485,000-3%$131/sqft
        Source: Maine Listings #1657461 Report a problem
        4/11/2026Listed for sale$499,999+471.4%$135/sqft
        Source: Maine Listings #1657461 Report a problem
        5/15/1991Sold$87,500$24/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,762 +7.7%$175,400
        2023$3,492 +10.6%$175,400
        2022$3,157 -6.3%$175,400
        2021$3,368 $175,400
        2020$3,368 -3.7%$175,400 +0.2%
        2019$3,497 +2.1%$175,000
        2018$3,425 -1.9%$175,000
        2017$3,490 +3.4%$175,000
        2016$3,374 +2.6%$175,000
        2015$3,290 +8.3%$175,000 -0.2%
        2014$3,038 +10%$175,400
        2013$2,763 -6%$175,400 -0.9%
        2012$2,938 +3.7%$177,000
        2011$2,834 +4.7%$177,000
        2009$2,708 +0.1%$177,000
        2008$2,705 +9.7%$177,000 +13.7%
        2006$2,465 $155,700

        Find assessor info on the county website

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          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Neighborhood: 04938

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