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    • $815,000

    1646 Branch Road, Wells, ME 04090

    8beds
    3,168sqft
    Multi Family
    Built in 1974
    -- sqft lot
    $817,400 Zestimate®
    $257/sqft
    $2,218 Estimated rent

    Home value

    $817,400

    $760,000 - $875,000

    $2,218/mo

    Zestimate® history
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    $2,218/mo

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    $4,036/mo

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    $4,036/mo

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    What's special

    Newer rinnai propane heatersEfficient kerosene monitor heaters
    Rare Fourplex Opportunity in Wells, Maine - 1646 Branch Road Investors take notice! This rare four-unit property in desirable Wells, Maine offers strong rental income with additional upside potential. Each unit features 2 bedrooms and 1 full bath, providing an ideal layout for long-term tenants. Units A & B are heated with efficient kerosene monitor heaters, while Units C & D have been updated with newer Rinnai propane heaters, offering improved efficiency and reliability. One unit will be delivered vacant at closing--perfect for an owner-occupant looking to offset their mortgage or for an investor seeking immediate rent growth. Current rents are solid with room for improvement, making this a strong value-add opportunity in a high-demand rental market. Conveniently located near area beaches, shopping, and commuter routes, this property combines steady income potential with long-term appreciation in one of Southern Maine's most sought-after communities.

    Zillow last checked:

    Listing updated:

    Listed by:

    River's Edge Realty LLC

    Bought with:

    The Maine Real Estate Experience

    Source: Maine Listings,MLS#: 1653362MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Direct Vent Heater
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Vinyl, Luxury Vinyl
    • Basement: None
    Interior area
    • Total structure area: 3,168
    • Total interior livable area: 3,168 sqft
    • Finished area above ground: 3,168
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 11 - 20 Spaces, On Site, Off Street
    Features
    • Levels: Multi/Split
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 0.64 Acres
    • Features: Abuts Conservation, Rural, Level, Wooded
    Details
    • Additional structures: Shed(s)
    • Parcel number: WLLSM084L5
    • Zoning: R
    • Other equipment: Cable, Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Split Level
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Year built: 1974

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer, Septic Tank
    • Water: Private, Well
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Wells

    Financial & listing details

    • Price per square foot: $257/sqft
    • Tax assessed value: $500,250
    • Annual tax amount: $3,905
    • Date on market: 3/5/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/22/2026Pending sale$849,999+4.3%$268/sqft
    Source: Maine Listings #1653362 Report a problem
    6/19/2026Sold$815,000-4.1%$257/sqft
    Source: Maine Listings #1653362 Report a problem
    3/21/2026Contingent$849,999$268/sqft
    Source: Maine Listings #1653362 Report a problem
    3/5/2026Price change$849,999+13.3%$268/sqft
    Source: Maine Listings #1653362 Report a problem
    10/7/2024Pending sale$749,900-6.3%$237/sqft
    Source: Maine Listings #1602381 Report a problem
    10/4/2024Sold$800,000+6.7%$253/sqft
    Source: Maine Listings #1602381 Report a problem
    9/10/2024Contingent$749,900$237/sqft
    Source: Maine Listings #1602380 Report a problem
    9/2/2024Listed for sale$749,900$237/sqft
    Source: Maine Listings #1602380 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,042 +2%$500,250
    2023$2,981 -17.9%$500,250 +44.1%
    2022$3,631 -0.5%$347,100
    2021$3,651 +0.4%$347,100
    2020$3,638 +2.1%$347,100 +1.5%
    2019$3,562 +1%$341,870
    2018$3,528 +1.6%$341,870
    2017$3,473 +1%$341,870
    2016$3,439 +1.1%$341,870
    2015$3,402 +9.2%$341,870 +0.1%
    2013$3,115 +1.2%$341,560 -4.2%
    2012$3,078 $356,670
    2011$3,078 +3.6%$356,670
    2009$2,971 +1.3%$356,670
    2008$2,932 +95.1%$356,670 +87.2%
    2005$1,503 $190,480
    Find assessor info on the county website

    Neighborhood: 04090

    Nearby schools

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    $833,748

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