88 Main Road

Closed 9/11/25
Closed 9/11/25
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Sold
Last Sold Price
$425,000
4,200 sqft$101/sqft
88 Main Rd, Milford, ME 04461
Multi FamilyProperty Type
6,098 sq ftLot Size
1900Year Built
$101/sq ftPrice per sq ft

Description

This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for...This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort. Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place. Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
  • Listed by: Sarah Dyer 207.385.6170 sarahdyer@masiello.com • Better Homes & Gardens Real Estate/The Masiello Group
Listing closed: 09/11/2025 12:00 AM • Source: Maine Listings, MLS#: 1612603

Recent comparable sales

Median sold price

$375,000

Avg days on market

69

Sale-to-list ratio

90.8%

Milford, ME

9 comparable properties found

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1

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$227,500 | 103 Main Road, Milford, ME 04461
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Unavailable
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Location

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

Sold By ERA Dawson-Bradford Co.

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$2,475 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,196

Property Taxes

$278

HOA Dues

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Property Information for 88 Main Road

Property Details
  • Taxes: $3,341 / year
  • MLS Type: Multi-Family
  • County: Penobscot County
  • Architectural Style: Other
  • Style: Other
  • Has Waterfront: No
  • Zoning: Village
Building Information
  • Residences: 6
  • Year Built: 1900
  • Lot Size: 0.14 AC / 6,098 SF
Summary
Location and General Information
  • Water View: No
  • Location: Intown, Near Shopping
  • Page: 284
  • Directions: Take Rt 2 to Milford. Rt 2 is Main St. Going north subject property is at corner of Mill St. on left.
  • Latitude: 44.944035
  • Longitude: -$68.64
Taxes and HOA
  • Association: No
  • Parcel Number: MILD-000023-000000-000100
  • Tax Lot: 100
  • Tax Book Number: 15409
  • Tax Map Number: 023
  • Tax Year: 2024
  • Tax Annual Amount: $3,341.00
Parking
  • Parking Features: Gravel, Off Street
  • Parking: Off Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Source: Seller
  • Lot Size Square Feet: 6098.4
  • Lot Size Units: Acres
  • Roads: Public
  • Tree Growth: false
  • Site: Level, Sidewalks
Property and Assessments
  • Above Grade Finished Area: 4200.0
  • Building Area Total: 4200.0
  • Property Type: Multi-Family
  • Construction: Wood Frame
  • Year Built: 1900
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Foundation Details: Stone, Brick/Mortar
  • Foundation Materials: Stone, Brick/Mortar
  • Construction Materials: Vinyl Siding, Wood Frame
Financial Information
  • List Price/SqFt: $130.95
Utilities
  • Heat Fuel: Electric, Propane
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Electric
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding
  • Roof: Shingle
  • Driveway: Gravel
Interior Features
  • Other Description: Stone and brick from 1900s
  • Bathrooms Full: 6
  • Bathrooms Total Decimal: 6.0
  • Bathrooms Total Integer: 6
  • Basement: Interior, Dirt Floor, Other
  • Basement: Dirt Floor, Other
  • Cooling: Heat Pump
  • Has Cooling: Yes
  • Heating: Heat Pump, Direct Vent Heater, Baseboard
  • Has Heating: Yes
  • Flooring: Vinyl, Carpet
Multi Family
Multi Family Information
  • # of 1 BD Units: 4
  • # of 3 BD Units: 1
  • # of 4+ BD Units: 1
  • Number Of Units Total: 6
Income & Expenses
  • Gross Income: $82,500.00
  • Operating Expense: $24,954.00
Rental
Rent Information
  • Land Lease: No

Property History for 88 Main Road

DateEvent & SourcePriceAppreciation
Sep 11, 2025

Sold (Public Record)

Public Record #1913543102

$425,000—
Sep 11, 2025

Sold

Maine Listings #1612603

$425,000—
Jan 14, 2025

Listed (Active)

Maine Listings #1612603

$650,000—
DateEvent & SourcePrice
09/11/2025

Sold (Public Record)

Public Record #1913543102

$425,000
09/11/2025

Sold

Maine Listings #1612603

$425,000
01/14/2025

Listed (Active)

Maine Listings #1612603

$650,000

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

Public Records for 88 Main Road

Taxable ValueLand$17,200Additions$182,600Total$199,800
Tax Record2025$4,917 ($410 / month)
Home Facts
Beds4Baths5Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories2Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1840Year Renovated1840Zoning11 VILCountyPENOBSCOTAPNMILD M:023 B:100

Schools near 88 Main Road

This home is within Milford Public Schools.
Rating
School
Type
Grades
Distance
Dr Lewis S Libby School
Public - PK to 8
Rating
School
Distance
Dr Lewis S Libby School
PublicPK to 8

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: 88 Main Road, Milford, ME 04461
$425,000
–
4,200
6,098
15 Mill Street, Milford, ME 04461
$99,000
2
1,180
11,761
88 Main Street, Milford, ME 04461
$200,000
–
4,200
7,405
86 Main Road, Milford, ME 04461
–
–
2
960
5,663
12 Mill Street, Milford, ME 04461
$115,000
3
583
6,098
58 Main Road, Milford, ME 04461
–
5
1.5
960
7,841

Explore Nearby Homes

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.