4 Stimson Street, Kittery, ME 03904

$1,300,000

bedrooms

bathrooms

square feet

4,050

Acreage

0.25

Open Houses

year built

1890

Full Baths

Half Baths

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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

Location
Subdivision	-
County	York
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 5036006

Listing agent: Joe Leddy

Listing broker: Duston Leddy Real Estate (603) 661-8127

Last update: Saturday, April 12 2025 at 3:05 a.m. EDT

Kotohomes National