Closed

$246,000

16 Northern Avenue, Farmingdale, ME 04344

3beds

1sqft

Multi Family

Built in 1890

-- sqft lot

$-- Zestimate^®

$246,000/sqft

$2,288 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,288/mo

Zestimate^® history

Owner options

List your home for rent

$2,288/mo

Rent Zestimate^®

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$2,288/mo

Rent Zestimate^®

Refinance and save

$1,646/mo

Est. payment

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$1,646/mo

Est. payment

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What's special

Studio apartmentLive entertainmentPlenty of great restaurants

A great opportunity to get into the rental business or expend your portfolio with this 3 unit apartment building. Property is right across from the Kennebec river and amazing walking trails. It is only 1/2 Mile from downtown Gardiner and only 4 miles from Downtown Hallowell which means theres plenty of great restaurants, live entertainment, and shopping to chose from. The 1st floor unit is a 2 bedroom, 1 bathroom that is currently owner occupied. Second floor unit is a 1 bedroom, 1 bathroom that is currently being rented. Third floor unit is a studio apartment that is currently vacant. Don't miss this amazing business opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Direct Vent Heater

Cooling

None

Features

Flooring: Carpet, Vinyl, Wood
Basement: Exterior Entry,Walk-Out Access,Full,Sump Pump,Unfinished

Interior area

Total structure area: 1
Total interior livable area: 1 sqft
Finished area above ground: 1
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 5 - 10 Spaces, On Site

Features

Levels: Multi/Split

Lot

Size: 3,484 sqft
Features: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Rolling Slope, Sidewalks

Details

Parcel number: FAREM22L005
Zoning: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Other,Split Level
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Roof: Shingle

Condition

Year built: 1890

Utilities & green energy

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

Community & neighborhood

Location

Region: Farmingdale

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
9/11/2023	Sold	$246,000+12.3%$246,000/sqft
Source: Maine Listings #1567118 Report a problem
8/14/2023	Pending sale	$219,000$219,000/sqft
Source: Maine Listings #1567118 Report a problem
8/13/2023	Contingent	$219,000$219,000/sqft
Source: Maine Listings #1567118 Report a problem
8/5/2023	Listed for sale	$219,000$219,000/sqft
Source: Maine Listings #1567118 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,194 +7.7%	$91,400
2023	$2,038 +8.8%	$91,400
2022	$1,874 +17.9%	$91,400
2021	$1,590 -0.6%	$91,400
2020	$1,600 +2%	$91,400
2019	$1,568 +3%	$91,400 -2.1%
2018	$1,522 +1.5%	$93,400
2017	$1,499 +4.5%	$93,400
2016	$1,434 +7.7%	$93,400
2015	$1,331 +1.8%	$93,400
2014	$1,308 +6.1%	$93,400
2013	$1,233 +67.1%	$93,400 +74.7%
2012	$738	$53,460
2011	$738	$53,460