7 Garfield Street, Saco, ME 04072
York County
Key Facts
Description
This is the kind of property for both today's income and tomorrow's potential... and those are getting harder to find. Beyond the existing income, the real upside is in the zoning. The property allows for up to 6 total units, and prior engineering and planning board approval in 2022 supports additional development potential. Buyer to verify current status with the town, approval expired 2/18/24. Set on a .75 acre lot in a convenient Saco location, this two unit property delivers immediate cash flow, flexibility, and future upside. Unit 1 spans 1,800 sqft with a 3 to 4 bedroom layout and 2 full baths, currently occupied by a long term tenant paying 2,200 per month. The layout includes first floor living with additional space upstairs, creating a setup that is both functional and highly livable. Unit 2 is 600 sqft and has been fully renovated within the past year with a new kitchen, bathroom, flooring, and in unit washer and dryer. Previously rented at 1,450 per month, it is now vacant and ready for immediate occupancy or rental. The property also includes a full basement for major systems, a paved driveway, and ample parking. Located just minutes from downtown Saco, local restaurants, shopping, and the Maine coastline including Ferry Beach and Camp Ellis, with easy access to Route 1 and I 95 for commuting to Portland and surrounding areas. A property that works on multiple levels, from immediate income to long term development potential in a market where demand continues to grow.
Property Information
Property Type
Residential Income
Structure Type
Duplex
Year Built
1925
Stories
2
Living Area
2,314 sq ft
Lot Size
0.75 acres
Zoning
R-2
MLS® Listing#
1660328
Property Features
- Cooling:
- None
- Heating:
- Baseboard, Hot Water, Zoned
- Flooring:
- Carpet, Vinyl, Wood
- Basement:
- Interior Entry
- Patio:
- Deck, Porch
- Lot Features:
- Near Golf Course
- Construction:
- Vinyl Siding, Wood Siding
- Roof:
- Shingle
- Other Structures:
- Shed(s)
- Utilities:
- Propane
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- HOA:
- None
- Annual Tax:
- $5,552 (2026)
Affordability Calculator
$139,800
Estimated monthly payment
$3,720/mo
Principal $559,200 · Est. interest $780,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Saco, ME
- $583,333
- Median Listing Price
- 74
- Median Days on Market
- 1,792
- Median Sq Ft
- $334
- Median Price / Sq Ft
- 85
- Active Listings
- This home’s price is 20% above the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Saco, ME.
Location
- 7 Garfield Street, Saco, ME 04072
Nearby Schools
Young School
Elementary · 0.5 mi away
Saco Middle School
Secondary · 1.1 mi away
City of Saco School Dept
Secondary · 1.1 mi away
Thornton Academy
School · 1.1 mi away
Biddeford Regional Ctr of Tech
School · 1.1 mi away
Little Folk Nursery School
School · 1.1 mi away
Spurwink School Nursery PRGRM
School · 1.2 mi away
Biddeford Adult Education
School · 1.2 mi away
Aramark Biddeford School
School · 1.2 mi away
Biddeford School Department
School · 1.2 mi away
Biddeford High School
Secondary · 1.2 mi away
C K Burns School
Elementary · 1.3 mi away
Florence M. Lombard Christian School
Elementary · 1.4 mi away
Governor John Fairfield School
Elementary · 1.4 mi away
St James School
School · 1.4 mi away
John F Kennedy Memorial
Elementary · 2.2 mi away
Saco Pre-K
School · 2.4 mi away
Biddeford Primary School
Elementary · 2.5 mi away
Biddeford Middle School
Secondary · 2.6 mi away
Biddeford Intermediate School
Elementary · 2.6 mi away
