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About the Listing 3498 - 019846
Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
1653584
Year Built
1880
Total Square Footage
4,473
Lot/Acreage
0.33
County
Somerset
School District
Rsu 49/Msad 49
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Zoned,Hot Water,Forced Air,Baseboard
- Fireplaces: 1
- Floor:
- Above Ground Sq Ft: 4473
- Below Ground Sq Ft: 0
- Basement: Interior,Walk-Out Access,Full
- Other: Attic,Bathtub,Shower
- Water: Public
Exterior Details
- Lot Description: Level,Intown,Near Shopping,Near Railroad
- Garage Capacity: N/A
- Zoning: Residential
- Roof: Fiberglass,Metal,Pitched,Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved,On Site,Off Street
Financial Details
- Tax Amount: $3,010
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
29 Lawrence Ave Fairfield, ME 04937
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