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

$389,000
MLS#: 1653584
6 Bath
  • Type: Multi-family
  • Lot Size: 0.33 Acres
  • Year Built: 1880
  • Square Feet: 4,473

Request Information

There was a problem with your submission. Please correct the issues below

* Required Fields

Property Details

Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.

Property Listed by: Coldwell Banker Realty

Home Features

Bathrooms:
6
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
4473
Basement:
Construction:
Year Built:
1880
Roof:
Stories:
3
Stories total:
3
Heating:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.33
Road Surface Type:
Paved
Sewer:
Public Sewer
Zoning:
Residential

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.