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Jeffrey Jolicoeur

jjolicoeur@surette-realestate.com +1(207) 649-6893

Listed by Coldwell Banker Realty

$ 389,000

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Pending

29 Lawrence AVE Fairfield, ME 04937

6 Baths

4,473 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 4,473 sqft

MLS Listing ID 1653584

Style Other,Victorian

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 4,473

Year Built 1880

Annual Tax Amount $3,010

Tax Year 2023

Lot Size 0.330 Acres

Acres 0.33

Source Maine Listings

Land Area 4473

Property Description

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.

Location

State ME

County Somerset

Zoning Residential

Rooms

Basement Interior, Walk-Out Access, Full

Interior

Interior Features Attic, Bathtub, Shower

Heating Zoned, Hot Water, Forced Air, Baseboard

Cooling None

Flooring Wood, Vinyl, Laminate, Carpet

Fireplaces Number 1

Equipment DSL, Cable

Fireplace Yes

Exterior

Parking Features 5 - 10 Spaces, Paved, On Site, Off Street

View Y/N No

Roof Type Fiberglass,Metal,Pitched,Shingle

Street Surface Paved

Accessibility 32 - 36 Inch Doors

Porch Porch

Garage No

Building

Lot Description Level, Intown, Near Shopping, Near Railroad

Story 3

Foundation Stone, Concrete Perimeter, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other, Victorian

Structure Type Vinyl Siding,Aluminum Siding,Wood Frame

Schools

School District Rsu 49/Msad 49

Others

Restrictions Unknown

Energy Description Propane

Jeffrey Jolicoeur

Team Leader, Broker | BR916783

+1(207) 649-6893

Jeffrey Jolicoeur

29 Lawrence AVE Fairfield, ME 04937

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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29 Lawrence AVE