Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.
Active under contract
$995,000
309 Sanford Road, Wells, ME 04090
10beds
4,640sqft
Multi Family
Built in 1977
-- sqft lot
$947,000 Zestimate®
$214/sqft
$-- HOA
What's special
- 104 days |
- 32 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
CENTURY 21 Atlantic Realty
Source: Maine Listings,MLS#: 1653538
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Hot Water
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Flooring: Carpet, Vinyl
- Basement: None
Interior area
- Total structure area: 4,640
- Total interior livable area: 4,640 sqft
- Finished area above ground: 4,640
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 11 - 20 Spaces
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 3.14 Acres
- Features: Near Turnpike/Interstate, Near Town, Near Railroad, Level, Open Lot
Details
- Parcel number: WLLSM133L7
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Composition, Vinyl Siding
- Foundation: Other
- Roof: Shingle
Condition
- Year built: 1977
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Wells
Financial & listing details
- Price per square foot: $214/sqft
- Tax assessed value: $648,470
- Annual tax amount: $4,189
- Date on market: 3/13/2026
- Road surface type: Dirt
Estimated market value
$947,000
$900,000 - $994,000
$2,408/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Contingent | $995,000$214/sqft |
Source: | ||
| 3/13/2026 | Listed for sale | $995,000+31.8%$214/sqft |
Source: | ||
| 12/3/2021 | Sold | $755,000$163/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,943 +2% | $648,470 |
| 2023 | $3,865 -13.9% | $648,470 +51% |
| 2022 | $4,491 -0.6% | $429,370 |
| 2021 | $4,517 +0.4% | $429,370 |
| 2020 | $4,500 +5.9% | $429,370 +5.3% |
| 2019 | $4,251 +2.9% | $407,930 +1.9% |
| 2018 | $4,131 +1.6% | $400,270 |
| 2017 | $4,067 +1% | $400,270 |
| 2016 | $4,027 +1.1% | $400,270 |
| 2015 | $3,983 +9.1% | $400,270 |
| 2013 | $3,650 +1.4% | $400,270 -4% |
| 2012 | $3,598 | $416,920 |
| 2011 | $3,598 +3.6% | $416,920 |
| 2009 | $3,473 +1.3% | $416,920 |
| 2008 | $3,427 +39.8% | $416,920 +34.1% |
| 2005 | $2,452 | $310,790 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04090
Nearby schools
GreatSchools rating
- 9/10Wells Elementary SchoolGrades: K-4Distance: 0.1 mi
- 8/10Wells Junior High SchoolGrades: 5-8Distance: 0.7 mi
- 8/10Wells High SchoolGrades: 9-12Distance: 0.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- York County
- Wells
- 04090
- 309 Sanford Road






