Investor Special in the Heart of Bridgton - 3-Unit Value-Add Opportunity
Unlock the potential of this classic New England farmhouse-style multi-family property, ideally located on a corner lot just steps from downtown Bridgton. With strong bones and timeless character, this fixer-upper presents a rare opportunity for investors or owner-occupants looking to build equity and maximize rental income.
Currently configured as a multi-unit property with spacious layouts, the home features generous apartment sizes with high ceilings, large eat-in kitchens, and charming period details throughout. With the potential to create or reconfigure into a three-unit investment, the upside here is undeniable.
Set on a level 0.45-acre lot, the property includes ample parking, a barn for additional storage or future use, and inviting outdoor spaces such as porches and a screened-in area. Tenants will love the walkable location--just minutes to shops, restaurants, and Highland Lake, plus easy access to skiing and year-round recreation.
Whether you're looking to restore its historic charm or modernize for maximum returns, this is a prime opportunity in one of Maine's most desirable lake towns.
Active
Price cut: $35K (8/12)
$220,000
18 Gage Street, Bridgton, ME 04009
6beds
2,200sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Historic charmBarn for additional storageHigh ceilingsSpacious layoutsLarge eat-in kitchensGenerous apartment sizesCorner lot
- 160 days
- 829
- 64
Zillow last checked:
Listing updated:
Listed by:
JC North East Real Estate
Source: Maine Listings,MLS#: 1660359
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Laminate, Hardwood
- Basement: Interior Entry,Dirt Floor,Unfinished
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
- Finished area above ground: 2,200
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces
Features
- Levels: Multi/Split
Lot
- Size: 0.45 Acres
- Features: City Lot, Neighborhood, Level, Open Lot
Details
- Parcel number: BRGTM26L31
- Zoning: RES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse
- Property subtype: Multi Family
Materials
- Wood Frame, Asbestos
- Roof: Fiberglass,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, Fuses
- Sewer: Private Sewer
- Water: Public
Community & HOA
Location
- Region: Bridgton
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $144,829
- Annual tax amount: $2,211
- Date on market: 5/3/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $220,000-13.7%$100/sqft |
Source: | ||
| 7/1/2026 | Price change | $255,000-3.8%$116/sqft |
Source: | ||
| 5/19/2026 | Price change | $265,000-11.4%$120/sqft |
Source: | ||
| 5/3/2026 | Listed for sale | $299,000$136/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,143 | $144,829 |
| 2023 | $2,143 | $144,829 |
| 2022 | $2,143 | $144,829 |
| 2020 | $2,143 -1.3% | $144,829 |
| 2019 | $2,172 +1.4% | $144,829 |
| 2018 | $2,143 -3.3% | $144,829 |
| 2017 | $2,216 +3% | $144,829 |
| 2016 | $2,151 | $144,829 -4.1% |
| 2015 | -- | $151,094 |
| 2014 | $2,124 | $151,094 |
Find assessor info on the county website
Monthly payment
Est. payment




