Turnkey 6-Unit Multifamily

42 Spruce St, Sanford, ME 04073

Property Information

  • 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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