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  • $750,000

    40 Main Street, Limerick, ME 04048

    14beds
    3,770sqft
    : 
    $4,667/mo
    Get pre-qualified
    Multi Family
    Built in 1859
    -- sqft lot
    $733,700 Zestimate®
    $199/sqft
    $-- HOA

    What's special

    Mature landscapingBeautifully maintained lotGenerous outdoor space
    Offered as a fully operational, turnkey hospitality property, Jeremiah Mason House Bed and Breakfast remains open, actively welcoming guests, and accepting future reservations throughout the sale process. Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside. The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals. Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal. Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand. Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.
    14 days
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    563
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    41
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    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Source: Maine Listings,MLS#: 1674467MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 14
      • Bathrooms: 15
      • Full bathrooms: 11
      Heating
      • Direct Vent Heater, Forced Air, Zoned
      Cooling
      • Heat Pump, Window Unit(s)
      Features
      • 1st Floor Bedroom, Bathtub, In-Law Floorplan, Pantry, Primary Bedroom w/Bath
      • Flooring: Carpet, Vinyl, Wood
      • Basement: Bulkhead,Interior Entry,Walk-Out Access,Full,Unfinished
      Interior area
      • Total structure area: 3,770
      • Total interior livable area: 3,770 sqft
      • Finished area above ground: 3,410
      • Finished area below ground: 360

      Property

      Parking
      • Parking features: Paved, 11 - 20 Spaces, Off Street
      Accessibility
      • Accessibility features: 32 - 36 Inch Doors
      Features
      • Stories: 3
      • Patio & porch: Deck, Porch
      Lot
      • Size: 1.2 Acres
      • Features: Business District, City Lot, Level, Sidewalks
      Details
      • Parcel number: LIMEM22L69
      • Zoning: B

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Greek Revival
      • Property subtype: Multi Family
      Materials
      • Masonry, Wood Frame, Brick, Clapboard
      • Foundation: Granite, Brick/Mortar
      • Roof: Metal,Shingle,Slate
      Condition
      • Year built: 1859

      Utilities & green energy

      • Electric: Circuit Breakers, Generator Hookup
      • Sewer: Public Sewer
      • Water: Public, Well

      Community & HOA

      Location
      • Region: Limerick

      Financial & listing details

      • Price per square foot: $199/sqft
      • Tax assessed value: $675,536
      • Annual tax amount: $6,418
      • Date on market: 8/2/2026
      • Exclusions: list can be provided

        Estimated market value

        $733,700

        $697,000 - $770,000

        $2,214/mo

        Price history

        DateEventPrice
        8/2/2026Listed for sale$750,000+100%$199/sqft
        Source: Maine Listings #1674463 Report a problem
        3/11/2026Listing removed$1,285
        Source: Zillow Rentals Report a problem
        3/3/2026Price change$1,285-3%
        Source: Zillow Rentals Report a problem
        2/4/2026Price change$1,325-8.6%
        Source: Zillow Rentals Report a problem
        1/25/2026Listed for rent$1,450+9.4%
        Source: Zillow Rentals Report a problem
        12/7/2025Listing removed$1,325
        Source: Zillow Rentals Report a problem
        11/23/2025Price change$1,325-1.9%
        Source: Zillow Rentals Report a problem
        11/11/2025Price change$1,350-3.2%
        Source: Zillow Rentals Report a problem
        10/10/2025Price change$1,395-3.8%
        Source: Zillow Rentals Report a problem
        10/7/2025Listed for rent$1,450
        Source: Zillow Rentals Report a problem
        7/23/2025Listing removed$1,450
        Source: Zillow Rentals Report a problem
        7/10/2025Price change$1,450-3%
        Source: Zillow Rentals Report a problem
        7/6/2025Price change$1,495-3.5%
        Source: Zillow Rentals Report a problem
        6/17/2025Listed for rent$1,550+10.7%
        Source: Zillow Rentals Report a problem
        9/13/2024Listing removed$1,400
        Source: Zillow Rentals Report a problem
        7/28/2024Listed for rent$1,400
        Source: Zillow Rentals Report a problem
        10/3/2019Sold$375,000-2.6%$99/sqft
        Source: Maine Listings #1354376 Report a problem
        8/26/2019Pending sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage - Saco #1354372 Report a problem
        8/20/2019Listed for sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage - Saco #1354372 Report a problem
        8/12/2019Pending sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage - Saco #1354372 Report a problem
        8/12/2019Listed for sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage #1354376 Report a problem
        8/12/2019Pending sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage - Saco #1354372 Report a problem
        8/9/2019Listed for sale$385,000$102/sqft
        Source: Coldwell Banker Residential Brokerage - Saco #1354372 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,418 -1.4%$675,536 +57.8%
        2023$6,506 +7%$427,995
        2022$6,078 +6.9%$427,995 +25%
        2021$5,684 $342,396
        2020$5,684 -1.5%$342,396 -6.5%
        2019$5,768 +43.3%$366,229 +47%
        2018$4,024 +2.5%$249,173
        2017$3,924 +4.6%$249,173
        2016$3,750 +3.1%$249,173
        2015$3,638 +3.2%$249,173
        2014$3,526 -0.6%$249,173 -15.3%
        2013$3,549 +2.3%$294,072
        2012$3,470 +1.7%$294,072
        2011$3,411 $294,072 +0%
        2009-- $294,070
        2008-- $294,070 +76.7%
        2005-- $166,380
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 04048

        Getting around

        22 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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