138 Varney Mill Rd

Beds
7,900 Sq. Ft.
$180 / Sq. Ft.
7,900
Sq. Ft.
$180
per Sq. Ft.

Description

Rare fully occupied 8 unit in a great Windham location with excellent cash flow. There are (3) three-bedroom units and (5) two-bedroom units. The property sits on 2.72 acres in pleasant residential neighborhood with plenty of yard space and parking spaces. Onsite coin operated laundry facility, separately metered electric which tenants pay beyond their rent, two shared furnaces installed in 2011 and 2015 (included in the rental rates), new roof in 2016, public water and large private septic system....Rare fully occupied 8 unit in a great Windham location with excellent cash flow. There are (3) three-bedroom units and (5) two-bedroom units. The property sits on 2.72 acres in pleasant residential neighborhood with plenty of yard space and parking spaces. Onsite coin operated laundry facility, separately metered electric which tenants pay beyond their rent, two shared furnaces installed in 2011 and 2015 (included in the rental rates), new roof in 2016, public water and large private septic system. This is selling at an 8.9% cap rate, call for more information! Showings to be scheduled during 3 blocks of time, Sunday 4/18 1-3pm, Monday 4/19 3-5pm or Tuesday 4/20 11am-1pm.
  1. Listed by Mark Small • Landmark Realty
    P: (207)-807-7889 C: (207)-807-7889 mark@landmarkrealtymaine.com

Property Details for 138 Varney Mill Road

Architectural Style
Ranch
Style
Ranch
View
Trees/Woods
Has Waterfront
No
Zoning
Res
LISTING CLOSED: 05/07/2021 12:00 AM

Property Details for 138 Varney Mill Road

StatusClosed
MLS #1488003
Days on Market6
Taxes$11,727 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built2000
Lot Size2.72 AC / 118,483 SF
CountyCumberland County

Location

Listing Courtesy of Landmark Realty

Sold By Harborview Properties, Inc.

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Building Information for 138 Varney Mill Road

Stories1Residences8Year Built2000Building Size-Lot Size2.72 AC / 118,483 SF

Payment Calculator

$8,220 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,243

Property Taxes

$977

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 138 Varney Mill Road

Summary
Location and General Information
  • Water View: No
  • Location: Near Shopping, Near Town, Neighborhood
  • Page: 277
  • Directions: From Rt 302/115 rotary, take Rt 302 towards North Windham. Turn right on Varney Mill Road, follow about 1 mile and #138 will be on the left.
  • Latitude: 43.826959
  • Longitude: -$70.42
Taxes and HOA
  • Association: No
  • Parcel Number: WINM-000015D-000017-A000001-000002
  • Tax Lot: A01-2
  • Tax Block: 17
  • Tax Book Number: 34078
  • Tax Map Number: 15D
  • Tax Year: 2020
  • Tax Annual Amount: $11,727.00
Parking
  • Parking Features: 11 - 20 Spaces, Paved, Common
  • Parking: 11 - 20 Spaces
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Open, Level, Near Shopping, Near Town, Neighborhood
  • Lot Size Acres: 2.72
  • Lot Size Area: 2.72
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 118483.2
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: true
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • SqFt Source: Public Records
  • Site: Level, Open
Property and Assessments
  • Above Grade Finished Area: 7900.0
  • Building Area Total: 7900.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Restrictions: No Restrictions
  • Construction: Wood Frame
  • Year Built: 2000
Building Features
  • Foundation Details: Concrete Perimeter, Slab
  • Foundation Materials: Poured Concrete
  • Construction Materials: Vinyl Siding, Wood Frame
  • Color: Grey
  • Stories: 1
  • Stories Total: 1
Financial Information
  • List Price/SqFt: $170.87
Utilities
  • Heat Fuel: Oil
  • # Heating Units: 2
  • Electric: Circuit Breakers
  • Gas: No Gas
  • Recreational Water: Nearby
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Public
  • Water Heater: Off Heating System
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding
  • Roof: Shingle
  • Driveway: Common, Paved
Interior Features
  • Amenities: 1st Floor Bedroom, Laundry - Coin, One-Floor Living, Sprinkler
  • Bathrooms Full: 8
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Integer: 8
  • Laundry Features: Laundry - Coin
  • Basement: Not Applicable
  • Basement: Slab
  • Has Fireplace: No
  • Has Cooling: No
  • Heating: Zoned, Hot Water, Forced Air, Baseboard
  • Has Heating: Yes
  • Flooring: Vinyl, Carpet
  • Interior Features: 1st Floor Bedroom, One-Floor Living
Room Information
Laundry
  • Laundry Room Amenities: Laundry - Coin
Multi Family
Multi Family Information
  • # of 2 BD Units: 5
  • # of 3 BD Units: 3
  • Number Of Units Total: 8
Income & Expenses
  • Gross Income: $161,340.00
  • Operating Expense: $41,199.00
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: No Restrictions
Tenant Information
  • Occupant Type: No

Property History for 138 Varney Mill Road

DateEvent & SourcePriceAppreciation
May 7, 2021

Sold

Maine Listings #1488003

$1,425,000
Apr 23, 2021

Pending

Maine Listings #1488003

Apr 16, 2021

Listed (Active)

Maine Listings #1488003

$1,349,900
DateEvent & SourcePrice
05/07/2021

Sold

Maine Listings #1488003

$1,425,000
04/23/2021

Pending

Maine Listings #1488003

04/16/2021

Listed (Active)

Maine Listings #1488003

$1,349,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 138 Varney Mill Road

Taxable ValueLand$352,000Additions$1,220,900Total$1,572,900
Tax Record2024$18,041 ($1,503 / month)
Home Facts
Lot Size118,483 SqFtStyleMulti-Family Dwelling (2-4)Zoning9CountyCUMBERLANDAPNWINM M:15D B:17 L:A01 U:2

Schools near 138 Varney Mill Road

This home is within Regional School Unit 14.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Windham Primary School
PublicK to 3

Manchester School
Public4 to 5

Windham Middle School
Public6 to 8

Windham High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Landmark Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.