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Listed price in listed location currency (USD).
$1,200,000
$1,300,000

000

MLS® 5036006

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4050 sqft
Garage Yes
Taxes 
Lot Size 0.25 acres
Approx. Age 1890
Avg. Price Per Sqft $320
MLS® Number 5036006

Property Address: 4 Stimson St, Kittery, ME, 03904-1628

Average square foot calculated using Size range provided by listing agent.

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% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success
MLS® Number5036006
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
Exterior
GarageYes
Approx. Age1890
BasementPartial, Unfinished
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

May 5, 2025End Date
$1,200,000Sold Price

Sold

Apr 11, 2025List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
4 Stimson St, Kittery, ME

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