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Active under contract
  • $995,000

    309 Sanford Road, Wells, ME 04090

    10beds
    4,640sqft
    : 
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    Multi Family
    Built in 1977
    -- sqft lot
    $947,000 Zestimate®
    $214/sqft
    $-- HOA

    What's special

    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.
    104 days
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    32
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    CENTURY 21 Atlantic Realty

    Source: Maine Listings,MLS#: 1653538MLS Logo

      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

        DateEventPrice
        3/31/2026Contingent$995,000$214/sqft
        Source: Maine Listings #1653538 Report a problem
        3/13/2026Listed for sale$995,000+31.8%$214/sqft
        Source: Maine Listings #1653538 Report a problem
        12/3/2021Sold$755,000$163/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax 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

          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

          Getting around

          19 / 100
          Car-Dependent
          31 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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