102 Manning Drive, West Gardiner, ME 04345

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
102 Manning Drive,West Gardiner, ME 04345
$999,000
Virtual Tour
  • - Beds
  • 7 Baths
  • 5,461 sq. ft.
  • Multi-family
  • Active
Listed by: cindy dancindysdan@yahoo.com
Office: maine real estate experts
MLS#:1636230
Source:ME_MREIS

Price summary

  • Price:$999,000
  • Price per sq. ft.:$182.93
  • Monthly HOA dues:$62.5

About this home

Whether you're expanding your portfolio or seeking a legacy property with waterfront appeal, this is a unique chance to own a multi-unit gem in a serene, natural setting—just minutes from I-295 and downtown Gardiner. Nestled at the end of a quiet, private road, this rare 6-unit ranch-style complex offers 1121 feet of stunning waterfront on Cobbosseecontee Stream and sits on 11.81± acres of beautifully landscaped, wooded land. Each single-level entry unit has been thoughtfully built over the past 50 years and 4 units have recently in the past year have been remodeled and includes its own new washer/dryer and new stainless steel appliances—ideal for long-term tenants and low-maintenance management. Enjoy consistent rental income with strong tenant history. The property includes a detached 2-car garage, ample parking, studio shed at waters edge and is part of a road association with low annual fees. This is a solid mid-range cap rate 7.55%, a decent return relative to the property's

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Home facts

  • Year built:1965
  • Listing ID #:1636230
  • Updated:November 15, 2025 at 06:42 PM

Rooms and interior

  • Total bathrooms:7
  • Full bathrooms:6
  • Half bathrooms:1
  • Living area:5,461 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1965
  • Building area:5,461 sq. ft.
  • Lot area:11.81 Acres

Utilities

  • Water:Private, Well
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$182.93
  • Tax amount:$6,062 (2024)
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