12 Lyman Street, Berwick, ME 03901 (MLS# 1503863)

12 Lyman Street, Berwick, ME 03901

$1,350,000

Property Type: Multi-Family Baths: 12 Square Footage: 11,801 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $1,350,000 List Date: 8/05/2021 Last Modified: 4/14/2026

Overview

Description

Current Cap Rate: 11.25% | Day-One Cash-on-Cash: 23.0% As the exclusive listing advisor, we are pleased to present the opportunity to acquire an investment property located in a very desirable area of southern Maine. 12 Lyman Street Berwick offers a mix of one, two & three-bedroom units, on one quaint tree-lined parcel overlooking the Salmon Falls River on the Maine-New Hampshire border. The property, acquired in 1984 was significantly upgraded by the current ownership. The 12,000+/- sf, 12-unit building offers ample off-street parking on just over 10,000Sf of land. Walkable to the downtowns of both Berwick Maine and Somersworth NH, combined populations of 20,000, the area is undergoing redevelopment and improvements by both municipal and private investors. Near shopping, entertainment, jobs and bus routes tenants stay for the long-term with negligible vacancy rates. Rent roll and expenses available to qualified buyers on request. This is a must see that will not last long in th ... (Read more)

Listing Details MLS# 1503863

Location Information

Street #: 12
Street Name: Lyman
Street Type: Street
County: York
Town: Berwick
State/Province: ME
Zip Code: 03901
Zip +4: 2122
Leased Land: No
Book: 03315
Page: 0336
Map: U-1
Lot: 29
Zoning: R-1
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 11097
Tax Year: 2020

Contract Information

Original List Price: 1495000

Property Information

Surveyed: Unknown
Seasonal: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Deed Restrictions: Unknown
2 Detached Houses on 1 Lot: No
Number of Units: 12
Total Baths: 12
Total Full Baths: 12
Color: WHITE
Year Built: 1953
SqFt Finished Above Grade: 9801
SqFt Finished Below Grade: 2000
SqFt Finished Total: 11801
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.22
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 100
Source of Road Frontage: Public Records
Total Half Baths: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2021-09-28
Closed Date: 2022-01-05
Closed Price: 1350000

Water Info

Water Frontage: No
Water View: Seasonal
Water Body Name: SALMON RIVER

Building Info

# Stories: 3
# Heating Units: 2

More Information

Units

# of 1 BD Units: 4
# of 2 BD Units: 4
# of 3 BD Units: 3
# of 4+ BD Units: Yes

Unit 1

Lease: Yes
Level: First
Security Deposit: No
Monthly Rent: 2094
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: No
Monthly Rent: 1619
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: No
Monthly Rent: 2094
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 1229
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 2802
# Full Baths: Yes
# of Rooms: 7
# of Bedrooms: 4
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 1619
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: Yes
Level: Third
Security Deposit: No
Monthly Rent: 2094
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 1600
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: andrew.hoar@cbre.com

Levels

Multi-Level: Yes

Site

Corner Lot: Yes
Level: Yes
Other Site: Yes
Sidewalks: Yes

Location

Business District: Yes
Intown: Yes
Near Country Club: Yes
Near Shopping: Yes
Near Town: Yes
Neighborhood: Yes
Suburban: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes

Water Body Type

River: Yes

Style

New Englander: Yes
Other: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Walk-Out Access: Yes

Foundation Materials

Other: Yes
Poured Concrete: Yes

Exterior

Vinyl Siding: Yes

Roof

Fiberglass: Yes
Flat: Yes
Shingle: Yes

Heat System

Baseboard: Yes
Forced Air: Yes
Radiator: Yes
Zoned: Yes

Heat Fuel

Gas Bottled: Yes
Gas Natural: Yes

Income & Expenses

Gross Income: 230000
Operating Expenses: 55000

Cooling

None: Yes

Floors

Carpet: Yes
Concrete: Yes
Laminate: Yes
Other: Yes
Vinyl: Yes
Wood: Yes

Parking

21+ Spaces: Yes
Off Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes
Natural - At Street: Yes
Other Gas: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Gravel: Yes
Paved: Yes

Basement Entry

Exterior Only: Yes
Interior: Yes

Water Heater

Gas: Yes

Amenities

1st Floor Bedroom: Yes
1st Floor Primary BR w/Bath: Yes
Laundry - Coin: Yes
One-Floor Living: Yes
Shower: Yes

Patio and Porch Features

Deck: Yes
Patio: Yes

Equipment

Internet Access Available: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Corner Lot; Level; Other Site; Sidewalks Location: Business District; Intown; Near Country Club; Near Shopping; Near Town; Neighborhood; Suburban Roads: Paved; Public Transportation: Major Road Access Water Body Type: River Style: New Englander; Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Walk-Out Access Basement Entry: Exterior Only; Interior Foundation Materials: Other; Poured Concrete Exterior: Vinyl Siding Roof: Fiberglass; Flat; Shingle Heat System: Baseboard; Forced Air; Radiator; Zoned Heat Fuel: Gas Bottled; Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Concrete; Laminate; Other; Vinyl; Wood Amenities: 1st Floor Bedroom; 1st Floor Primary BR w/Bath; Laundry - Coin; One-Floor Living; Shower Patio and Porch Features: Deck; Patio Equipment: Internet Access Available Driveway: Common; Gravel; Paved Parking: 21+ Spaces; Off Street; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled; Natural - At Street; Other Gas Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

IDX

Listing Office: Spectrum Real Estate

Selling Office: Spectrum Real Estate

Last Updated: April - 14 - 2026

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