15 South Street, Freeport, ME 04032
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
15 South Street,Freeport, ME 04032
$1,100,000
- - Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Closed
Office: re/max shoreline
MLS#:1661934
Source:ME_MREIS
Price summary
- Price:$1,100,000
About this home
SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors....
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Home facts
- Year built:1950
- Listing ID #:1661934
- Updated:September 05, 2026 at 06:47 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood, Luxury Vinyl, Vinyl
Heating and cooling
- Cooling:Window Unit (s)
- Heating:Gas Natural, Heating, Hot Water
Structure and exterior
- Roof:Flat
- Year built:1950
- Lot Features:Level, Near Shopping, Near Turnpike/Interstate, Neighborhood, Open Lot
- Architectural Style:Contemporary
- Construction Materials:Shingle Siding, Wood Frame
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,100,000
- Tax amount:$9,264 (2025)
Parking
- Parking description:5 - 10 Spaces, Paved
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