Active

$549,000

18 Cole Street, Westbrook, ME 04092

5beds

1,548sqft

$3,838/mo

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Multi Family

Built in 1920

-- sqft lot

$529,000 Zestimate^®

$355/sqft

$-- HOA

What's special

Coming to the Westbrook market is this beautifully maintained 3-Unit. With strong tenants in place and one unit that has been vacated for the sale, this building is turn key and ready for its next owner! Boasting 2 two bedroom units and a renovated studio this is perfect for investment or an owner occupied buyer. Professional management in place. The vacant unit can remain empty or management can fill it, the buyer will have the option. Coin operated laundry and plenty of off street parking are two extra benefits of this one! Come take a look!

413 days
478
39

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Direct Vent Heater

Cooling

None

Appliances

Laundry: Laundry - Coin

Features

Attic, Storage
Flooring: Carpet, Laminate, Wood
Basement: Interior Entry,Walk-Out Access,Full,Unfinished

Interior area

Total structure area: 1,548
Total interior livable area: 1,548 sqft
Finished area above ground: 1,548
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces, On Site, Off Street

Features

Levels: Multi/Split

Lot

Size: 3,484 Square Feet
Features: City Lot, Near Shopping, Near Town, Neighborhood, Open Lot, Sidewalks, Landscaped

Details

Parcel number: WSBRM032L194
Zoning: R1
Other equipment: Cable, Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander,Other
Property subtype: Multi Family

Materials

Wood Frame, Wood Siding
Foundation: Brick/Mortar
Roof: Shingle

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Westbrook

Financial & listing details

Price per square foot: $355/sqft
Tax assessed value: $260,900
Annual tax amount: $4,352
Date on market: 8/20/2025

Estimated market value

$529,000

$503,000 - $555,000

$2,471/mo

Price history

Date	Event	Price
8/25/2026	Listed for sale	$549,000$355/sqft
Source: Maine Listings #1634969 Report a problem
6/16/2026	Contingent	$549,000$355/sqft
Source: Maine Listings #1634969 Report a problem
6/8/2026	Price change	$549,000-5.2%$355/sqft
Source: Maine Listings #1634969 Report a problem
5/26/2026	Price change	$579,000-1.7%$374/sqft
Source: Maine Listings #1634969 Report a problem
3/22/2026	Price change	$589,000-1.7%$380/sqft
Source: Maine Listings #1634969 Report a problem
2/16/2026	Listed for sale	$599,000$387/sqft
Source: Maine Listings #1634969 Report a problem
2/2/2026	Contingent	$599,000$387/sqft
Source: Maine Listings #1634969 Report a problem
10/3/2025	Price change	$599,000-7.8%$387/sqft
Source: Maine Listings #1634969 Report a problem
9/8/2025	Price change	$649,900-7%$420/sqft
Source: Maine Listings #1634969 Report a problem
8/20/2025	Listed for sale	$699,000+119.5%$452/sqft
Source: Maine Listings #1634969 Report a problem
12/2/2019	Sold	$318,500-6.2%$206/sqft
Source: Maine Listings #1425953 Report a problem
8/9/2019	Pending sale	$339,500$219/sqft
Source: Keller Williams Realty #1425953 Report a problem
7/23/2019	Listed for sale	$339,500+36%$219/sqft
Source: Keller Williams Realty #1425953 Report a problem
6/21/2009	Listing removed	$249,600$161/sqft
Source: Keller Williams Realty #919648 Report a problem
4/7/2009	Listed for sale	$249,600$161/sqft
Source: Keller Williams Realty #919648 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,352	$260,900
2023	$4,352 +10%	$260,900 +19.4%
2022	$3,957 +1.5%	$218,600
2020	$3,898 -0.2%	$218,600
2019	$3,904 +11.3%	$218,600 +24.3%
2018	$3,509 +5.7%	$175,900
2017	$3,321 +2.6%	$175,900
2016	$3,237 +2.5%	$175,900
2015	$3,159 +4.4%	$175,900
2014	$3,025	$175,900
2013	$3,025 -1.2%	$175,900
2012	$3,061	$175,900
2011	$3,061 +4.2%	$175,900
2009	$2,938 -2.3%	$175,900 -9.7%
2008	$3,006 +45.9%	$194,800 +125.7%
2006	$2,060	$86,300