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

Status Change Info

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

Water Info

Waterfront: 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

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

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; 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 ›

Listing Office: Spectrum Real Estate

Selling Office: Spectrum Real Estate

Last Updated: April - 14 - 2026

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