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Multi-FamilyMEFairfield0493729 Lawrence Avenue, Fairfield, ME, 04937

29 Lawrence Avenue, Fairfield, ME, 04937

29 Lawrence Avenue, Fairfield, ME, 04937
6 baths
$389,000
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Basics

  • Date added: Added 2 months ago
  • Category:
  • Status:
  • Bathrooms: 6
  • Lot size: 0.33 sq ft
  • Year built: 1880
  • Subdivision Name: 0
  • Bathrooms Full: 6
  • Lot Size Acres: 0.33 acres
  • Zoning: Residential
  • County: Somerset
  • MLS ID: 1653584

Description

  • Description:

    Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.

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Location

Building Details

  • Building Area Total: 4473 sq ft
  • Number Of Units Total: 4
  • Construction Materials: Vinyl Siding, Aluminum Siding, Wood Frame
  • Architectural Style: Other, Victorian
  • Sewer: Public Sewer
  • Heating: Zoned, Hot Water, Forced Air, Baseboard
  • StoriesTotal: 3
  • Stories: 3
  • Roof: Fiberglass, Metal, Pitched, Shingle
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Levels: Multi-Level
  • Basement: , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: Attic, Bathtub, Shower
  • Lot Features: Level, Intown, Near Shopping, Near Railroad
  • Window Features: Double Pane Windows, Storm Window(s)
  • Patio And Porch Features: Porch
  • Fireplaces Total: 1
  • Cooling: None

Fees & Taxes

  • Gross Income: $52,800

School Information

  • High School District: RSU 49/MSAD 49

Miscellaneous

  • Road Surface Type: Paved
  • Listing Terms: 1031 Exchange
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: Coldwell Banker Realty

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Trademark Registration date: April 21, 2026
Trademark Registration number: 8,224,123
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