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7 Mill Street, 
Sanford, ME 04083

$1,350,000


Bed


10

Baths


7,057

Sq Ft


Multi-Family


Virtual Tour

Active

Keller Williams Coastal And Lakes & Mountains Realty

Last updated:

September 18, 2026, 10:43 AM

MLS#

1681112

Source:

ME MREIS

About This Home

7 Mill Street

Rare multi-family portfolio opportunity in Springvale, Maine! Presenting a fully renovated five-unit residential complex (5plex) offered as a turnkey investment, package sale, and ideal 1031 exchange target in York County, Southern Maine. Encompassing over seven thousand square feet of newly redeveloped apartment building space with zero deferred maintenance and zero CapEx required, this rare multi family asset combines immediate cash flow and pro forma strength with massive cost segregation potential. Nearly Finalized condo conversion master documentation and individual unit floor plans establish a pre-mapped exit strategy, allowing an investor to operate the entire complex as a stabilized multi-family rental portfolio today or execute a bulk condo or piecemeal retail unit sell-off down the road. Driven by a tight Southern Maine rental market with historically low vacancy rates, this asset delivers an attractive pro forma cap rate over seven based on conservative average area rents. The property features five distinct floor plans that eliminate internal unit competition and protect aggregate portfolio occupancy. Layouts in this fully renovated multi-family include a sprawling single-level end residence with a private deck, a ground-floor suite with dual home office bonus rooms, a premier riverfront waterfront flagship suite, a sunlit upper residence with soaring vaulted ceilings, and a showcase two-story waterfront loft. Operational overhead will remain exceptionally low with brand-new mechanicals and separately metered utilities, as tenants are individually metered for electric and dedicated propane heat, leaving landlord coverage limited to public water and common grounds. Security System hardwired and cameras installed. Conveniently situated steps from Meeting Grounds Cafe, Number 3 Pond, and Springvale Park in Sanford, this turnkey Maine investment property represents a low-overhead, high-performing asset in a prime Southern Maine location.

Home Facts

Multi-Family

10 Baths

Built in 1864

Price Summary

1,350,000

$191 per Sq. Ft.

MLS #:

1681112

Last Updated:

September 18, 2026, 10:43 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

10


Structure

Structure

Architectural Style:

Colonial, Garden

Building Area:

7,057 Sq. Ft.

Year Built:

1864


Lot

Lot Size (Sq. Ft):

28,749


Finances & Disclosures

Finances

Price:

$1,350,000

Price per Sq. Ft:

$191 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.