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.
Coming soon / no show
$995,000
309 Sanford Road, Wells, ME 04090
10beds
4,640sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$900,300 Zestimate®
$214/sqft
$-- HOA
What's special
- 1 day |
- 247 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: March 06, 2026 at 11:34am
Listed by:
CENTURY 21 Atlantic Realty
Source: Maine Listings,MLS#: 1653538
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
| Date | Event | Price |
|---|---|---|
| 12/3/2021 | Sold | $755,000$163/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 9/10Wells Elementary SchoolGrades: K-4Distance: 0.1 mi
- 8/10Wells Junior High SchoolGrades: 5-8Distance: 0.7 mi
- 8/10Wells High SchoolGrades: 9-12Distance: 0.4 mi






