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  • $561,000

    5 Wakefield Avenue, Saco, ME 04072

    6beds
    2,122sqft
    Multi Family
    Built in 1850
    -- sqft lot
    $559,100 Zestimate®
    $264/sqft
    $2,365 Estimated rent

    Home value

    $559,100

    $498,000 - $626,000

    $2,365/mo

    Zestimate® history
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    $2,778/mo

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    What's special

    Natural lightAmple living spaceSpacious units
    Charming 3-Unit Building in Saco, Maine Located in a highly sought-after neighborhood, this 3-unit building offers a perfect blend of comfort, convenience, and location. Whether you're an investor looking for a prime rental property or someone seeking to live in one unit and rent the others, this property has great potential . You'll enjoy a peaceful setting with easy access to everything you need. Close to Beaches: Just a 10-minute drive to the stunning beaches of Southern Maine, perfect for summer relaxation or year-round coastal enjoyment.Proximity to Golf Courses: Located near several top-rated golf courses, providing a great opportunity for golf enthusiasts to enjoy their favorite pastime.Easy Access to Major Highways: With quick access to the Maine Turnpike (I-95), commuting to Portland, Boston, or other parts of New England is a breeze.Spacious Units: The building features three comfortable units, each with ample living space, natural light, and a welcoming atmosphere. This is a Great Investment Opportunity: Whether you're interested in long-term rental income or owner-occupancy with rental income from the other units, this property is a fantastic investment. This property offers the best of both worlds: a peaceful neighborhood setting with easy access to the vibrant Maine coast, golf courses, and major routes. Don't miss out on the chance to own a piece of this growing and desirable area. No showings until after the Open House on Saturday December 14th 12:00 noon - 2:00 p.m.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bayley Realty Group

    Bought with:

    Portside Real Estate Group

    Source: Maine Listings,MLS#: 1611101MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Hot Water, Zoned
    Cooling
    • None
    Features
    • 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
    • Flooring: Carpet, Laminate, Other, Vinyl, Wood
    • Basement: Exterior Entry,Bulkhead,Full,Other,Sump Pump,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,122
    • Total interior livable area: 2,122 sqft
    • Finished area above ground: 2,122
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, Other, 5 - 10 Spaces
    Features
    • Levels: Multi/Split
    • Stories: 25
    • Patio & porch: Porch
    Lot
    • Size: 0.35 Acres
    • Features: Interior Lot, City Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Level, Open Lot
    Details
    • Additional structures: Shed(s)
    • Parcel number: SACOM031L127U000000
    • Zoning: MDR
    • Other equipment: Cable, Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander,Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vertical Siding, Wood Siding
    • Foundation: Stone, Granite
    • Roof: Shingle
    Condition
    • Year built: 1850

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Saco

    Financial & listing details

    • Price per square foot: $264/sqft
    • Tax assessed value: $325,000
    • Annual tax amount: $4,613
    • Date on market: 12/12/2024
    • Listing terms: 1031 Exchange
    • Exclusions: all appliances not included with sale
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/24/2025Sold$561,000+14.5%$264/sqft
    Source: Maine Listings #1611101 Report a problem
    12/21/2024Pending sale$489,900$231/sqft
    Source: Maine Listings #1611101 Report a problem
    12/12/2024Listed for sale$489,900$231/sqft
    Source: Maine Listings #1611101 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,794 $325,000
    2023$4,794 +9.3%$325,000 +35.8%
    2022$4,388 +2.7%$239,400 +5.8%
    2021$4,271 $226,200
    2020$4,271 +6.6%$226,200 +9.4%
    2019$4,006 +5.8%$206,700 +5.8%
    2018$3,785 +3.2%$195,300 +3.2%
    2017$3,667 -1.5%$189,200 -1.3%
    2016$3,723 +2.4%$191,700 +1.4%
    2015$3,635 +3.6%$189,100 +0.3%
    2014$3,510 +0.2%$188,500
    2013$3,502 +18.4%$188,500 -8.1%
    2011$2,958 +5.9%$205,100
    2009$2,793 +1.5%$205,100
    2008$2,752 $205,100
    Find assessor info on the county website

    Neighborhood: 04072

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $559,100
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    +$11,182
    With Zillow Showcase(estimated)
    $570,282