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$1,195,000
40 Days On Site

15 South Street
Freeport, ME 04032

For Sale|Residential Income|Active
0
Beds
4
Total Baths
4
Full Baths
3,900
SqFt
$306
/SqFt
1950
Built
County:
Cumberland
Days online/new listing status provided by Showcase IDX.
Listing courtesy of of RE/MAX Shoreline
Call Now: 207-239-2220
Is this the listing for you? We can help make it yours.
207-239-2220
15 South Street15 South Street15 South Street15 South Street
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Monthly Payment (Est.)

$5,452
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.

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Listing Snapshot
Price 
$1,195,000
Days On Site 
40 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,900 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
1950
MLS® Number 
1661934
Status 
Active
Property Tax 
$9,264
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status provided by Showcase IDX.
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
Price history, status history, and update history provided by Showcase IDX.
General Features
Acres 
0.25
Land Lease 
No
Parking 
Paved
Sewer 
Public Sewer
SqFt Above 
3900
SqFt Total 
3900
Style 
Contemporary
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
Multifamily
Interior Features
Basement 
None
Cooling 
Window Unit(s)
Electric 
Circuit Breakers
Flooring 
VinylHardwood
Heating 
Hot Water
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Exterior Features
Construction Details 
Shingle SidingFrame
Lot Features 
LevelOpen Lot
Roof 
Flat
Community Features
Roads 
Paved
Listing courtesy of of RE/MAX Shoreline Bought with of



Listing data is derived in whole or in part from the Maine IDX and 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.
Last checked 2026-06-26 06:19 PM UTC

Neighborhood & Commute
Source: Walkscore
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