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Listed price in listed location currency (USD).
$545,000

000

MLS® 1636006

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $1,724
Days Active 61
Approx. Age 999
MLS® Number 1636006

Property Address: 150 S Burnt Cove Road, Stonington, ME, 04681

Average square foot calculated using Size range provided by listing agent.

Description

Let rental income pay for your new home! Move into the brand new unit and subsidize your purchase through rental incomes. Priced in line with a recent professional appraisal, this is a prime, cash-flowing investment property in the heart of coastal Maine! This 1.4-acre property features five updated rental units plus a workshop, storage garage, laundry room, and office, producing $5, 900/month ($70, 800 annual gross) with strong rental demand. Major recent upgrades include full electrical overhaul with a backup generator and renovations in multiple units. Tenants enjoy ample parking and proximity to Stonington Harbor, restaurants, and shops. Excellent opportunity for investors seeking turnkey income with upside potential. Highlights: - 5 rental units + additional income from coin-op laundry and storage - 1.4-acre lot with room for continued improvement or expansion (verify with town) - Recent electrical and generator installation - Strong occupancy history, ideal for investor or owner-operator Financials available upon request. Don't miss this rare chance to own a stabilized, income-producing property in one of Maine's most desirable coastal markets.
MLS® Number1636006
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age999
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 29, 2025List Date
$545,000List Price
  • Commute

Commute

Starting Address
Destination Address
150 S Burnt Cove Road, Stonington, ME

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