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40 Main St, Limerick, ME 04048

  • $750,000

  • 4

    bed

  • 15

    bath

  • 3,770

    Sqft ($199/Sqft)

Multi-family for sale 26 days
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About 40 Main St

Property type Multi-family
Year built 1859
HOA fee $0/month
Lot size 1.2 Acre
Movoto estimate
Property description
Offered as a fully operational, turnkey hospitality property, Jeremiah Mason House Bed and Breakfast remains open, actively welcoming guests, and accepting future reservations throughout the sale process. Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside. The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals. Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal. Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand. Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.
Listed by
Listing Agent - Alexcia Smith
Listing Office - Portside Real Estate Group
Source: MREIS mls logo
MLS#1674467 • last updated 1 week ago
Movoto checked MREIS for data 7 minutes ago
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Overview
Heating K-1/Kerosene, Oil, Propane, Wood, Direct Vent Heater, Forced Air, Zoned
Levels/Style Greek Revival, 3
MLS # 1674467
SqFt 3770
Status Active
Lot Size (Acres) 1.2
Lot Size (Sqft) 52272
Property Tax 6418
Year Built 1859
Interior
Total # of Bathrooms 15
# Full Baths 11
Laundry Main Level
Flooring Carpet, Vinyl, Wood
Interior Features 1st Floor Bedroom, Bathtub, In-Law Floorplan, Pantry, Primary Bedroom W/Bath
Accessibility Features 32 - 36 Inch Doors, Accessible Approach With Ramp
Exterior
Foundation Granite, Brick/Mortar
Construction Masonry, Wood Frame, Brick, Clapboard
Parking Paved, 11 - 20 Spaces, Off Street
Patio/ Porch Deck, Porch
Lot Features Business District, Intown, Level, Sidewalks
Amenities / Utilities
Water Source Public, Well
Location
Zoning B
Multifamily Details
Total # Of Units 4
Operating Expense 53000
Gross Income 138000
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Around the neighborhood

Explore everything this neighborhood has to offer.
9/100
Walk
79/100
Family
4/100
Dining
60/100
Pet
  • Real Estate
  • ME
  • York County
  • Limerick
  • 04048
  • 40 Main St

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