Multi-Family for Sale: 44 Memory Lane, Arundel, ME 04046

2 full baths
$409,000
$409,000
44 Memory Lane, Arundel, ME 04046
2 full baths
$409,000
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Price:
$409,000
$10,000 - 11/20/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Duplex
Total Baths 2 full baths
Square Feet 1,760 sqft
Lot Size 7.83 acres
Year Built 1996
Taxes Paid $3,079
City Arundel
County York
MLS 1608923
Status Active
Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $100,000 in profit. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!

Room Features

Basement Description None, Not Applicable

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $3,079

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4

Price History of 44 Memory Lane, Arundel, ME

Date Name Price Difference
11/20/2024 Price Adjustment $409,000 2.39%
11/08/2024 Listing Price $419,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$330,000
$207 / sqft
Average
$413,500
$253 / sqft
High
$497,000
$298 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Arundel 04046 0 2.0 $409,000 1,760 $232 N/A
99 May Street Biddeford 04005 0 2.0 $497,000 1,667 $298 07/23/2024
5-7 Dartmouth Street Biddeford 04005 0 2.0 $330,000 1,596 $207 08/12/2024

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Map of 44 Memory Lane, Arundel, ME

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Photo of Sara McNeal, MBA
Direct: 617-413-1020
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Realty, Alan Thach & Anthony Thach 207-879-9800
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0.75281173594132%
6.75%
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44 Memory Lane (MLS #1608923) is a duplex multi-family listing located in Arundel, ME. This multi-family listing is 1,760 sqft and on a lot of 341,075 sqft (or 7.83 acres) and is 28 years old. This property was listed on 11/07/2024 and has been priced for sale at $409,000.

The multi-family listing at 5-7 Dartmouth Street in Biddeford is nearby and sold for $330,000 on 08/12/2024. Another nearby multi-family listing, 99 May Street in Biddeford sold for $497,000 on 07/23/2024.

Nearby zip codes are 04005, 04043, 04046 5529, 04064 and 04072. This property neighbors other cities such as Biddeford, Kennebunk, Kennebunk Port, Kennebunkport and Saco.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.