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Property view

4 Stimson Street, 
Kittery, ME 03904

$1,200,000


Bed


6

Baths


4,050

Sq Ft


Multi-Family

Sold

Listed by

Joseph Leddy Jr

Bought with The Aland Realty Group, LLC

Duston Leddy Real Estate

MLS#

1618847

Source:

ME MREIS

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About This Home

4 Stimson Street

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.

Home Facts

Multi-Family

6 Baths

Built in 1890

Price Summary

1,300,000

$320 per Sq. Ft.

MLS #:

1618847

Sold:

June 6, 2025


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,050 Sq. Ft.


Structure

Structure

Building Area:

4,050 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$1,300,000

Price per Sq. Ft:

$320 per Sq. Ft.

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