Located just a short walk from historic downtown Gardiner, this well maintained three unit multi family property offers a fantastic investment opportunity with a strong rental history and quality long term tenants. Numerous updates and improvements have been completed over the years, including a newer heating system, updated windows, newer water heater, kitchen updates/remodels, and a newer roof. Whether you're looking to expand your portfolio or owner occupy while generating income, this property offers solid potential in a convenient location close to shops, restaurants, and local amenities. Schedule your private showing today!
Multi-familyProperty Type
1900Year Built
0.32 acresLot Size
$118Price/Sq.Ft.
Listed by Richard Fraser• Coldwell Banker Realty
Bought with Erika Grenier• The Maine Real Estate Experience
New to market just a short walk from historic downtown Gardiner! Beautiful three-unit multi with many updates and improvements. Lengthy history with quality tenants. Recent heating system, kitchen updates/remodel and new roof make this a great investment opportunity for anyone! Call for your private showing today!
Year
Property tax
Land + Additions
Assessment*
2025
$3,506 (+2.8%)
$22,900 + $110,400
$133,300
2024
$3,412 (+8.0%)
$22,900 + $110,400
$133,300
2023
$3,159 (+6.8%)
$22,900 + $110,400
$133,300
2022
$2,959 (+2.3%)
$22,900 + $110,400
$133,300
2021
$2,893
$22,900 + $110,400
$133,300
2020
$2,893
$22,900 + $110,400
$133,300
2019
$2,893 (+1.4%)
$22,900 + $110,400
$133,300
2018
$2,853 (−2.7%)
$22,900 + $110,400
$133,300
2017
$2,933 (+2.3%)
$22,900 + $110,400
$133,300
2016
$2,866 (−0.5%)
$22,900 + $110,400
$133,300
2015
$2,879 (+4.8%)
$22,900 + $110,400
$133,300
2014
$2,746
$22,900 + $110,400
$133,300
Public record
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.32 Acres
Year renovated
—
Sq. Ft.
2,683
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Kennebec County
APN
259317
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Parking Features: Paved, On Site, Off Street
Interior
Bathroom Information
# of Baths (Full): 3
Basement Information
Basement Entry: Interior Entry, Full, Unfinished
Interior Features
Flooring: Carpet, Vinyl
Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 2
# of 3 Bedroom Units: 1
Operating Expense: $10,088.76
Gross Income: $34,586
Unit 1 Information
# of Baths (Full): 1
# of Bedrooms: 1
# of Rooms: 3
Actual Rent: $950
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Baths (Full): 1
# of Bedrooms: 3
# of Rooms: 5
Actual Rent: $1,180
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Baths (Full): 1
# of Bedrooms: 1
# of Rooms: 3
Actual Rent: $853
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Wood Frame, Vinyl Siding
Foundation Details: Stone, Brick/Mortar
Roof: Composition, Fiberglass
Total Building Area (Sq. Ft.): 2,683
Property Information
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 2,683
Lot Information
Lot Size (Sq. Ft.): $13,939.20
Lot Size (Acres): 0.32
Lot Size Source: Public Records
Lot Features: Intown, Near Shopping, Neighborhood, Level
Zoning: 12
Financial
Tax Information
Annual Tax Amount: $3,506
Tax Year: 2025
Utilities
Utility Information
Has Heating
Heating: Baseboard, Hot Water
Electric: Circuit Breakers, Fuses
Sewer: Public Sewer
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System
Location
Location Information
Unparsed Address: 51 Spring Street, Gardiner, ME 04345
Directions: Sign on property, Shared driveway
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,683
Stories: 2.0
Lot Size: 0.32 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Kennebec County
APN: 259317
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Laura E Richards School
Public PreK-2 • Assigned • 1.1mi
Gardiner Regional Middle School
Public 6-8 • Assigned • 1.8mi
5/10
Gardiner Area High School
Public 9-12 • Assigned • 0.8mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 16 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Gardiner, ME • 04345
Average low and high temperatures (°F)
28
11
32
11
43
25
54
36
66
46
77
55
82
61
81
55
74
50
62
41
48
31
34
16
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$292,000 – $353,000
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