Closed

$400,000

40 Winter Street, Norway, ME 04268

7beds

3,021sqft

Multi Family

Built in 1910

-- sqft lot

$420,000 Zestimate^®

$132/sqft

$1,893 Estimated rent

Home value

$420,000

$357,000 - $483,000

$1,893/mo

Zestimate^® history

Owner options

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$1,893/mo

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$1,893/mo

Rent Zestimate^®

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$2,054/mo

Est. payment

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$2,054/mo

Est. payment

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What's special

Hot water baseboard heatingMetal roofPaved parking lot

Excellent opportunity for investor or owner-occupied investor. Property has been well maintained with the same owner since the mid 80's. Total of 5 apartments. The main apartment was used by the owner as a pre-school for decades. Time for rest and retirement for this Seller! Excellent safe area right behind the Stephens Hospital and Medical Buildings. Full dry basement for ample storage with entry thru bulkhead. Paved Parking lot, allowing one car per apartment. Bonus back yard for shared interests. Metal roof, hot water baseboard heating, town water and sewer, building deemed lead safe, Excellent tenant history who would love to continue to rent with the new owner.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Heating

Baseboard, Hot Water, Zoned, Radiator

Cooling

None

Features

In-Law Floorplan, One-Floor Living, Pantry, Storage, Walk-In Closet(s)
Flooring: Carpet, Laminate, Vinyl, Wood
Basement: Bulkhead,Full,Brick/Mortar

Interior area

Total structure area: 3,021
Total interior livable area: 3,021 sqft
Finished area above ground: 3,021
Finished area below ground: 0

Property

Parking

Parking features: Paved, On Site

Lot

Size: 0.28 Acres
Features: City Lot, Level, Open Lot, Landscaped

Details

Parcel number: NORYM030L034
Zoning: Mixed

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding, Wood Siding
Foundation: Brick/Mortar
Roof: Metal

Condition

Year built: 1910

Utilities & green energy

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

Community & HOA

Location

Region: Norway

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $222,461
Annual tax amount: $3,964
Date on market: 2/25/2025

Price history

Date	Event	Price
5/9/2025	Sold	$400,000+3.9%$132/sqft
Source: Maine Listings #1614947 Report a problem
3/1/2025	Contingent	$385,000$127/sqft
Source: Maine Listings #1614947 Report a problem
2/25/2025	Listed for sale	$385,000$127/sqft
Source: Maine Listings #1614947 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,964 +21.3%	$222,461 +0%
2023	$3,269 +4.2%	$222,400
2022	$3,136 +2.5%	$222,400 +26.9%
2021	$3,059 -0.6%	$175,300
2020	$3,077	$175,300
2019	$3,077 +2.1%	$175,300
2018	$3,015	$175,300
2017	$3,015 +8.2%	$175,300
2015	$2,787 +8.1%	$175,300
2013	$2,577 +2.1%	$175,300
2012	$2,524 +5.9%	$175,300
2011	$2,384	$175,300
2009	--	$175,300 +24.9%
2006	--	$140,300