207-778-2755Call Now272 Morrison Hill Rd, Farmington, ME

$949,900
MLS#: 1625919
2 Bath
  • Type: Multi-family
  • Lot Size: 0.19 Acres
  • Year Built: 1900
  • Square Feet: 4,924

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Property Details

This is a rare opportunity to invest in a prime mixed-use building in the heart of downtown Brunswick. Located in the highly sought-after GM6 District, this expansive property offers nearly 5,000 square feet of space and excellent visibility in a high-traffic area—ideal for residential, commercial, or combined use. Currently configured as 4 units, the building generates a projected gross annual rent of $90,000, resulting in a solid 8% CAP rate. Over the past four years, the property has undergone extensive renovations, including the installation of three new heating systems, the addition and renovation of multiple bathrooms, a full remodel of a two-bedroom, two-bath residential unit, and the installation of new windows. Additional upgrades include construction of a two-story staircase to provide a second egress, exterior painting, foundation repairs, and a storefront conversion. Three long-term tenants are currently in place, with 2 leases secured through 4/27 and 1 lease secured thru 9/28 offering immediate and stable rental income. This well-maintained and versatile building is a standout investment opportunity in a growing and vibrant downtown district. Cross Reference Commercial Listing : MLS 1562920

Property Listed by: EXP Realty

Home Features

Bathrooms:
2
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
4924
Basement:
Construction:
Year Built:
1900
Roof:
Heating:
Cooling:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.19
Road Surface Type:
Paved
Sewer:
Public Sewer
Zoning:
GM6

Map (approximate)

Realtor MLS

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.