14 Charles ST, Berwick, ME 03901
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14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
14 Charles ST, Berwick, ME 03901
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Listed by Debbie Kershaw SRE Brokers
$ 750,000
Est. payment /mo
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Pending

14 Charles ST Berwick, ME 03901

4 Baths

2,638 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,638 sqft

Price per Sqft $284

MLS Listing ID 1655901

Full Baths 4

HOA Y/N No

Year Built 1920

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Source Maine Listings

Land Area 2638

Property Description

Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable.

Residents benefit from convenient access to the public library, local shops, cafés, and the growing mix of businesses and services within Berwick's downtown redevelopment district. As the corridor continues to evolve, demand for quality rental housing in this location remains strong. Whether you're seeking a reliable 1031 exchange option, a well-positioned addition to your portfolio, or a long-term hold in a market experiencing thoughtful revitalization, this property delivers a compelling blend of updated condition, location and income performance. Actual Gross Income $68,160. Projected Gross with Unit 3- $86,760 Gross. Expenses are $13,624 (Water/Sewer, Taxes, Insurance, Trash)

Location

State ME

County York

Zoning R1

Direction At Berwick Town Hall, either right or left onto Rochester St. Then right or left onto Bridge.

Rooms

Other Rooms Shed(s)

Basement Exterior Entry, Walk-Out Access, Unfinished

Interior

Heating Electric, Oil, Baseboard, Heat Pump, Hot Water

Cooling None

Flooring Laminate, Wood

Furnishings Unfurnished

Window Features Double Pane Windows

Exterior

Parking Features Paved, 5 - 10 Spaces

Roof Type Composition,Metal

Porch Deck, Porch

Garage No

Building

Lot Description Intown, Near Town, Level

Story 3

Entry Level Multi-Level

Foundation Block, Stone, Brick/Mortar

Water Public

Architectural Style New Englander

Level or Stories 3

Others

Tax ID BERW-000005U-000000-000009


Maine MLS (MREIS) IDX

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14 Charles ST