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1 Bridge St 5 Unit Apartment Building $925,000 ($185,000/Unit) Berwick, ME 03901
EXECUTIVE SUMMARY
This 5-unit apartment complex offers historic charm with the benefit of major recent improvements, making it an attractive opportunity in the heart of Berwick. Positioned along 300 feet of frontage on the Salmon Falls River and just steps from Corner Point Brewing, the property sits in a walkable area near Berwick's expanding retail scene and the upcoming Edge development. The units retain original wood floors, moldings, and stairwells, while key updates have enhanced the building's overall condition and appeal. With ample parking, separate utilities, and strong long-term upside, this property is well-suited for investors or potential owner-occupants. For more information, please contact the listing broker.
PROPERTY FACTS
| Price | $925,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $185,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 5 | Building Size | 7,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | CI | ||
| Price | $925,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,000 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | CI |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | BERW-000004U-000000-000010 | Improvements Assessment | $403,000 |
| Land Assessment | $113,900 | Total Assessment | $516,900 |
PROPERTY TAXES
Parcel Number
BERW-000004U-000000-000010
Land Assessment
$113,900
Improvements Assessment
$403,000
Total Assessment
$516,900
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1 Bridge St
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