14 Charles Street, Berwick, ME 03901
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
14 Charles Street,Berwick, ME 03901
$725,000
- - Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Closed
Office: sre brokers
MLS#:1655901
Source:ME_MREIS
Price summary
- Price:$725,000
About this home
Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable.
Residents benefit from convenient access to the public library, local shops, cafés, and the growing mix of businesses and services within Berwick's downtown redevelopment district. As the corridor continues to evolve, demand for quality rental housing in this location remains strong. Whether you're seeking a reliable 1031 exchange option, a well-positioned addition to your portfolio, or a long-term hold in a market experiencing thoughtful revitalization, this property delivers a compelling blend of updated condition, location and income performance. Actual Gross Income $68,160. Projected Gross with Unit 3- $86,760 Gross. Expenses are $13,624 (Water/Sewer, Taxes, Insurance, Trash)...
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Home facts
- Year built:1920
- Listing ID #:1655901
- Updated:August 22, 2026 at 06:55 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Laminate, Wood
- Basement Description:Exterior Entry, Unfinished, Walk-Out Access
Heating and cooling
- Heating:Baseboard, Electric, Heat Pump, Heating, Hot Water, Oil
Structure and exterior
- Roof:Composition, Metal
- Year built:1920
- Lot Features:Intown, Level, Near Town
- Architectural Style:New Englander
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Deck, Porch
- Foundation Description:Block, Brick/Mortar, Stone
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$725,000
- Tax amount:$6,317 (2025)
Parking
- Parking description:5 - 10 Spaces, Paved
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