102 Manning DR Active Save Request In-Person Tour Request Virtual Tour
West Gardiner,ME 04345
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 5,461 sqft
Price per Sqft $182
Subdivision Road Maintenance
MLS Listing ID 1636230
Style Ranch
Full Baths 6
Half Baths 1
HOA Fees $62/ann
Year Built 1965
Annual Tax Amount $6,062
Tax Year 2024
Lot Size 11.810 Acres
Property Description
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 price. Also listed MLS 1642127
Location
State ME
County Kennebec
Zoning RC
Interior
Heating Hot Water,Baseboard
Cooling None
Equipment Internet Access Available,Generator
Laundry Laundry - 1st Floor,Main Level,Washer Hookup
Exterior
Parking Features 5 - 10 Spaces,Gravel,Common,On Site,Detached,Off Street
Garage Spaces 2.0
Utilities Available 1
View Y/N Yes
View Scenic
Roof Type Pitched,Shingle
Building
Lot Description Well Landscaped,Rolling/Sloping,Open,Level,Interior Lot,Near Golf Course,Near Turnpike/Interstate,Rural,Subdivided,Near Public Transit
Story 1
Foundation Concrete Perimeter,Slab
Sewer Septic Tank,Private Sewer
Water Well,Private
Structure Type Vinyl Siding,Wood Frame
Schools
School District Rsu 11/Msad 11
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1636230