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309 Sanford Road, 
Wells, ME 04090

$995,000


Bed


6

Baths


4,640

Sq Ft


Multi-Family

Pending

Listed by

Jeffrey Jellison

Century 21 Atlantic Realty

Last updated:

May 29, 2026, 07:41 AM

MLS#

1653538

Source:

ME MREIS

About This Home

309 Sanford Road

Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.

Home Facts

Multi-Family

6 Baths

Built in 1977

Price Summary

995,000

$214 per Sq. Ft.

MLS #:

1653538

Last Updated:

May 29, 2026, 07:41 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,640 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

4,640 Sq. Ft.

Year Built:

1977


Lot

Lot Size (Sq. Ft):

136,778


Finances & Disclosures

Finances

Price:

$995,000

Price per Sq. Ft:

$214 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.