Price Reduced 26.00%

$999,000

Est. Mortgage $0/mo *

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Price History

$1,350,000
9/2/2025

$1,250,000
10/9/2025

$999,000
10/22/2025

102 Manning Drive, West Gardiner, ME, 04345

102 Manning Drive, West Gardiner, ME, 04345
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6 Full / 1 Half baths

1965

Ranch

5,461 sqft

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

Status:

Active

Type:

Multi-family

Furnished Remarks:

Unfurnished

Laundry Remarks:

Laundry - 1st Floor, Main Level, Washer Hookup

Units:

6

Zoning:

RC

Frontage:

1366

Subdivision:

Road Maintenance

Garage:

2-car

Heating:

Hot Water, Baseboard

Cooling:

None

Energy Features:

Smart Electric Meter

Basement:

Not Applicable

Levels:

1

Parking:

5 - 10 Spaces, Gravel, Common, On Site, Detached, Off Street

Common Charge:

$750 Annually

Acreage:

11.81

Est. Taxes:

$6,062

HOA Fee

$750

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On, Pole

Lot Description:

Well Landscaped, Rolling/Sloping, Open, Level, Interior Lot, Near Golf Course, Near Turnpike/Interstate, Rural, Subdivided, Near Public Transit

View Description:

Scenic

Amenities:

1st Floor Bedroom, Bathtub, One-Floor Living, Shower

Waterfront:

Yes

Pet Allowed:

Yes

Appliances:

Tankless Water Heater

MLS #:

1636230

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Maine Real Estate Experts cindysdan@yahoo.com