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102 Manning Drive, 
West Gardiner, ME 04345

$999,000


Bed


7

Baths


5,461

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Cindy Dan

Maine Real Estate Experts

Last updated:

November 15, 2025, 06:42 PM

MLS#

1636230

Source:

ME MREIS

About This Home

102 Manning Drive

Whether you're expanding your portfolio or seeking a legacy property with waterfront appeal, this is a unique chance to own a multi-unit gem in a serene, natural setting—just minutes from I-295 and downtown Gardiner. Nestled at the end of a quiet, private road, this rare 6-unit ranch-style complex offers 1121 feet of stunning waterfront on Cobbosseecontee Stream and sits on 11.81± acres of beautifully landscaped, wooded land. Each single-level entry unit has been thoughtfully built over the past 50 years and 4 units have recently in the past year have been remodeled and includes its own new washer/dryer and new stainless steel appliances—ideal for long-term tenants and low-maintenance management. Enjoy consistent rental income with strong tenant history. The property includes a detached 2-car garage, ample parking, studio shed at waters edge and is part of a road association with low annual fees. This is a solid mid-range cap rate 7.55%, a decent return relative to the property's price. Also listed MLS 1642127

Home Facts

Multi-Family

7 Baths

Built in 1965

Price Summary

999,000

$182 per Sq. Ft.

MLS #:

1636230

Last Updated:

November 15, 2025, 06:42 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

6

Interior

Living Area:

5,461 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

5,461 Sq. Ft.

Year Built:

1965


Lot

Lot Size (Sq. Ft):

514,443


Finances & Disclosures

Finances

Price:

$999,000

Price per Sq. Ft:

$182 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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