4 Pine Meadow Drive, Hancock, ME 04640

$349,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,200 Lot Size (sq. ft.): 65,340 Status: Active
Current Price: $349,000 List Date: 8/01/2025 Last Modified: 10/31/2025

Description

Opportunity awaits with this unique property featuring two homes on a generous lot, just minutes from Kilkenny Cove Preserve and abutting conservation land—perfect for nature lovers. Conveniently located close to Ellsworth and within easy reach of Bar Harbor and Acadia National Park. Both homes are situated on slabs and share a private well. The first home offers 3 bedrooms and 1 bath, while the second features 2 bedrooms and 1 bath. Each is equipped with propane-fueled cook stoves, hot water, and heating. The property has a solid rental history, though current rents are below market—offering immediate upside for investors. With some updates and vision, there's excellent potential for Airbnb or seasonal vacation rentals. The full potential of this property has yet to be realized. Room count in description includes both houses.

Supplements: ********

More Information MLS# 1632731

Location Information

Book: 3845 Leased Land: No Page: 61 Map: 214 Lot: 019 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 4 Street Name: Pine Meadow Street Type: Drive County: Hancock Town: Hancock State/Province: ME Zip Code: 04640 Zoning: RES Full Tax Amount $: 2892 Tax Year: 2024 Geo Lat: 44.532554 Geo Lon: -68.292068

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Number of Units: 2 Deed/Conveyance Type Offered: Warranty Deed: Partial Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: Yes Lot Size Acres +/-: 1.5 Total Baths: 3 Total Half Baths: 1 Color: white and blue SqFt Finished Above Grade: 2200 SqFt Finished Below Grade: 0 SqFt Source: Public Records Furniture: Unfurnished Garage: No Total Full Baths: 2 Year Built: 1992 SqFt Finished Total: 2200 Source of Acreage: Public Records

Site

Level: 1 Other Site: 1 Wooded: 1

Location

Abuts Conservation: 1 Other Location: 1 Rural: 1

Roads

Dead End: 1

Water Info

Water Frontage: No Water View: No

Recreational Water

Nearby: 1 Oceanfront: 1

Style

Ranch: 1

Construction

Wood Frame: 1

Basement

Slab: 1

Foundation Materials

Slab: 1

Exterior

Wood Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1 Hot Water: 1

Building Info

# Stories: 1 # Floors: 1

Heat Fuel

Oil: 1

Income & Expenses

Gross Income: 30000 Operating Expenses: 8500

Cooling

None: 1

Floors

Carpet: 1 Vinyl: 1 Wood: 1

Units

# of 2 BD Units: 1 # of 3 BD Units: 1

Parking

1 - 4 Spaces: 1 5 - 10 Spaces: 1 On Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Half Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1

Sewer

Private Sewer: 1 Septic Tank: 1

Water

Private: 1 Well: 1

Driveway

Gravel: 1

Basement Entry

Not Applicable: 1

Water Heater

Electric: 1

Amenities

1st Floor Bedroom: 1 Laundry - 1st Floor: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 360000 List Price: $349,000 Current Price: $349,000

Property Features

Site: Level; Other Site; Wooded Location: Abuts Conservation; Other Location; Rural Roads: Dead End Recreational Water: Nearby; Oceanfront Style: Ranch Construction: Wood Frame Basement: Slab Basement Entry: Not Applicable Foundation Materials: Slab Exterior: Wood Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Electric Cooling: None Floors: Carpet; Vinyl; Wood Amenities: 1st Floor Bedroom; Laundry - 1st Floor Driveway: Gravel Parking: 1 - 4 Spaces; 5 - 10 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer; Septic Tank Water: Private; Well
Listing Office: NextHome Experience
IDX
Last Updated: October - 31 - 2025
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