42 Spruce St - Apartments FOR SALE


Sanford, ME 04073
$675,000 USD
207-544-4100
42 Spruce St, Sanford, ME for Sale
$675,000 USD
Apartments - FOR SALE
1/5
null | 8.3% Cap Rate

42 Spruce St
Sanford, ME 04073


OVERVIEW

6-unit multifamily investment property in an established, in-town Sanford neighborhood, offering convenient access to downtown amenities, services, and major commuter routes Unit Mix: One (1) studio, one (1) 1-BR unit, & four (4) 2-BR units (separately metered electric). All units have been renovated. Situated in York County, one of Southern Maine's most active investment corridors, benefiting from regional growth and spillover demand from Greater Portland and the Seacoast Recent improvements include new roof, vinyl siding, & decks (2025) Opportunity to add three (3) additional bedrooms in the attic space if egress is installed. Confirm with City of Sanford. SALE PRICE: $675,000.00 | $112,500.00/unit | Cap Rate: 8.30%

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

8.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,321 SF

ZONING

U

APN/PARCEL ID

SANF-000027-J000028

ASK ABOUT THIS PROPERTY

Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

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Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.