About this home
Prime investment opportunity in Farmington, ME! This multi-family property currently features 5 units, with potential to expand subject to city approval. One of the units needs some work, the rest are livable condition. High-demand rental location, just minutes from the University of Maine at Farmington (UMF), downtown amenities, and RSU 09 public schools. The property is being sold vacant, allowing you to set your own market rents from day one. Sold strictly "AS IS, WHERE IS."
Listing last checked: Listing updated:
Listed by Listing Agent · Keller Williams Realty · MLS #1681362
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Vinyl, Wood
Building5 property facts
- Style
- Other
- Year built
- 1900
- Garage
- 0
- Foundation
- Stone, Slab
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 0.38 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Village Residential
Financial2 property facts
- Annual taxes
- $2,364
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $275,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,588 / monthAdjust
- Principal & interest
- $1,391
- Property tax
- $197
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $2,364. 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 165 Middle Street
Can I request a private showing?
Request a tour of 165 Middle 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?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.