Last Sold Price
6,700 sqft$74/sqft
171 Riverside Dr, Eddington, ME 04428

Description

8 Unit complex with an 11% cap rate and great CASH FLOW - and this is without the 8th unit rented! This property consists of a 4 unit building, a single family, a very large barn that could be used for storage and has an efficiency along with 2 mobile homes. A few updates include new metal roofs, a few updated units, all underground pipes were excavated and placed under frost line in 2020 and a new well water pump installed in 2020. This property is ready for another investor to enjoy the cash flow...8 Unit complex with an 11% cap rate and great CASH FLOW - and this is without the 8th unit rented! This property consists of a 4 unit building, a single family, a very large barn that could be used for storage and has an efficiency along with 2 mobile homes. A few updates include new metal roofs, a few updated units, all underground pipes were excavated and placed under frost line in 2020 and a new well water pump installed in 2020. This property is ready for another investor to enjoy the cash flow or possibly update it further and potentially add units on the 8 acres. The financials speak for themselves!
LISTING CLOSED: 03/23/2023 12:00 AM

  1. Listed by Stephanie Henry • NextHome Experience
    P: (207) 852-0521 C: (207) 852-0521 stephaniehenry.realtor@gmail.com

Property Details for 171 Riverside Drive

Status
MLS #
1547124
Days on Market
13
Taxes
$4,037 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family
Year Built
1940
Lot Size
8.00 AC / 348,480 SF
Architectural Style
Other, Colonial
Style
Colonial, Other
View
Trees/Woods
Has Waterfront
No
Zoning
MU

Recent comparable sales

Median sold price

$370,000

Avg days on market

83

Sale-to-list ratio

87.2%

Eddington, ME

9 comparable properties found

$75,000 | Lot # Fox Lane, Eddington, ME 04428
1/5
1

$75,000

Sold 11/19/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
15
Acres
$102,000 | 512 Riverside Drive, Eddington, ME 04428
1/22
2

$102,000

Sold 12/05/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.01
Acres
3

$370,000

Sold 12/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.49
Acres
$75,000 | Lot 12 Katahdin Way, Eddington, ME 04428
1/7
4

$75,000

Sold 05/08/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2
Acres
5

$68,000

Sold 09/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.34
Acres
$489,000 | 16 River Breeze Lane, Eddington, ME 04428
1/25
6

$489,000

Sold 09/20/24

3
Bedrooms
3,230
Square Feet
2.5
Acres
$485,000 | 10 Coffey Hill Way, Eddington, ME 04428
1/35
7

$485,000

Sold 02/25/26

4
Bedrooms
2,492
Square Feet
2
Acres
$382,000 | 50 Monument Drive, Eddington, ME 04428
1/38
8

$382,000

Sold 11/14/25

3
Bedrooms
1,840
Square Feet
1.53
Acres
$375,000 | Off Springy Pond Road, Eddington, ME 04428
1/26
9

$375,000

Sold 04/14/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
446
Acres

Location

Listing Courtesy of NextHome Experience

Sold By Non MREIS Agency

Add your commute

Building Information for 171 Riverside Drive

Stories-Residences8Year Built1940Building Size-Lot Size8.00 AC / 348,480 SF

Payment Calculator

$2,847 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,511

Property Taxes

$336

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 171 Riverside Drive

Summary
Location and General Information
  • Water View: No
  • Location: Near Town, Rural
  • Page: 264
  • Directions: Coming from Brewer on Rt. 9 turn left onto Riverside Drive. Property is 1.7 miles on the right.
  • Latitude: 44.835664
  • Longitude: -$68.69
Taxes and HOA
  • Association: No
  • Parcel Number: EDDI-000005-000000-000009-000003
  • Tax Lot: 9-3
  • Tax Book Number: 15748
  • Tax Map Number: 5//9
  • Tax Year: 2021
  • Tax Annual Amount: $4,037.00
Parking
  • Parking Features: 21+ Spaces, Gravel, Detached
  • Parking: 21+ Spaces
  • Vehicle Storage: 4+ Car, Detached
  • Has Attached Garage: No
  • Garage Spaces: 4.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Open, Level, Near Town, Rural
  • Lot Size Acres: 8.0
  • Lot Size Area: 8.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 348480.0
  • 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: 6700.0
  • Building Area Total: 6700.0
  • Property Type: Multi-Family
  • Deed/Conveyance Type Offered: Warranty
  • Construction: Mobile, Wood Frame
  • Year Built: 1940
Building Features
  • Foundation Details: Stone, Slab, Brick/Mortar
  • Foundation Materials: Stone, Slab, Brick/Mortar
  • Construction Materials: Wood Siding, Vinyl Siding, Mobile, Wood Frame
  • Other Structures: Barn(s)
  • Color: Grey
Financial Information
  • List Price/SqFt: $92.39
Utilities
  • Heat Fuel: Gas Bottled, Propane
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Private Sewer
  • Water Source: Well, Private
  • Water Heater: Tank
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding, Wood Siding
  • Roof: Metal, Shingle
  • Driveway: Gravel
Interior Features
  • Amenities: 1st Floor Bedroom, One-Floor Living, Shower
  • Bathrooms Full: 8
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Integer: 8
  • Basement: Interior, Walk-Out Access, Bulkhead, Brick/Mortar, Dirt Floor, Full, Sump Pump, Doghouse, Unfinished
  • Basement: Bulkhead, Dirt Floor, Slab, Walk-Out Access, Full, Sump Pump, Unfinished, Brick/Mortar
  • Has Cooling: No
  • Heating: Zoned, Hot Water
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Laminate
  • Interior Features: 1st Floor Bedroom, One-Floor Living, Shower
Mobile Home
Mobile Home Information
  • Body Type: Single Wide
  • Body Type: Single Wide
Multi Family
Multi Family Information
  • # of 1 BD Units: 1
  • # of 2 BD Units: 6
  • # of 3 BD Units: 1
  • Number Of Units Total: 8
Income & Expenses
  • Gross Income: $94,500.00
  • Operating Expense: $23,265.24
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 171 Riverside Drive

DateEvent & SourcePriceAppreciation
Mar 23, 2023

Sold (Public Record)

Public Record #1508167583

$494,000
Mar 23, 2023

Sold

Maine Listings #1547124

$494,000
Jan 25, 2023

Pending

Maine Listings #1547124

DateEvent & SourcePrice
03/23/2023

Sold (Public Record)

Public Record #1508167583

$494,000
03/23/2023

Sold

Maine Listings #1547124

$494,000
01/25/2023

Pending

Maine Listings #1547124

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

Public Records for 171 Riverside Drive

Taxable ValueLand$84,200Additions$379,700Total$463,900
Tax Record2025$5,613 ($468 / month)
Home Facts
Beds0Lot Size352,836 SqFtStyleSingle Family ResidenceCountyPENOBSCOTAPNEDDI M:005 L:009-003

Schools near 171 Riverside Drive

This home is within Regional School Unit 63 Msad 63.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 5 to 8
Public - 2 to 4
Rating
School
Distance
Eddington School
PublicPK to 1

Holbrook School
Public5 to 8

Holden School
Public2 to 4

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 171 Riverside Drive, Eddington, ME 04428
$494,000
6,700
348,480
1,960,200
$180,000
3
1,456
191,228
49,658
16,553
40,946

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 NextHome Experience

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.