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4 Stimson Street, Kittery, ME 03904

Beds
6
Baths
6
Sqft
4,050
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byDuston Leddy Real Estate
  • 2
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Overview

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

Location

Full feature list

Basic info

Number of bedrooms
6
Number of bathrooms
6
Square feet
4,050
Lot size (acres)
0.25
Year built
1890

Interior features

Basement
Yes, Finished

Garage and parking

Garage parking spaces
2

Utilities

Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$9,363

Public schools

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Sourced from: PrimeMLS MLS®#: 5036006 Last checked:

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