Open: 3/21 11:00AM - 01:00PM
Open: 3/21 11:00AM - 01:00PM
Description
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...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.
- Listed by Jeffrey Jellison • CENTURY 21 Atlantic Realty
Property Details for 309 Sanford Road
Waterfront
No
ArchitecturalStyleColonial
GarageNo
ZoningRC
ViewTrees/Woods
Open Houses
LISTING UPDATED: 03/19/2026 01:00 PM
Property Details for 309 Sanford Road
| Status | Active |
|---|---|
| MLS # | 1653538 |
| Days on Market | 8 |
| Taxes | $4,189 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1977 |
| Lot Size | 3.14 AC / 136,778 SF |
| County | York County |
Location
Listing Courtesy of CENTURY 21 Atlantic Realty
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Building Information for 309 Sanford Road
Stories2Residences6Year Built1977Building Size-Lot Size3.14 AC / 136,778 SF
Payment Calculator
$5,178 per month
30 year fixed, 6.11% Interest
Principal and Interest
$4,829
Property Taxes
$349
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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1Property Information for 309 Sanford Road
Summary
Location and General Information
- Road Surface Type: Dirt
- Directions: North or south to Wells exit off 95. Left onto Sanford Road. Property on left.
- Town: Wells
- State/Province: ME
- Zip Code: 04090
- County: York
- Geo Latitude: 43.321969
- Geo Longitude: -70.59592
- Tax Lot: 007
- Site:Level: Yes
- Site:Open: Yes
- Location:Near Railroad: Yes
- Location:Near Town: Yes
- Location:Near Turnpike/Interstate: Yes
- Transportation:Major Road Access: Yes
- Transportation:Public Transport Access: Yes
Parking
- Parking Features: 11 - 20 Spaces, Gravel
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 18899
- Tax Map Number: 0133
- Tax Year: 2025
- Parcel Number: WLLS-000133-000000-000007
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,189.00
Property
Heating and Cooling
- Water Heater:Electric: No
- Water Heater:Other Water Heater: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 4640.0
- Lot Size Acres: 3.14
- Source of Acreage: Public Records
- Building Area Total: 4640.0
- Lot Size Area: 3.14
- Lot Size Units: Acres
- Lot Size Square Feet: 136778.4
- Bathrooms Full: 6
- Bathrooms Half: 0
- Street Number: 309
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Deed Restrictions: Unknown
- Property Information:2 Detached Houses on 1 Lot: Yes
- Property Information:Total Half Baths: .00
- Property Information:Color: White
- Property Information:Source of Road Frontage: Public Records
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1977
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Composition, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: None, Not Applicable
- Flooring: Vinyl, Carpet
- Cooling: None
- Heating: Hot Water, Baseboard
- Foundation Details: Other
- Laundry Features: Laundry - Coin
- # Stories: 2
- # Floors: 2
- Bathrooms Total (Integer): 6
- Bathrooms Total (Decimal): 6.00
- Bathrooms Total (Notational): 6.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $90,000.00
- Operating Expenses: $13,916.18
Multi-Family Information
- Number of Units: 6
- Building Info:# Stories: 2
- Building Info:# Floors: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $1,000.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 3.00
- Unit 1:# of Bedrooms: 1.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $1,000.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 3.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $1,000.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 3.00
- Unit 3:# of Bedrooms: 1.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: Second
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $1,000.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 3.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit 5
- Unit 5:Lease: No
- Unit 5:Level: First
- Unit 5:Security Deposit: No
- Unit 5:Monthly Rent: $2,000.00
- Unit 5:# Full Baths: 1.00
- Unit 5:# Half Baths: .00
- Unit 5:# of Rooms: 5.00
- Unit 5:# of Bedrooms: 3.00
- Unit 5:Dedicated Electric Meter: Yes
- Unit 5:Dedicated Gas Meter: No
- Unit 5:Dedicated Water Heater: No
- Unit 5:Electric: No
- Unit 5:Heat: Yes
- Unit 5:Range: Yes
- Unit 5:Refrigerator: Yes
- Unit 5:Sewer: Yes
- Unit 5:Water: Yes
Unit 6
- Unit 6:Lease: No
- Unit 6:Level: Second
- Unit 6:Security Deposit: No
- Unit 6:Monthly Rent: $1,500.00
- Unit 6:# Full Baths: 1.00
- Unit 6:# Half Baths: .00
- Unit 6:# of Rooms: 5.00
- Unit 6:# of Bedrooms: 3.00
- Unit 6:Dedicated Electric Meter: Yes
- Unit 6:Dedicated Gas Meter: No
- Unit 6:Dedicated Water Heater: No
- Unit 6:Electric: No
- Unit 6:Heat: Yes
- Unit 6:Range: Yes
- Unit 6:Refrigerator: Yes
- Unit 6:Sewer: Yes
- Unit 6:Water: Yes
Unit 19
- Unit 19:Heat: Yes
- Unit 19:Range: Yes
- Unit 19:Sewer: Yes
- Unit 19:Water: Yes
Unit 20
- Unit 20:Heat: Yes
- Unit 20:Range: Yes
- Unit 20:Refrigerator: Yes
- Unit 20:Sewer: Yes
- Unit 20:Water: Yes
Unit Information
- Units:# of 1 BD Units: 4
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 2
- Units:# of 4+ BD Units: 0
Property History for 309 Sanford Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 5, 2026 | Listed (Active) Maine Listings #1653538 | $995,000 | — |
| Dec 3, 2021 | Sold Maine Listings #1513341 | $755,000 | — |
| Nov 16, 2021 | Active Under Contract Maine Listings #1513341 | — | |
| Oct 27, 2021 | Listed (Active) Maine Listings #1513341 | $739,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/05/2026 | Listed (Active) Maine Listings #1653538 | $995,000 |
| 12/03/2021 | Sold Maine Listings #1513341 | $755,000 |
| 11/16/2021 | Active Under Contract Maine Listings #1513341 | — |
| 10/27/2021 | Listed (Active) Maine Listings #1513341 | $739,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 309 Sanford Road
Taxable ValueLand$167,350Additions$481,120Total$648,470
Tax Record2025$4,189 ($349 / month)
Home Facts
Total Finished SqFt1,904 SqFtAbove Grade Finished SqFt1,904 SqFtStories2Lot Size136,778 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated2000ZoningRCCountyYORKAPNWLLS M:133 L:7
Schools near 309 Sanford Road
This home is within Wells-Ogunquit Community School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Wells Elementary School PublicK to 4 | ||
Wells Junior High School Public5 to 8 | ||
Wells 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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Listing Courtesy of CENTURY 21 Atlantic 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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
