Closed

$220,000

4 Otis Street, Jay, ME 04239

8beds

2,675sqft

Multi Family

Built in 1900

-- sqft lot

$253,700 Zestimate^®

$82/sqft

$1,191 Estimated rent

Home value

$253,700

$228,000 - $282,000

$1,191/mo

Zestimate^® history

Owner options

List your home for rent

$1,191/mo

Rent Zestimate^®

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$1,191/mo

Rent Zestimate^®

Refinance and save

$1,448/mo

Est. payment

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$1,448/mo

Est. payment

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What's special

Reinforced foundationConvenience to shoppingHeating systemNew roof

Check out this beautiful three-unit with many new upgrades! From a new roof and heating system, to a reinforced foundation, updated electrical, and a new sewer line, this property has it all! Conveniently located in town, 4 Otis Street boasts accessibility and convenience to shopping, schools, and other public amenities. At an 11.6% cap rate, this fully rented triplex is an amazing investment opportunity you won't want to miss!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Tile, Vinyl
Basement: Interior Entry

Interior area

Total structure area: 2,675
Total interior livable area: 2,675 sqft
Finished area above ground: 2,675
Finished area below ground: 0

Property

Features

Levels: Multi/Split
Body of water: Androscoggin

Lot

Size: 9,583 Square Feet

Details

Parcel number: JAYYM015L055
Zoning: Res

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Jay

Financial & listing details

Price per square foot: $82/sqft
Tax assessed value: $55,870
Annual tax amount: $2,711
Date on market: 3/29/2024

Price history

Date	Event	Price
5/31/2024	Sold	$220,000-2.2%$82/sqft
Source: Maine Listings #1585239 Report a problem
4/19/2024	Pending sale	$225,000$84/sqft
Source: Maine Listings #1585239 Report a problem
3/29/2024	Listed for sale	$225,000$84/sqft
Source: Maine Listings #1585239 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,229 -4.4%	$55,870
2023	$1,285 +12.2%	$55,870
2022	$1,145	$55,870
2021	$1,145	$55,870
2020	$1,145 +12.3%	$55,870
2019	$1,020 -9.8%	$55,870
2018	$1,131 -10%	$55,870
2017	$1,257 +6.6%	$55,870
2016	$1,179 +22.3%	$55,870
2015	$964 +9.5%	$55,870
2014	$880	$55,870