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    • $640,000

    8 Iris Lane, Freeport, ME 04032

    5beds
    2,299sqft
    Multi Family
    Built in 1955
    -- sqft lot
    $653,500 Zestimate®
    $278/sqft
    $2,057 Estimated rent

    Home value

    $653,500

    $601,000 - $706,000

    $2,057/mo

    Zestimate® history
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    $4,093/mo

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    What's special

    Expansive fenced-in backyardCozy living spaces
    Welcome to 8 Iris Lane - a rare opportunity to own a well-maintained two-unit property set on 3.3 acres of privacy and natural beauty in sought-after Freeport. This property offers flexibility, space, and strong rental potential. Unit 1 features 2 comfortable bedrooms, a functional layout, and cozy living spaces - perfect for continued rental income or future personal use. Unit 2 offers 3 spacious bedrooms and has been recently updated with all new windows and stylish vinyl plank flooring. Bright and inviting, it adds to the overall appeal and value of the property. Both units are currently leased with a solid income history, making this a turnkey investment opportunity from day one. Enjoy the expansive, fenced-in backyard - ideal for pets, gardening, or outdoor entertaining - all surrounded by mature trees for a true sense of privacy and seclusion. Located just minutes from downtown Freeport's shops, restaurants, and amenities, yet tucked away in a peaceful setting, 8 Iris Lane offers the best of both worlds. Don't miss this unique opportunity to own a flexible, income-producing property in a prime location!

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1633685MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Baseboard, Space Heater
    Cooling
    • None
    Features
    • 1st Floor Bedroom, Walk-In Closet(s)
    • Flooring: Tile, Wood, Luxury Vinyl
    • Basement: Bulkhead,Interior Entry,Full,Sump Pump,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,299
    • Total interior livable area: 2,299 sqft
    • Finished area above ground: 2,299
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 5 - 10 Spaces
    Features
    • Levels: Multi/Split
    • Stories: 2
    • On waterfront: Yes
    • Body of water: unknown
    • Frontage length: Waterfrontage: 20,Waterfrontage Owned: 20
    Lot
    • Size: 3.3 Acres
    • Features: Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level
    Details
    • Parcel number: FPRTM23B75L0U0
    • Zoning: C1
    • Other equipment: Cable

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Aluminum Siding
    • Roof: Shingle
    Condition
    • Year built: 1955

    Utilities & green energy

    • Electric: Circuit Breakers, Underground
    • Sewer: Public Sewer
    • Water: Private

    Community & HOA

    Location
    • Region: Freeport

    Financial & listing details

    • Price per square foot: $278/sqft
    • Tax assessed value: $458,000
    • Annual tax amount: $6,114
    • Date on market: 8/8/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/29/2025Pending sale$650,000+1.6%$283/sqft
    Source: Maine Listings #1633685 Report a problem
    9/26/2025Sold$640,000-1.5%$278/sqft
    Source: Maine Listings #1633685 Report a problem
    9/2/2025Contingent$650,000$283/sqft
    Source: Maine Listings #1633685 Report a problem
    8/8/2025Listed for sale$650,000+29.7%$283/sqft
    Source: Maine Listings #1633685 Report a problem
    5/19/2023Sold$501,000+6.6%$218/sqft
    Source: Maine Listings #1556018 Report a problem
    4/21/2023Pending sale$470,000$204/sqft
    Source: Maine Listings #1556018 Report a problem
    4/12/2023Listed for sale$470,000$204/sqft
    Source: Maine Listings #1556018 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,114 +9.8%$458,000 +13.1%
    2023$5,566 +22.3%$404,800 +21.4%
    2022$4,551 +2.2%$333,400
    2020$4,451 +7%$333,400 +14.6%
    2019$4,160 +2.3%$290,900 +7.6%
    2018$4,068 +4.5%$270,300 +3.8%
    2017$3,894 +2%$260,500 +7.9%
    2016$3,816 +3.5%$241,500 +10.1%
    2015$3,686 $219,400
    Find assessor info on the county website

    Neighborhood: 04032

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $653,500
    2% more
    +$13,070
    With Zillow Showcase(estimated)
    $666,570
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $653,500
    2% more
    +$13,070
    With Zillow Showcase(estimated)
    $666,570

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