About this home
Investor Special in the Heart of Bridgton - 3-Unit Value-Add Opportunity Unlock the potential of this classic New England farmhouse-style multi-family property, ideally located on a corner lot just steps from downtown Bridgton. With strong bones and timeless character, this fixer-upper presents a rare opportunity for investors or owner-occupants looking to build equity and maximize rental income. Currently configured as a multi-unit property with spacious layouts, the home features generous apartment sizes with high ceilings, large eat-in kitchens, and charming period details throughout. With the potential to create or reconfigure into a three-unit investment, the upside here is undeniable. Set on a level 0.45-acre lot, the property includes ample parking, a barn for additional storage or future use, and inviting outdoor spaces such as porches and a screened-in area. Tenants will love the walkable location--just minutes to shops, restaurants, and Highland Lake, plus easy access to skiing and year-round recreation. Whether you're looking to restore its historic charm or modernize for maximum returns, this is a prime opportunity in one of Maine's most desirable lake towns.
Listing last checked: Listing updated:
Listed by Listing Agent · JC North East Real Estate · MLS #1660359
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Laminate, Hardwood
Building3 property facts
- Style
- Other
- Year built
- 1900
- Roof
- Fiberglass, Shingle
Land & utilities4 property facts
- Lot size
- 0.45 acres
- Water
- Public
- Sewer
- Private Sewer
- Zoning
- RES
Financial2 property facts
- Annual taxes
- $2,211
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $220,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,297 / monthAdjust
- Principal & interest
- $1,112
- Property tax
- $184
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $2,211. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 18 Gage Street
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Request a tour of 18 Gage Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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