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

$360,000
MLS#: 1646834
6 Bath
  • Type: Multi-family
  • Lot Size: 0.16 Acres
  • Year Built: 1923
  • Square Feet: 5,070

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Property Details

Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability. The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns. Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.

Property Listed by: Keller Williams Realty

Home Features

Bathrooms:
6
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
5070
Basement:
Construction:
Year Built:
1923
Roof:
Heating:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.16
Sewer:
Public Sewer
Zoning:
Res

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.