29 Lawrence Avenue

Fairfield, ME 04937
Baths
6
Square Ft.
4,473
$389,000
Excellent opportunity to own a well maintained 4-unit multifamily property in the heart of Fairfield. This property offers strong current income with additional upside through below-market rents, making it an attractive investment for both new and experienced investors. The building features approximately 4,500 square feet of living space with four spacious units, all of which have been updated and are currently occupied. Each unit offers a comfortable layout and generous living space, appealing to long term tenants. Major improvements have already been completed, including a new furnace installed in 2026, a seamless metal roof installed approximately 5 years ago, and most windows replaced within the last 2 years. The property also includes a large paved parking area with ample off street parking, a valuable feature for tenants. Conveniently located close to schools, downtown Fairfield, the highway, and a nearby park, the property provides an ideal location for tenants and contributes to consistent occupancy. Each unit pays their own electricity, while the owner currently covers heat and hot water. Whether you're expanding an existing portfolio or acquiring your first multifamily investment, this well maintained 4-unit in a prime Fairfield location is a solid opportunity.
Market LogoCourtesy of Coldwell Banker Realty 207-480-1050
Listing Snapshot
Days Online
49
Last Updated
Full Baths
6
Square Ft.
4,473
Lot Size
0.33 Acres
Year Built
1880
MLS Number
1653584
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Full"
Building
Architectural Style: "Other", "Victorian", Building Area Total: 4,473, Construction Materials: "Vinyl Siding", "Aluminum Siding", "Wood Frame", Number Of Units Total: 4, Year Built: 1880, 3 stories, 3 total stories
Cooling
Cooling: "None"
Accessibility Features
Accessibility Features: "32 - 36 Inch Doors"
Expenses
Operating Expense: $16,547
Exterior Features
Other Equipment: "DSL", "Cable", Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Fireplaces
Building includes fireplace, 1 total fireplace
Floors
Flooring: "Wood", "Vinyl", "Laminate", "Carpet"
Foundation
Foundation Details: "Stone", "Concrete Perimeter", "Brick/Mortar"
Heating
Heating: "Zoned", "Hot Water", "Forced Air", "Baseboard", Heating Included
Income
Gross Income: $52,800
Interior Features
Features: "Attic", "Bathtub", "Shower"
Lot
Features: "Level", "Intown", "Near Shopping", "Near Railroad", 0.33 acres, Area: 0.33, 14,375 square feet
Parking
Features: "5 - 10 Spaces", "Paved", "On Site", "Off Street"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Other Structures: "Shed(s)", Parcel Number: FAID-000018-000000-000143, Zoning: Residential
Roof
Roof: "Fiberglass", "Metal", "Pitched", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,010, Tax Lot: 1423
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04937
$229k
-4%
(avg) sold price
1
-85%
home sold
29
-50%
(avg) days on market
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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.