14 Charles ST, Berwick, ME 03901
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14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
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Listed by SRE Brokers
$ 750,000
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Pending

14 Charles ST Berwick, ME 03901

4 Baths

2,638 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 2,638 sqft

MLS Listing ID 1655901

Style New Englander

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,638

Year Built 1920

Annual Tax Amount $6,317

Tax Year 2026

Lot Size 0.280 Acres

Acres 0.28

Source Maine Listings

Land Area 2638

Property Description

Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable.

Residents benefit from convenient access to the public library, local shops, cafés, and the growing mix of businesses and services within Berwick's downtown redevelopment district. As the corridor continues to evolve, demand for quality rental housing in this location remains strong. Whether you're seeking a reliable 1031 exchange option, a well-positioned addition to your portfolio, or a long-term hold in a market experiencing thoughtful revitalization, this property delivers a compelling blend of updated condition, location and income performance. Actual Gross Income $68,160. Projected Gross with Unit 3- $86,760 Gross. Expenses are $13,624 (Water/Sewer, Taxes, Insurance, Trash)

Location

State ME

County York

Zoning R1

Rooms

Basement Walk-Out Access, Exterior Only, Unfinished

Interior

Heating Hot Water, Heat Pump, Baseboard

Cooling None

Flooring Wood, Laminate

Exterior

Parking Features 5 - 10 Spaces, Paved

View Y/N No

Roof Type Composition,Metal

Street Surface Paved

Porch Deck, Porch

Garage No

Building

Lot Description Level, Intown, Near Town

Story 3

Foundation Block, Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style New Englander

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Unknown

Energy Description Oil, Electric


Maine MLS (MREIS) IDX
Jeffrey Jolicoeur

Jeffrey Jolicoeur

Team Leader, Broker | BR916783

+1(207) 649-6893

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14 Charles ST