- For Sale $675,000
- Property Type Multi-Family
- Property Size 3,514 SF
- Units 6
- Lot Size 0.1 Acre
- Property Tenancy Multi-Tenant
- Year Built 1900
- Year Renovated 1980
- Date Updated Jul 13, 2026
Description
42 Spruce Street is a turnkey 6-unit multifamily investment property in an established in-town Sanford neighborhood, offering convenient access to downtown amenities, services, and major commuter routes just off Route 202.6-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%
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Contacts
Noah Stebbins
The Boulos Company
Location
Contact Listing Broker
Noah Stebbins
The Boulos Company