4 Stimson
Kittery, ME 03904
- – beds
- – baths
- 4,050 sqft
- 10,890 sqft lot
- $320 per sqft
- 1890 build
- – on site
Prime 3-Unit Investment Property - Low Maintenance, High Return Welcome to 4 Stimson Street — a well-maintained, low-maintenance triplex perfectly located near Kittery Foreside and downtown Portsmouth. This multifamily property offers three spacious 2-bedroom, 2-bath units, each featuring hardwood floors and updated finishes throughout, blending comfort, style, and long-term durability. In addition to generous off-street parking, two of the units include drive-under garages, providing secure parking and additional storage space. One unit also features a full, unfinished basement that's already plumbed for an extra bathroom—offering future expansion potential and added value. With a projected gross annual rental income of $126,000 and tenants covering all utilities, this property ensures strong, consistent cash flow. Coupled with minimal owner responsibilities—limited to property taxes, insurance, snow removal, and routine upkeep—it offers an attractive 8.65% capitalization rate and a truly low-maintenance ownership experience. Whether you're expanding your real estate portfolio, considering a condo conversion, or seeking a turnkey multifamily property in a highly desirable Seacoast location, 4 Stimson Street is a standout investment opportunity built for long-term success
Last checked:
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Last updated Apr 12, 2025
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MLS# 5036006 —
The Building
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Year Built:1890
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Colonial, Townhouse
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Roof:Shingle
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Foundation:Poured Concrete
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Total Stories:3
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Total Units:3
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Approx SqFt Total:4050
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Approx SqFt Total Finished:4,050 Sqft
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Approx SqFt Finished Above Grade:4,050 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade Source:Public Records
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Approx SqFt Finished Building Source:Public Records
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Public Records
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Road Frontage Type:Paved
Interior
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Basement:Yes
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Basement Description:Partial, Unfinished
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Basement Access Type:Interior
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Room 5 Type:Vacant
Room Dimensions
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Room 18 Dimensions:townhouse
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Room 19 Dimensions:townhouse
Location
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Map:3
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Latitude:43.086319493380024
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Longitude:-70.750974253967286
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot:23
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Lot Features:City Lot
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Lot SqFt:10,890 Sqft
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Lot Acres:0 Sqft
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Zoning:R-U
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Driveway:Paved
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Taxes TBD:No
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Tax - Gross Amount:$9,363
Beds
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Bedrooms - Level 4:4
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Total 2 Bedroom Units:3
Baths
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Unit 1 Baths:2
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Unit 2 Baths:2
The Listing
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Price Per SqFt:320.99
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Forced Air
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Total Heat Units:3
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Total Water Heaters:3
Utilities
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Utilities:Other
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Separate Utilities:Yes
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
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Total Gas Meters:3
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Total Electric Meters:3
Appliances
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Total Refrigerators:3
The Community
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Covenants:Unknown
Parking
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Garage:Yes
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Garage Capacity:2
Extra Units
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Unit 1 Rooms:4
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Unit 1 Bedrooms:2
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Unit 2 Bedrooms:2
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Unit 3 Style:Townhouse
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Unit 3 Rooms:4
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Unit 3 Bedrooms:2
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Unit 3 Baths:2
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Unit 1 Info:Appliances Included
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Unit 2 Info:Appliances Included
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Unit 3 Info:Appliances Included
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/11/25
Apr 11, 2025
|
Listed / Active | PRIME_MLS | $1,300,000 |
