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15 South Street, 
Freeport, ME 04032

$1,195,000


Bed


4

Baths


3,900

Sq Ft


Multi-Family

Active

RE/MAX Shoreline

Last updated:

June 4, 2026, 10:13 PM

MLS#

1661934

Source:

ME MREIS

About This Home

15 South Street

SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.

Home Facts

Multi-Family

4 Baths

Built in 1950

Price Summary

1,195,000

$306 per Sq. Ft.

MLS #:

1661934

Last Updated:

June 4, 2026, 10:13 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Architectural Style:

Contemporary

Building Area:

3,900 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$1,195,000

Price per Sq. Ft:

$306 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.