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LAER Realty Partners
29 Lawrence Ave, Fairfield, ME 04937
- $377,000
- 6
- BA
- 4,473
- SqFt
Listing courtesy of Coldwell Banker Realty.
Selling Office: Century 21 Nason Realty.- Sold Price
- $377,000
- List Price
- $389,000
- Closing Date
- Apr 30, 2026
- MLS#
- 1653584
- Status
- CLOSED
- Type
- Multifamily
- City
- Fairfield
- County
- Somerset
- Bathrooms
- 6
- Living Area
- 4,473
- Lot Size
- 14,374
- Year Built
- 1880
Property Description
Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.
Additional Information
- Living Area
- 4,473
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Walkout, Full
- Cooling
- None
- Year Built
- 1880
- Acres
- 0.33
- Roof
- Fiberglass, Metal, Pitched, Shingle
- Foundation
- Stone, Concrete Perimeter, Brick/Mortar
- School District
- RSU 49/MSAD 49
- Style
- Other, Victorian
- Stories
- 3
- Courtesy Of Listing Office
- Coldwell Banker Realty
- Courtesy Of Selling Office
- Century 21 Nason Realty
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