4 Stimson ST Kittery, ME 03904
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,050 sqft
MLS Listing ID 1618847
Style Townhouse
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,050
Originating Board Maine Listings
Year Built 1890
Annual Tax Amount $9,363
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Description
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.
Location
State ME
County York
Zoning res
Rooms
Basement Partial, Walk-Out Access
Interior
Heating Forced Air
Cooling None
Flooring Wood
Laundry Laundry - 1st Floor, Main Level
Exterior
Parking Features 11 - 20 Spaces, Paved, Common, On Site
Garage Spaces 2.0
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage Yes
Building
Lot Description Near Shopping, Near Town
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Townhouse
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Propane
