Sold
Last Sold Price
3,800 sqft$78/sqft
877 Indian River Rd, Addison, ME 04606
Multi FamilyProperty Type
3.7 acresLot Size
1974Year Built
$78/sq ftPrice per sq ft
1 carParking Spaces

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.
  • Listed by: Shaye Lee 207.460.2311 shayelee@masiello.com • Better Homes & Gardens Real Estate/The Masiello Group
Listing closed: 05/30/2023 12:00 AM • Source: Maine Listings, MLS#: 1556647

Location

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

Sold By NextHome Coast2Coast

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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

Property Details
  • Taxes: $1,099 / year
  • MLS Type: Multi-Family
  • Architectural Style: Other
  • Style: Other
  • View: Trees/Woods
  • Has Waterfront: No
  • Zoning: RES/COMM
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1974
  • Lot Size: 3.70 AC / 161,172 SF
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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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.