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  • $995,000

    309 Sanford Road, Wells, ME 04090

    10beds
    4,640sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $900,300 Zestimate®
    $214/sqft
    $-- HOA

    What's special

    Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.
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    Zillow last checked: 8 hours ago

    Listing updated: March 06, 2026 at 11:34am

    Listed by:

    CENTURY 21 Atlantic Realty

    Source: Maine Listings,MLS#: 1653538MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Carpet, Vinyl
    Interior area
    • Total structure area: 4,640
    • Total interior livable area: 4,640 sqft
    • Finished area above ground: 4,640
    • Finished area below ground: 0

    Property

    Features
    • Stories: 2
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 3.14 Acres
    Details
    • Parcel number: WLLSM133L7
    • Zoning: RC

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1977

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Wells

    Financial & listing details

    • Price per square foot: $214/sqft
    • Tax assessed value: $648,470
    • Annual tax amount: $4,189
    • Date on market: 3/6/2026

    Estimated market value

    $900,300

    $828,000 - $981,000

    $2,555/mo

    Price history

    Price history
    DateEventPrice
    12/3/2021Sold$755,000$163/sqft
    Source: Agent Provided Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,943 +2%$648,470
    2023$3,865 -13.9%$648,470 +51%
    2022$4,491 -0.6%$429,370
    2021$4,517 +0.4%$429,370
    2020$4,500 +5.9%$429,370 +5.3%
    2019$4,251 +2.9%$407,930 +1.9%
    2018$4,131 +1.6%$400,270
    2017$4,067 +1%$400,270
    2016$4,027 +1.1%$400,270
    2015$3,983 +9.1%$400,270
    2013$3,650 +1.4%$400,270 -4%
    2012$3,598 $416,920
    2011$3,598 +3.6%$416,920
    2009$3,473 +1.3%$416,920
    2008$3,427 +39.8%$416,920 +34.1%
    2005$2,452 $310,790

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $5,852/mo
    Principal & interest
    $5131
    Property taxes
    $721

      Climate risks

      Neighborhood: 04090

      Nearby schools

      GreatSchools rating

      Local experts in 04090

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