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About This Home

This 0-bedroom, 2-bathroom residential multi family at 442 W Broadway in Lincoln, ME is listed for $529,000 ($115 per sqft). Built in 1970, the home offers 4,596 sqft of living space on a 5.81 acres lot.

Agent Description

Exceptional investment opportunity with strong income potential and multiple use options. Sitting on 5.81 acres in Lincoln, Maine, this versatile property is currently configured with a thriving first-floor commercial space, and two residential units above, offering the possibility to offset expenses or generate consistent rental income.

The main level is presently operated as a chiropractic office featuring multiple treatment rooms, private office, and both a full and a half bath. This space could continue as a professional setting or could be easily converted into an additional residential unit.

Upstairs, you will find two updated apartments, each offering one bedroom, an open concept kitchen and living area, a full bath with laundry as well as a an attached storage room. Both units enjoy abundant natural light with an inviting atmosphere. The property also includes four storage units ready to generate additional income, along with an attached garage space ideal for vehicle, boat, or equipment storage.

Behind the building is a gravel pad where a mobile home was once placed providing excellent opportunity for another mobile home or future expansion. Set on a spacious, wooded lot, the rear of the property features an old road that could be opened back up for further development or additional building lots.

A large parking area provides ample space for commercial or residential use. Conveniently located near local shopping, schools and dining, this property gives you the flexibility, income potential, and room to grow making it an ideal choice for investors or owner-occupants looking to build equity while generating revenue.

Key Features

  • Built in 1970
  • 5.81 acre lot

Property Details

2 full
1970

Monthly Cost Estimate

$2,829/mo

20% down · 6.5% · 30 years

Principal$383
Interest$2,292
Insurance$154

Estimates only. Actual payments may vary.

Location

442 W Broadway

Lincoln, ME 04457

Features & Amenities

Interior Features

Shower

Property Details

Flooring

VinylCarpet

Construction

Vinyl Siding Wood Frame

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 442 W Broadway is listed at $529,000 ($115/sqft). The estimated monthly payment is $2,292 based on 20% down at 6.5% interest.

Key features include: Built in 1970, 5.81 acre lot. Interior Features: Shower.

This property is listed by Jaime Gilbert and can be reached at 2073431215 or jgilbert.nexthome@aol.com.

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JG

Jaime Gilbert

Agent at NextHome Experience

(207) 343-1215

Listed by NextHome Experience · View on Broker Site

MLS# 1657478· Source: listhub· Updated today

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442 W Broadway, Lincoln, ME 04457

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