OFF MARKET

Off Market May 2021 for $1.4M

—

•

7,900

sq ft

138 Varney Mill Rd, Windham, ME 04062

About this home

Rare fully occupied 8 unit in a great Windham location with excellent cash flow. There are (3) three-bedroom units and (5) two-bedroom units. The property sits on 2.72 acres in pleasant residential neighborhood with plenty of yard space and parking spaces. Onsite coin operated laundry facility, separately metered electric which tenants pay beyond their rent, two shared furnaces installed in 2011 and 2015 (included in the rental rates), new roof in 2016, public water and large private septic system. This is selling at an 8.9% cap rate, call for more information! Showings to be scheduled during 3 blocks of time, Sunday 4/18 1-3pm, Monday 4/19 3-5pm or Tuesday 4/20 11am-1pm.

Multi-familyProperty Type

2000Year Built

2.72 acresLot Size

$180Price/Sq.Ft.

11 spacesParking

Listed by Mark Small • Landmark Realty

Bought with Nicholas Siviski • Harborview Properties, Inc.

Redfin checked: 2 minutes ago

•Source:MREIS #1488003

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 04062, ME

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.2%

+0.5% MoM

Median sale price

$515K

$5K MoM

Avg. days on market

29d

3 days MoM

Recently sold homes

23 MoM

New listings for sale

OPEN SAT, 1PM TO 3PM
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OPEN SUN, 12PM TO 1:30PM
$624,900
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23 Tate Ln, Windham, ME 04062
OPEN SAT, 11AM TO 1PM
$335,000
2 beds2 baths991 sq ft
10 Stillwater Dr #2129, Windham, ME 04062
FOR SALE BY OWNER
$350,000
3 beds1 bath920 sq ft
3 Pine Dr, Windham, ME 04062
$799,000
3 beds2.5 baths3,401 sq ft
29 Willow Dr, Windham, ME 04062
OPEN SUN, 11AM TO 1PM
$649,500
4 beds2.5 baths2,155 sq ft
16 Pheasant Ridge Dr, Windham, ME 04062
$495,000
1 bed1 bath544 sq ft
12 Getaway Rd, Windham, ME 04062
$649,900
4 beds2.5 baths2,772 sq ft
27 Motorcycle Dr, Windham, ME 04062
OPEN SAT, 11AM TO 12:30PM
$599,000
3 beds2 baths1,344 sq ft
14 Scout Ln, Windham, ME 04062
$975,000
3 beds3 baths2,458 sq ft
15 Alpine Dr, Windham, ME 04062
See all

Provided by Redfin

Sale history for 138 Varney Mill Rd

Date

Event

Price

RENT. #1

Jul 5, 2022

Price Changed

$1,800

$0/sq ft

MREIS #1488003

May 7, 2021

Sold

$1,425,000

$180/sq ft

Apr 16, 2021

Listed

$1,349,900

$171/sq ft

MREIS #1295489

Jun 9, 2017

Sold

$750,000

$95/sq ft

Feb 17, 2017

Listed

$850,000

$108/sq ft

+23

Investors take note! Cash flowing property. 8 Units with three-3 bedroom and five-2 bedroom ranch style, single floor units. Excellent condition throughout. Modern layout built for current use. Separate electric, two shared furnaces installed in 2011 ans 2013 with Superstore tanks. Shared laundry facility with coin-op machines. Public water and modern septic system designed for the use. Presently rents are below market as owner is a not-for-profit. Call for additional details.

MREIS #1275889

Nov 16, 2016

Price Changed

$950,000

$120/sq ft

Jul 27, 2016

Listed

$995,000

$126/sq ft

Tax history for 138 Varney Mill Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2.72 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Cumberland County

APN

145004

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 24, 2025.

Property details

Parking

Parking Information
Parking Features: 11 - 20 Spaces, Paved, Common

Interior

Bathroom Information
# of Baths (Full): 8

Interior Features
Interior Features: 1st Floor Bedroom, One-Floor Living
Flooring: Vinyl, Carpet

Laundry Information
Laundry Features: Coin Laundry

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Concrete Perimeter, Slab
Roof: Shingle
Total Stories: 1
Total Building Area (Sq. Ft.): 7,900

Property Information
Security Features: Sprinkler
Year Built: 2000
Above-Grade Finished Area (Sq. Ft.): 7,900

Lot Information
Lot Size (Sq. Ft.): $118,483.20
Lot Size (Acres): 2.72
Lot Size Source: Public Records
Lot Features: Open, Level, Near Shopping, Near Town, Neighborhood
Road Surface Type: Paved
Zoning: Res

Financial

Tax Information
Annual Tax Amount: $11,727
Tax Year: 2020

Utilities

Utility Information
Has Heating
Heating: Zoned, Hot Water, Forced Air, Baseboard
Electric: Circuit Breakers
Sewer: Septic Tank, Private Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System

Location

Multi-Unit Information
# of Units Total: 8
# of 2 Bedroom Units: 5
# of 3 Bedroom Units: 3
Operating Expense: $41,199
Gross Income: $161,340

Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,800
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 3
Actual Rent: $1,800
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7 Information
# of Bedrooms: 2
Actual Rent: $1,600
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8 Information
# of Bedrooms: 3
Actual Rent: $1,800
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

HOA Information
Pets Allowed: No Restrictions

Location Information
Unparsed Address: 138 Varney Mill Road, Windham, ME 04062
Directions: From Rt 302/115 rotary, take Rt 302 towards North Windham. Turn right on Varney Mill Road, follow about 1 mile and #138 will be on the left.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2.72 acres
Style: Other
Year Built: —
Year Renovated: —
County: Cumberland County
APN: 145004

Home facts updated by county records on Nov 24, 2025

Around this home

Schools

Manchester School

Public 4-5 • Assigned • 0.9mi

7/10

Windham Middle School

Public 6-8 • Assigned • 2.7mi

4/10

Windham High School

Public 9-12 • Assigned • 2.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 92° expected this year, 16 days in 30 years

6/10 Wind Factor

27% 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

Windham, ME • 04062

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

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Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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New listings for sale in 04062

OPEN SAT, 1PM TO 3PM

$829,000

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98 Vista Dr, Windham, ME 04062

OPEN SUN, 12PM TO 1:30PM

$624,900

3 beds2 baths2,400 sq ft

23 Tate Ln, Windham, ME 04062

OPEN SAT, 11AM TO 1PM

$335,000

2 beds2 baths991 sq ft

10 Stillwater Dr #2129, Windham, ME 04062

FOR SALE BY OWNER

$350,000

3 beds1 bath920 sq ft

3 Pine Dr, Windham, ME 04062

$799,000

3 beds2.5 baths3,401 sq ft

29 Willow Dr, Windham, ME 04062

OPEN SUN, 11AM TO 1PM

$649,500

4 beds2.5 baths2,155 sq ft

16 Pheasant Ridge Dr, Windham, ME 04062

$495,000

1 bed1 bath544 sq ft

12 Getaway Rd, Windham, ME 04062

$649,900

4 beds2.5 baths2,772 sq ft

27 Motorcycle Dr, Windham, ME 04062

OPEN SAT, 11AM TO 12:30PM

$599,000

3 beds2 baths1,344 sq ft

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Home values near 138 Varney Mill Rd

Data from public records.

Address	Redfin Estimate
123 Varney Mill Road, Windham, ME 3 Beds \| 1.5 Baths \| 960 Sq. Ft.	$418,184
131 Varney Mill Road, Windham, ME 3 Beds \| 1 Baths \| 960 Sq. Ft.	$390,410

Address	Redfin Estimate
134 Varney Mill Road, Windham, ME 3 Beds \| 2 Baths \| 2149 Sq. Ft.	$439,861
122 Varney Mill Road, Windham, ME 2 Beds \| 2 Baths \| 1344 Sq. Ft.	$403,493

Address	Redfin Estimate
148 Varney Mill Road, Windham, ME 2 Beds \| 1.5 Baths \| 1064 Sq. Ft.	$430,887
127 Varney Mill Road, Windham, ME 3 Beds \| 2 Baths \| 1694 Sq. Ft.	$360,708

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in 04062, ME

Sale history for 138 Varney Mill Rd

Tax history for 138 Varney Mill Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 04062

Home values near 138 Varney Mill Rd

More real estate resources