16 Northern Avenue, Farmingdale, ME 04344

Farmingdale
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
16 Northern Avenue,Farmingdale, ME 04344
$300,000
  • - Beds
  • 3 Baths
  • 1,697 sq. ft.
  • Multi-family
  • Active
Office: pouliot real estate207-248-6044
MLS#:1672159
Source:ME_MREIS

Price summary

  • Price:$300,000
  • Price per sq. ft.:$176.78

About this home

Discover an outstanding opportunity to expand your investment portfolio with this well-located three-unit property in the heart of Farmingdale. Situated just across the street from the Kennebec Rail Trail, this multi-family offers a strong combination of current rental income, value-add potential, and an exceptional location just minutes from downtown Gardiner and Hallowell. The property consists of three units, including a fully rented first-floor 2-bedroom, 1-bath apartment, a fully rented second-floor 1-bedroom, 1-bath apartment with a long-term tenant, and a vacant third-floor studio. The vacant unit presents an excellent opportunity for an owner-occupant looking to move in immediately after closing while offsetting their mortgage with rental income, or for an investor to lease the unit and maximize the property's income potential. A major benefit for investors is that each apartment is equipped with its own Rinnai propane heater, allowing each tenant to be responsible for...

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Home facts

  • Year built:1890
  • Listing ID #:1672159
  • Updated:July 20, 2026 at 11:04 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Laminate, Linoleum, Vinyl
  • Basement Description:Exterior Entry, Full, Sump Pump, Unfinished, Walk-Out Access
  • Living area:1,697 sq. ft.

Heating and cooling

  • Heating:Direct Vent Heater, Heating, Propane

Structure and exterior

  • Roof:Shingle
  • Year built:1890
  • Building area:1,697 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Level, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Rolling Slope, Sidewalks
  • Architectural Style:Split Level
  • Construction Materials:Vinyl Siding, Wood Frame
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$300,000
  • Price per sq. ft.:$176.78
  • Tax amount:$2,125 (2025)

Parking

  • Parking description:5 - 10 Spaces, Gravel, On Site
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