4 Stimson Street, Kittery, ME 03904 (MLS# 1618847)

4 Stimson Street, Kittery, ME 03904

$1,200,000

Property Type: Multi-Family Baths: 6 Square Footage: 4,050 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $1,200,000 List Date: 4/11/2025 Last Modified: 6/07/2025

Overview

Description

Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitaliza ... (Read more)

Listing Details MLS# 1618847

Location Information

Street #: 4
Street Name: Stimson
Street Type: Street
County: York
Town: Kittery
State/Province: ME
Zip Code: 03904
Zip +4: 1628
Leased Land: No
Book: 19349
Page: 0548
Map: 3
Lot: 23
Zoning: res
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 9363
Tax Year: 2024
Tree Growth Y/N: No

Contract Information

Original List Price: 1300000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 3
Total Baths: 6
Total Full Baths: 6
Year Built: 1890
SqFt Finished Above Grade: 4050
SqFt Finished Total: 4050
Garage: Yes
Garage Spaces: 2
Lot Size Acres +/-: 0.25
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2025-05-05
Closed Date: 2025-06-06
Closed Price: 1200000

Water Info

Water Frontage: No
Water View: No

Building Info

# Stories: 3
# Heating Units: 3

More Information

Units

# of 2 BD Units: 3

Unit 1

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 3500
# Full Baths: 2
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: No
Water: No

Unit 2

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 3500
# Full Baths: 2
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: No
Water: No

Unit 3

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 3500
# Full Baths: 2
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: No
Water: No

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: appraisals.stephanie@gmail.com

Site

Other Site: Yes

Location

Near Shopping: Yes
Near Town: Yes

Roads

Paved: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Structure Type

Townhouse: Yes

Basement

Partial: Yes
Walk-Out Access: Yes

Foundation Materials

Poured Concrete: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Forced Air: Yes

Heat Fuel

Propane: Yes

Income & Expenses

Gross Income: 118000
Operating Expenses: 25712

Cooling

None: Yes

Floors

Wood: Yes

Parking

11 - 20 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Paved: Yes

Water Heater

Other Water Heater: Yes

Amenities

Laundry - 1st Floor: Yes

Vehicle Storage

2 Car: Yes

Property Features

Site: Other Site Location: Near Shopping; Near Town Roads: Paved Style: Other Structure Type: Townhouse Construction: Wood Frame Basement: Partial; Walk-Out Access Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Forced Air Heat Fuel: Propane Water Heater: Other Water Heater Cooling: None Floors: Wood Amenities: Laundry - 1st Floor Driveway: Common; Paved Parking: 11 - 20 Spaces; On Site; Paved Vehicle Storage: 2 Car Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Listing Office: Duston Leddy Real Estate

IDX

Last Updated: June - 07 - 2025

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