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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.
Property Type(s):
Multi Family
| Last Updated | 4/11/2025 | Year Built | 1890 |
|---|---|---|---|
| Garage Spaces | 2.0 | County | York |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Partial, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 0.25 acre(s) |
| MLS STATUS | Active |
| PARKING | Paved, Common, On Site |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Townhouse |
| TAXES | 9363 |
| WATER | Public |
| ZONING | res |
Listing provided by Duston Leddy Real Estate
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2025 Onboard Informatics. Information deemed reliable but not guaranteed.
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IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2025.
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