Sold
Last Sold Price
13,500 sqft

319-335 Southgate Rd, Old Town, ME 04468

Multi FamilyProperty Type
34 acresLot Size
2003Year Built
$74/sq ftPrice per sq ft

Description

This is a once in a lifetime investment opportunity with plenty of expansion potential. 5 duplexes, totaling 10 units have been very well maintained and constructed with low maintenance in mind. The 34 acres leaves plenty of room for more duplexes to be built and capitalize on all the income potential this property has to offer. The location is a quiet, country setting yet just 10 miles to UMaine. If you have been looking for that ultimate investment opportunity, don't let this one get away. Set...This is a once in a lifetime investment opportunity with plenty of expansion potential. 5 duplexes, totaling 10 units have been very well maintained and constructed with low maintenance in mind. The 34 acres leaves plenty of room for more duplexes to be built and capitalize on all the income potential this property has to offer. The location is a quiet, country setting yet just 10 miles to UMaine. If you have been looking for that ultimate investment opportunity, don't let this one get away. Set up your showing today.
  • Listed by: Sarah Ryan 207.240.2093 sarahryan0622@gmail.com • NextHome Experience
Listing closed: 10/07/2022 12:00 AM • Source: Maine Listings, MLS#: 1530613
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Recent comparable sales

Median sold price

$289,900

Avg days on market

27

Sale-to-list ratio

91.6%

Old Town, ME

9 comparable properties found

$10,000 | 2444 Bennoch Road, Old Town, ME 04468
1/3
1

$10,000

Sold 12/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.45
Acres
2

$825,000

Sold 11/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
5,250
Square Feet
0.24
Acres
$295,000 | 202 Center Street, Old Town, ME 04468
1/73
3

$295,000

Sold 12/29/25

Unavailable
Bedrooms
2,370
Square Feet
0.09
Acres
$277,000 | 339 Stillwater Avenue, Old Town, ME 04468
1/41
4

$277,000

Sold 07/13/26

Unavailable
Bedrooms
2,122
Square Feet
1.25
Acres
$257,600 | 11 5th Street, Old Town, ME 04468
1/32
5

$257,600

Sold 10/03/25

Unavailable
Bedrooms
1,844
Square Feet
0.19
Acres
$289,900 | 34 6th Street, Old Town, ME 04468
1/67
6

$289,900

Sold 09/02/26

Unavailable
Bedrooms
2,790
Square Feet
0.19
Acres
$270,000 | 395 Fourth Street, Old Town, ME 04468
1/15
7

$270,000

Sold 07/22/25

Unavailable
Bedrooms
2,100
Square Feet
0.16
Acres
$325,000 | 28 Abbott Street, Old Town, ME 04468
1/32
8

$325,000

Sold 08/24/26

Unavailable
Bedrooms
1,797
Square Feet
0.37
Acres
$375,000 | 543 Main Street, Old Town, ME 04468
1/101
9

$375,000

Sold 09/30/26

Unavailable
Bedrooms
3,405
Square Feet
0.31
Acres

Location

Listing Courtesy of NextHome Experience

Sold By Better Homes & Gardens Real Estate/The Masiello Group

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$6,631 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,339

Property Taxes

$1,292

HOA Dues

$0

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Property Information for 319-335 Southgate Road

Property Details

  • Taxes: $15,508 / year
  • MLS Type: Multi-Family
  • Architectural Style: Cape Cod, Ranch
  • Style: Cape Cod, Ranch
  • Has Waterfront: No
  • Zoning: R-3A - RURAL RES A

Building Information

  • Residences: 10
  • Year Built: 2003
  • Lot Size: 34.00 AC / 1,481,040 SF

Summary

Location and General Information
  • Water View: No
  • Location: Near Turnpike/Interstate, Near Town
  • Page: 341-343
  • Directions: I-95 to Route 43. Left onto Route 16. Right onto Route 116. Approximately 5 miles down on the right.
  • Latitude: 44.987177
  • Longitude: -$68.66
Taxes and HOA
  • Association: No
  • Tax Lot: 30 & 30A
  • Tax Book Number: 14982
  • Tax Map Number: 004
  • Tax Year: 2021
  • Tax Annual Amount: $15,508.00
Parking
  • Parking Features: 1 - 4 Spaces, Gravel
  • Parking: 1 - 4 Spaces
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No

Property

Lot Information
  • Lot Features: Well Landscaped, Open, Level, Wooded, Near Turnpike/Interstate, Near Town
  • Lot Size Acres: 34.0
  • Lot Size Area: 34.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 1481040.0
  • Lot Size Units: Acres
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Road Frontage: true
  • Road Frontage: 1114.0
  • Source of Road Frontage: Public Records
  • SqFt Source: Public Records
  • Site: Level, Open, Well Landscaped, Wooded
Property and Assessments
  • Above Grade Finished Area: 13500.0
  • Building Area Total: 13500.0
  • Property Type: Multi-Family
  • Construction: Masonry, Wood Frame
  • Structure Type: Duplex
  • Structure Type: Duplex
  • Year Built: 2003
Building Features
  • Foundation Details: Slab
  • Construction Materials: Brick, Block, Masonry, Wood Frame
Financial Information
  • List Price/SqFt: $92.59
Utilities
  • Heat Fuel: Electric, Oil, Propane
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Septic Tank, Private Sewer, Septic Design Available
  • Water Source: Well, Private
  • Water Heater: Off Heating System
  • Utilities: Utilities On
  • Utilities On: Yes

Interior and Exterior Features

Exterior Features
  • Exterior: Block, Brick
  • Roof: Metal
  • Driveway: Gravel
Interior Features
  • Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Washer Hookup
  • Bathrooms Full: 18
  • Bathrooms Total Decimal: 18.0
  • Bathrooms Total Integer: 18
  • Laundry Features: Washer Hookup
  • Basement: Interior, Crawl Space, Partial, Sump Pump
  • Basement: Slab, Crawl Space, Partial, Sump Pump
  • Has Cooling: No
  • Heating: Hot Water, Baseboard
  • Has Heating: Yes
  • Flooring: Tile, Laminate, Carpet
  • Interior Features: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub

Room Information

Laundry
  • Laundry Room Amenities: Washer Hookup

Multi Family

Multi Family Information
  • # of 2 BD Units: 10
  • Number Of Units Total: 10
Income & Expenses
  • Gross Income: $101,700.00
  • Operating Expense: $51,957.96

Unit Information

Unit 1
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 2
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $800.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 3
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 4
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 5
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 6
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $950.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 7
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: No
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 8
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $775.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 9
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 10
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 2
  • Rooms Total: 4

Rental

Rent Information
  • Land Lease: No

Property History for 319-335 Southgate Road

DateEvent & SourcePriceAppreciation
Oct 7, 2022

Sold

Maine Listings #1530613

$1,000,000—
May 31, 2022

Listed (Active)

Maine Listings #1530613

$1,250,000—
Aug 18, 2018

Expired

Maine Listings #1243753

$510,000—
DateEvent & SourcePrice
10/07/2022

Sold

Maine Listings #1530613

$1,000,000
05/31/2022

Listed (Active)

Maine Listings #1530613

$1,250,000
08/18/2018

Expired

Maine Listings #1243753

$510,000

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

Schools near 319-335 Southgate Road

This home is within Regional School Unit 34.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Alton Elementary School
PublicPK to 2

Leonard Middle School
Public6 to 8

Old Town 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 319-335 Southgate Road, Old Town, ME 04468
$1,000,000
–
13,500
1,481,040
$1,000,000
4
2
2,700
627,264
–
–
–
–
435,600
–
3
1
1,870
871,200
–
1
–
630
185,566
$14,500
–
–
–
435,600

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.