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Bean Group
Offered at $485,000Active
beds
—
baths
3
sq ft
3,698
Built
1884

128 Middle Street

Farmington, ME 04938

About this home

AMAZING LOCATION IN THE HEART OF FARMINGTON'S DOWNTOWN VILLAGE DISTRICT!!! This property has been meticulously maintained by the same owners for the past 35 years and offers a strong rental history. The first floor has been home to a physical therapy practice since 1991. The space offers a large reception area and waiting area with a bathroom. There are five exam rooms, a beautiful physical therapy space with plenty of natural light and hardwood floors, a lab space, an administrative office, a therapist office with docking stations and an additional full bathroom with laundry. Parking is not an issue with the paved private driveway leading to the large, paved parking lot. On street parking is also available for patients. The second floor is a spacious, four-bedroom one bath unit with laundry on site as well. The open concept living, dining and kitchen offers ample space for entertaining family and friends. This property is within walking distance of the Downtown Business District, local and state educational facilities, public trail systems and parks and the community center is just across the street. You can't ask for a more convenient location for a property that generates over $34,000 annually in net proceeds with an increase projected for 2026. This can be an owner occupied, multi-use building with a commercial tenant on the first floor. Currently there are tenants on the second floor with a medical practice on the first floor. It would not take much to convert this property back into a full residential home after the current leases expire. COME AND EXPLORE THE POSSIBILITIES!!!

Listing last checked: Listing updated:

Listed by Listing Agent · Palmer Realty Group · MLS #1657464

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Details at a glance

Interior3 property facts
Heating
Propane, Baseboard, Hot Water
Cooling
Wall Unit(s)
Flooring
Carpet, Vinyl, Wood
Building4 property facts
Style
Other
Year built
1884
Foundation
Stone
Roof
Metal
Land & utilities4 property facts
Lot size
0.27 acres
Water
Public
Sewer
Public Sewer
Zoning
Village
Financial2 property facts
Annual taxes
$5,019
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $485,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,871 / monthAdjust
Principal & interest
$2,452
Property tax
$418
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,019. 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 128 Middle Street

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