4 Stimson St
Description
Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking...Prime 3-Unit Investment Property - Low Maintenance, High Return
Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success.
- Listed by Joseph Leddy Jr • Duston Leddy Real Estate
Sold By The Aland Realty Group, LLC
Property Details for 4 Stimson Street
Property Details for 4 Stimson Street
| Status | Closed |
|---|---|
| MLS # | 1618847 |
| Days on Market | 24 |
| Taxes | $9,363 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1890 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | York County |
Location
Building Information for 4 Stimson Street
Payment Calculator
$6,629 per month
30 year fixed, 6.15% Interest
$5,849
$780
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1Property Information for 4 Stimson Street
- Road Surface Type: Paved
- Zip Code: 1628
- Town: Kittery
- State/Province: ME
- Zip Code: 03904
- County: York
- Geo Latitude: 43.086319493380024
- Geo Longitude: -70.750974253967286
- Tax Lot: 23
- Site:Other Site: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Parking Features: 11 - 20 Spaces, Paved, Common, On Site
- Attached Garage: No
- Tax Book Number: 19349
- Tax Map Number: 3
- Tax Year: 2024
- Parcel Number: KITT-000003-000000-000023
- Location Information:Association Y/N: No
- Tax Annual Amount: $9,363.00
- Water Heater:Electric: No
- Water Heater:Other Water Heater: Yes
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 4050.0
- Lot Size Acres: 0.25
- Source of Acreage: Public Records
- Building Area Total: 4050.0
- Lot Size Area: 0.25
- Lot Size Units: Acres
- Lot Size Square Feet: 10890.0
- Bathrooms Full: 6
- Bathrooms Half: 0
- Street Number: 4
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
- Driveway:Common: Yes
- Driveway:Paved: Yes
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1890
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
- Construction Materials: Vinyl Siding, Wood Frame
- Vehicle Storage:2 Car: Yes
- Roof: Shingle
- Basement: Walk-Out Access, Partial
- Flooring: Wood
- Cooling: None
- Heating: Forced Air
- Foundation Details: Concrete Perimeter
- Laundry Features: Laundry - 1st Floor, Main Level
- # Floors: 3
- Bathrooms Total (Integer): 6
- Bathrooms Total (Decimal): 6.00
- Bathrooms Total (Notational): 6.00
- Cooling YN: No
- Heating YN: Yes
- Gross Income: $118,000.00
- Operating Expenses: $25,712.00
- Number of Units: 3
- Building Info:# Stories: 3
- Building Info:# Heating Units: 3
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $3,500.00
- Unit 1:# Full Baths: 2.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 4.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: Yes
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: No
- Unit 1:Heat: No
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: No
- Unit 1:Water: No
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $3,500.00
- Unit 2:# Full Baths: 2.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: Yes
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: No
- Unit 2:Heat: No
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: No
- Unit 2:Water: No
- Unit 3:Lease: No
- Unit 3:Level: First
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $3,500.00
- Unit 3:# Full Baths: 2.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 4.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: Yes
- Unit 3:Dedicated Water Heater: Yes
- Unit 3:Electric: No
- Unit 3:Heat: No
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: No
- Unit 3:Water: No
- Unit 4:Electric: No
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 3
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 4 Stimson Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 6, 2025 | Sold (Public Record) Public Record #1618846747 | $1,200,000 | — |
| Jun 6, 2025 | Sold Maine Listings #1618847 | $1,200,000 | — |
| Jun 6, 2025 | Sold New England Real Estate Network #5036006 | $1,200,000 | — |
| May 5, 2025 | Active Under Contract Maine Listings #1618847 | — | |
| May 5, 2025 | Pending New England Real Estate Network #5036006 | — | |
| Apr 11, 2025 | Listed (Active) New England Real Estate Network #5036006 | $1,300,000 | — |
| Apr 9, 2025 | Listed (Active) Maine Listings #1618847 | $1,300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/06/2025 | Sold (Public Record) Public Record #1618846747 | $1,200,000 |
| 06/06/2025 | Sold Maine Listings #1618847 | $1,200,000 |
| 06/06/2025 | Sold New England Real Estate Network #5036006 | $1,200,000 |
| 05/05/2025 | Active Under Contract Maine Listings #1618847 | — |
| 05/05/2025 | Pending New England Real Estate Network #5036006 | — |
| 04/11/2025 | Listed (Active) New England Real Estate Network #5036006 | $1,300,000 |
| 04/09/2025 | Listed (Active) Maine Listings #1618847 | $1,300,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4 Stimson Street
Schools near 4 Stimson Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 4 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Horace Mitchell Primary School PublicK to 3 | ||
Shapleigh School Public4 to 8 | ||
Robert W Traip Academy 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Duston Leddy Real Estate
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.
