About This Home

This 0-bedroom, 11-bathroom residential multi family at 40 Main Street in Limerick, ME is listed for $750,000 ($199 per sqft). Built in 1859, the home offers 3,770 sqft of living space on a 1.20 acres lot.

Key Features

  • Built in 1859
  • 1.20 acre lot
  • 3 stories

Property Details

3 stories
11 full
1859

Amenities

A/C
Listing Description

Offered as a fully operational, turnkey hospitality property, Jeremiah Mason House Bed and Breakfast remains open, actively welcoming guests, and accepting future reservations throughout the sale process. Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine.

The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom, 7-bathroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner occupants seeking both income and long term upside.

The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals. Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal.

Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand. Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.

Monthly Cost Estimate

$4,011/mo

20% down · 6.5% · 30 years

Principal$542
Interest$3,250
Insurance$219

Estimates only. Actual payments may vary.

Location

40 Main Street

Limerick, ME 04048

Features & Amenities

Interior Features

In-Law Apartment1st Floor BedroomBathtubPantryPrimary Bedroom w/Bath

Property Details

Flooring

CarpetWoodVinyl

Construction

Masonry Wood Frame Brick Clapboard

Outdoor Features

DeckPorch

Parking

Off Street

Heating

ZonedOilWoodForced AirKerosenePropane (Heating)

Cooling

Heat PumpWindow Unit(s)

Questions & Answers

This 0-bedroom, 11-bathroom residential multi family at 40 Main Street is listed at $750,000 ($199/sqft). The estimated monthly payment is $4,011 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1859, 1.20 acre lot, 3 stories. Interior Features: In-Law Apartment, 1st Floor Bedroom, Bathtub.

This property is listed by Alexcia Smith and can be reached at 2072276959.

AS

Alexcia Smith

Agent at Portside Real Estate Group

(207) 227-6959

Listed by Portside Real Estate Group · Broker phone: (207) 619-7571 · View on Broker Site

MLS# 1674467· Source: Maine Listings· 44 days on PropertySimple

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40 Main Street, Limerick, ME 04048

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