Last Sold Price
3,800 sqft$78/sqft
877 Indian River Rd, Addison, ME 04606

Description

Investors take notice! Fully rented 3 Unit apartment building, with potential for store front and/or additional storage and garage commercial space. Two units freshly renovated/built within past two years. Property includes enough acreage to add more rentals with existing unused well already established. Layout features two 2 bedrooms/1-bathroom units and a 1 bedroom/1 bathroom unit. All units fully equipped with washer/dryer, stove, and fridge.Investors take notice! Fully rented 3 Unit apartment building, with potential for store front and/or additional storage and garage commercial space. Two units freshly renovated/built within past two years. Property includes enough acreage to add more rentals with existing unused well already established. Layout features two 2 bedrooms/1-bathroom units and a 1 bedroom/1 bathroom unit. All units fully equipped with washer/dryer, stove, and fridge.
LISTING CLOSED: 05/30/2023 12:00 AM

  1. Listed by Shaye Lee • Better Homes & Gardens Real Estate/The Masiello Group
    P: (207) 460-2311 C: (207) 460-2311 shayelee@masiello.com

Property Details for 877 Indian River Road

Status
MLS #
1556647
Days on Market
3
Taxes
$1,099 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family
Year Built
1974
Lot Size
3.70 AC / 161,172 SF
Architectural Style
Other
Style
Other
View
Trees/Woods
Has Waterfront
No
Zoning
RES/COMM

Recent comparable sales

Median sold price

$300,000

Avg days on market

79

Sale-to-list ratio

94.3%

[Addison, ME]

9 comparable properties found

1

$460,000

Sold 02/02/26

Unavailable
Bedrooms
4
Bathrooms
3,416
Square Feet
0.16
Acres
2

$365,000

Sold 05/27/25

Unavailable
Bedrooms
3.5
Bathrooms
1,792
Square Feet
0.04
Acres
3

$505,000

Sold 02/24/25

Unavailable
Bedrooms
4
Bathrooms
2,779
Square Feet
0.21
Acres
$285,000 | 6372 Yellowstone Trail, Addison, WI 53002
4

$285,000

Sold 01/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.31
Acres
5

$320,000

Sold 09/04/25

Unavailable
Bedrooms
3,804
Square Feet
0.67
Acres
$300,000 | 17635 Manitou Beach Road, Addison, MI 49220
1/70
6

$300,000

Sold 11/08/24

4
Bedrooms
3,864
Square Feet
5.60
Acres
$18,000 | M9-l9c M9-l9c Black Bear Lane, Addison, ME 04606
1/6
7

$18,000

Sold 12/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.15
Acres
$277,500 | 40 Airport Road, Addison, ME 04606
1/57
8

$277,500

Sold 06/23/26

3
Bedrooms
1,884
Square Feet
1.52
Acres
$30,000 | M9-l16 Airport Road, Addison, ME 04606
1/26
9

$30,000

Sold 02/12/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.39
Acres

Location

Listing Courtesy of Better Homes & Gardens Real Estate/The Masiello Group

Sold By NextHome Coast2Coast

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Building Information for 877 Indian River Road

Stories2Residences3Year Built1974Building Size-Lot Size3.70 AC / 161,172 SF

Payment Calculator

$1,604 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,512

Property Taxes

$92

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 877 Indian River Road

Summary
Location and General Information
  • Water View: No
  • Location: Rural
  • Page: 117
  • Zoning Overlay: No
  • Directions: Take route 187 to Jonesport from Columbia Falls go 4 miles, the property will be on the right
  • Latitude: 44.602337
  • Longitude: -$67.68
Taxes and HOA
  • Association: No
  • Parcel Number: ADDI-000012-000000-000035-000001
  • Tax Lot: 35-1
  • Tax Book Number: 4755
  • Tax Map Number: 12
  • Tax Year: 2022
  • Tax Annual Amount: $1,098.92
Parking
  • Parking Features: 21+ Spaces, Paved, On Site, Carport, Detached
  • Parking: 21+ Spaces, On Site
  • Vehicle Storage: 1 Car, Carport, Detached, Other Vehicle Storage
  • Has Attached Garage: No
  • Garage Spaces: 1.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Open, Level, Wooded, Rural
  • Lot Size Acres: 3.7
  • Lot Size Area: 3.7
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 161172.0
  • Lot Size Units: Acres
  • Roads: Public
  • Road Frontage: true
  • Road Frontage: 280.0
  • Source of Road Frontage: Public Records
  • SqFt Source: Public Records
  • Site: Level, Open, Wooded
Property and Assessments
  • Above Grade Finished Area: 3800.0
  • Building Area Total: 3800.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Restrictions: No Restrictions
  • Construction: Wood Frame
  • Year Built: 1974
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Foundation Details: Slab
  • Foundation Materials: Slab
  • Construction Materials: Wood Siding, Vinyl Siding, Wood Frame
  • Color: Red & White
  • Stories: 2
  • Stories Total: 2
Financial Information
  • List Price/SqFt: $84.21
Utilities
  • Heat Fuel: Gas Bottled, Oil, Propane
  • Pole: Yes
  • # Heating Units: 3
  • # Water Heaters: 3
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Well, Private
  • Water Heater: Electric
  • Utilities: Utilities On, Pole
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding, Wood Siding
  • Roof: Composition, Shingle
  • Driveway: Paved
Interior Features
  • Accessibility Features: Level Entry
  • Amenities: Laundry - Hookup
  • Bathrooms Full: 3
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Integer: 3
  • Equipment: Internet Access Available
  • Laundry Features: Washer Hookup
  • Other Equipment: Internet Access Available
  • Basement: Not Applicable
  • Basement: Slab
  • Has Fireplace: No
  • Has Cooling: No
  • Heating: Forced Air, Direct Vent Heater
  • Has Heating: Yes
  • Flooring: Wood, Laminate
Room Information
Laundry
  • Laundry Room Amenities: Washer Hookup
Multi Family
Multi Family Information
  • # of 1 BD Units: 1
  • # of 2 BD Units: 2
  • Number Of Units Total: 3
Income & Expenses
  • Gross Income: $40,200.00
  • Operating Expense: $17,965.00
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: No Restrictions

Property History for 877 Indian River Road

DateEvent & SourcePriceAppreciation
May 30, 2023

Sold (Public Record)

Public Record #1512476715

$297,500
May 30, 2023

Sold

Maine Listings #1556647

$297,500
Apr 23, 2023

Pending

Maine Listings #1556647

DateEvent & SourcePrice
05/30/2023

Sold (Public Record)

Public Record #1512476715

$297,500
05/30/2023

Sold

Maine Listings #1556647

$297,500
04/23/2023

Pending

Maine Listings #1556647

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

Public Records for 877 Indian River Road

Taxable ValueLand$24,500Additions$101,800Total$126,300
Tax Record2025$2,438 ($203 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt3,796 SqFtAbove Grade Finished SqFt3,796 SqFtStories2Lot Size161,172 SqFtStyleSingle Family ResidenceYear Built1974Year Renovated1974ZoningRESCountyWASHINGTONAPNADDI M:12 L:35-1

Schools near 877 Indian River Road

This home is within Regional School Unit 37 Msad 37.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Daniel W Merritt School
PublicPK to 6

Narraguagus High School
Public7 to 12

Harrington Elementary School
PublicPK to 6

Milbridge Elementary School
PublicPK to 6

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: 877 Indian River Road, Addison, ME 04606
$297,500
3,800
161,172
3
1
960
33,977
4
2
744
61,420
3
1
1,308
54,450
$23,000
1
800
56,628
910
60,984

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 Better Homes & Gardens Real Estate/The Masiello 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.