Last Sold Price
4,200 sqft$37/sqft
1838 Mercer RdMercer, ME04957

Description

Great investment property, 15% CAP rate. Many improvements, some new porcelain tile and carpet flooring. Complex has new Condensing Gas Boiler, Water Treatment system. Tenants pay own hot water and electric. Paved driveways, plow proof mailboxes. Coin operated washer and dryer on site. New water heaters and refrigerators. Lawn for tenants to enjoy!Great investment property, 15% CAP rate. Many improvements, some new porcelain tile and carpet flooring. Complex has new Condensing Gas Boiler, Water Treatment system. Tenants pay own hot water and electric. Paved driveways, plow proof mailboxes. Coin operated washer and dryer on site. New water heaters and refrigerators. Lawn for tenants to enjoy!
LISTING CLOSED: 02/01/2016 12:00 AM

  1. Listed by Renee Targett • Kre Brokerage Group
    P: (207)-781-2958 C: (207)-491-7388 mainelady1@gmail.com

Property Details for 1838 Mercer Road

Status
MLS #
1218571
Days on Market
224
Taxes
$2,914 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family
Year Built
1985
Lot Size
1.55 AC / 67,518 SF
Architectural Style
Ranch
Style
Ranch
Has Waterfront
No
Zoning
Residential

Location

Listing Courtesy of Kre Brokerage Group

Sold By Kre Brokerage Group

Add your commute

Building Information for 1838 Mercer Road

Stories1Residences6Year Built1985Building Size-Lot Size1.55 AC / 67,518 SF

Payment Calculator

$1,031 per month

30 year fixed, 6.55% Interest

Principal and Interest

$788

Property Taxes

$243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1838 Mercer Road

Summary
Location and General Information
  • Water View: No
  • Location: Rural
  • Page: 86
  • Directions: From Farmington on Route 2, go about 14 miles Apartment building on right.
  • Latitude: 44.662522
  • Longitude: -$69.95
Taxes and HOA
  • Association: No
  • Tax Lot: 20-1
  • Tax Book Number: 4707
  • Tax Map Number: 7
  • Tax Year: 2014
  • Tax Annual Amount: $2,914.00
Parking
  • Parking Features: 11 - 20 Spaces, Common, Off Street
  • Parking: 11 - 20 Spaces, Off Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
Property
Lot Information
  • Lot Features: Open, Level, Rural
  • Lot Size Acres: 1.55
  • Lot Size Area: 1.55
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 67518.0
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Roads: Paved
  • Road Surface Type: Paved
  • Road Frontage: true
  • Road Frontage: 300.0
  • Source of Road Frontage: Public Records
  • SqFt Source: Public Records
  • Site: Level, Open
Property and Assessments
  • Above Grade Finished Area: 4200.0
  • Building Area Total: 4200.0
  • Property Type: Multi-Family
  • Deed/Conveyance Type Offered: Warranty
  • Surveyed: Yes
  • Construction: Wood Frame
  • Year Built: 1985
Building Features
  • Foundation Details: Slab
  • Foundation Materials: Slab
  • Construction Materials: Vinyl Siding, Wood Frame
  • Color: White
  • Stories: 1
  • Stories Total: 1
Financial Information
  • List Price/SqFt: $36.90
Green Features
  • Energy Efficiency: 90% Efficient Furnace, Other/See Internal Remarks, Thermostat
  • Green Energy Efficient: Thermostat, Other/See Internal Remarks, 90% Efficient Furnace
Utilities
  • Heat Fuel: Propane
  • # Heating Units: 1
  • # Water Heaters: 6
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Private Sewer
  • Water Source: Private
  • Water Heater: Electric
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding
  • Roof: Metal
  • Door Features: Storm Door(s)
  • Door Features: Storm Door(s)
  • Driveway: Common
Interior Features
  • Amenities: 1st Floor Bedroom, Bathtub, Laundry - 1st Floor, Laundry - Coin
  • Bathrooms Full: 8
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Integer: 8
  • # of Full Baths: 7
  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Basement: Not Applicable
  • Has Cooling: No
  • Heating: Hot Water
  • Has Heating: Yes
  • Flooring: Vinyl, Tile, Carpet
  • Interior Features: 1st Floor Bedroom, Bathtub
Room Information
Laundry
  • Laundry Room Amenities: Laundry - 1st Floor, Main Level, Laundry - Coin
Multi Family
Multi Family Information
  • # of 1 BD Units: 3
  • # of 2 BD Units: 3
  • Number Of Units Total: 6
Income & Expenses
  • Gross Income: $41,460.00
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 1838 Mercer Road

DateEvent & SourcePriceAppreciation
Feb 1, 2016

Sold

Maine Listings #1218571

$155,000
Jan 11, 2016

Pending

Maine Listings #1218571

May 25, 2015

Listed (Active)

Maine Listings #1218571

$179,900
DateEvent & SourcePrice
02/01/2016

Sold

Maine Listings #1218571

$155,000
01/11/2016

Pending

Maine Listings #1218571

05/25/2015

Listed (Active)

Maine Listings #1218571

$179,900

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

Public Records for 1838 Mercer Road

Taxable ValueLand$56,400Additions$243,700Total$300,100
Tax Record2023$3,585 ($299 / month)
Home Facts
Lot Size67,518 SqFtStyleGovernmental / Public UseCountySOMERSETAPNMERC M:07 L:20-01

Schools near 1838 Mercer Road

This home is within Regional School Unit 54 Msad 54.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 3
Rating
School
Distance
Mill Stream Elementary School
PublicPK to 5

Skowhegan Area Middle School
Public6 to 8

Skowhegan Area High School
Public9 to 12

Bloomfield Elementary School
Public1 to 3

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.

Similar Homes

Nearby off-market homes

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 Kre Brokerage Group

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.