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  • Listed by: Duston Leddy Real Estate
    Bought with: The Aland Realty Group
    $1,200,000

    4 Stimson Street, Kittery, ME 03904

    6beds
    6baths
    4,050sqft
    Multi Family
    Built in 1890
    -- sqft lot
    $1,188,200 Zestimate®
    $296/sqft
    $3,326 Estimated rent

    Home value

    $1,188,200

    $1.07M - $1.32M

    $3,326/mo

    Zestimate® history
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    $5,943/mo

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    What's special

    Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Leddy,

    Duston Leddy Real Estate Cell:603-494-6864

    Bought with:

    Lauren Belaidi

    The Aland Realty Group

    Source: PrimeMLS,MLS#: 5036006MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Partial,Unfinished,Interior Entry
    Interior area
    • Total structure area: 4,050
    • Total interior livable area: 4,050 sqft
    • Finished area above ground: 4,050
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved
    • Garage spaces: 2
    Features
    • Levels: 3
    Lot
    • Size: 0.25 Acres
    • Features: City Lot
    Details
    • Parcel number: KITTM003L023
    • Zoning description: R-U

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Poured Concrete
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Other

    Community & neighborhood

    Location
    • Region: Kittery

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/6/2025Sold$1,200,000-7.7%$296/sqft
    Source: PrimeMLS #5036006 Report a problem
    5/5/2025Contingent$1,300,000$321/sqft
    Source: PrimeMLS #5036006 Report a problem
    4/11/2025Listed for sale$1,300,000$321/sqft
    Source: Maine Listings #1618847 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$9,363 +4.3%$659,400
    2023$8,974 +1%$659,400
    2022$8,889 +3.7%$659,400
    2021$8,572 $659,400
    2020$8,572 +20.5%$659,400 +61.3%
    2019$7,115 +5.8%$408,900 +2.1%
    2018$6,727 +1.8%$400,400
    2017$6,607 +2.8%$400,400
    2016$6,426 +2.4%$400,400
    2015$6,274 +1%$400,400
    2014$6,214 +40.7%$400,400 +38%
    2013$4,417 $290,200 +16.5%
    2010-- $249,100

    Find assessor info on the county website

    Neighborhood: Kittery

    Nearby schools

    GreatSchools rating
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    $1,188,200
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    +$23,764
    With Zillow Showcase(estimated)
    $1,211,964