40 Main St

Limerick, ME 04048

$750,000
Price
—
Beds
3,770 Sq. Ft.
$199 / Sq. Ft.
3,770
Sq. Ft.
$199
per Sq. Ft.
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New
New
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Description

Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside. The property currently generates approximately $138,000 in annual gross revenue through its existing...Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside. The property currently generates approximately $138,000 in annual gross revenue through its existing mix of hospitality and rental operations. The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals. Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal. Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand. Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.
  1. Listed by Alexcia Smith • Portside Real Estate Group
    P: (207)-227-6959 C: (207)-227-6959 alismith@portsidereg.com

Property Details for 40 Main Street

Architectural Style
Greek Revival
Has Waterfront
No
Zoning
B
LISTING UPDATED: 08/02/2026 02:43 PM

Property Details for 40 Main Street

StatusActive
MLS #1674467
Days on MarketListed Today
Taxes$6,418 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1859
Lot Size1.20 AC / 52,272 SF
CountyYork County
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Location

Listing Courtesy of Portside Real Estate Group
Add your commute

Building Information for 40 Main Street

Stories3Residences4Year Built1859Building Size-Lot Size1.20 AC / 52,272 SF

Payment Calculator

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$4,347 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,812

Property Taxes

$535

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Main Street

Summary
Location and General Information
  • Water View: No
  • Page: 473
  • Zoning Overlay: No
  • Directions: 202W to Main St, GPS
  • Latitude: 43.687026
  • Longitude: -$70.79
Taxes and HOA
  • Association: No
  • Parcel Number: LIME-000022-000000-000069
  • Tax Lot: 69
  • Tax Book Number: 18063
  • Tax Map Number: 22
  • Tax Year: 2025
  • Tax Annual Amount: $6,418.00
Parking
  • Parking Features: Paved, 11 - 20 Spaces, Off Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Business District, Intown, Level, Sidewalks
  • Lot Size Acres: 1.2
  • Lot Size Area: 1.2
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 52272.0
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Roads: Public
  • Road Frontage: true
  • Road Frontage: 180.0
  • Source of Road Frontage: Public Records
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 3410.0
  • Below Grade Finished Area: 360.0
  • Building Area Total: 3770.0
  • Property Type: Multi-Family
  • Deed/Conveyance Type Offered: Warranty
  • Structure Type: Post & Beam
  • Structure Type: Post & Beam
  • Year Built: 1859
Building Features
  • Foundation Details: Granite, Brick/Mortar
  • Construction Materials: Masonry, Wood Frame, Brick, Clapboard
  • Color: Brick
  • Stories: 3
Financial Information
  • List Price/SqFt: $219.94
Utilities
  • Electric: Circuit Breakers, Generator Hookup
  • Gas: Other Gas
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Water Heater: Electric, Oil, On Demand
  • Utilities On: No
Interior and Exterior Features
Exterior Features
  • Roof: Metal, Shingle, Slate
Interior Features
  • Accessibility Features: 32 - 36 Inch Doors, Accessible Approach with Ramp
  • Amenities: 1st Floor Bedroom, Bathtub, In-Law Apartment, Main Level, One-Floor Living, Pantry, Primary Bedroom w/Bath
  • Bathrooms Full: 11
  • Bathrooms Total Decimal: 11.0
  • Bathrooms Total Integer: 15
  • Laundry Features: Main Level
  • Basement: Bulkhead, Interior Entry, Walk-Out Access, Full, Unfinished
  • Patio And Porch Features: Deck, Porch
  • Cooling: Heat Pump, Window Unit(s)
  • Has Cooling: Yes
  • Heating: K-1/Kerosene, Oil, Propane, Wood, Direct Vent Heater, Forced Air, Zoned
  • Has Heating: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Interior Features: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Pantry, Primary Bedroom w/Bath
Room Information
Laundry
  • Laundry Room Amenities: Main Level
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • # of 2 BD Units: 1
  • # of 4+ BD Units: 1
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $138,000.00
  • Operating Expense: $53,000.00
Rental
Rent Information
  • Land Lease: No

Property History for 40 Main Street

DateEvent & SourcePriceAppreciation
Aug 2, 2026

Listed (Active)

Maine Listings #1674467

$750,000—
Aug 2, 2026

Listed (Active)

Maine Listings #1674463

$750,000—
Oct 14, 2019

Withdrawn

Maine Listings #1354372

—
DateEvent & SourcePrice
08/02/2026

Listed (Active)

Maine Listings #1674467

$750,000
08/02/2026

Listed (Active)

Maine Listings #1674463

$750,000
10/14/2019

Withdrawn

Maine Listings #1354372

—

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

Public Records for 40 Main Street

Taxable ValueLand$103,040Additions$572,496Total$675,536
Tax Record2025$6,418 ($535 / month)
Home Facts
Beds0Total Finished SqFt1,952 SqFtAbove Grade Finished SqFt1,952 SqFtStories2Lot Size52,272 SqFtStyleSingle Family ResidenceYear Built1859Year Renovated1859CountyYORKAPNLIME M:22 L:69

Schools near 40 Main Street

This home is within Regional School Unit 57 Msad 57.
Rating
School
Type
Grades
Distance
Line Elementary School
Public - PK to 5
Massabesic Middle School
Public - 6 to 8
Massabesic High School
Public - 9 to 12
Waterboro Elementary School
Public - PK to 5
Rating
School
Distance
Line Elementary School
PublicPK to 5

Massabesic Middle School
Public6 to 8

Massabesic High School
Public9 to 12

Waterboro Elementary School
PublicPK to 5

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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More information about 40 Main Street, Limerick, ME 04048

40 Main Street is a multi-family home for sale in Limerick, ME 04048. This listing's school district is Regional School Unit 57 Msad 57. Nearby schools include Line Elementary School, Massabesic Middle School and Massabesic High School. 40 Main Street is a 0-bed, 15-bath, 3,770 sqft multi-family home built in 1859.

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 Portside Real Estate 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.