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88 Main Road, Milford, ME 04461

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For Sale

$650,000

6 baths • 4,200 sqft

Estimated Payment

$ 3,617 /mo. †

6.65% APR for 30 yrs.
$3,341 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $154.76
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors.Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort.Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place.Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
MLS# 1612603

Courtesy Of Better Homes and Gardens-The Masiello Group
69A Island Street, Keene, NH 03431
(207) 942-6711

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Heat Pumps
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Baseboard, Heat Pump

Map and Directions

Directions to 88 Main Road, Milford, ME 04461

Home seller CENTURY 21 Queen City Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Queen City Real Estate

(207) 942-4618
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,338
  • Property Taxes
    $278
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,617

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

We don't have all the school attendance zone information for this listing. Contact a local CENTURY 21 office for more information.

Other Nearby Schools Distance Type Grades School Rating
Dr. Lewis S. Libby School 0.2 miles Public PK-8
Indian Island School 0.4 miles Public KG-8
Old Town High School 0.9 miles Public 9-12 D
Leonard Middle School 1.1 miles Public 6-8 D
Old Town Elementary School 1.7 miles Public KG-5 C-
Viola Rand School 1.9 miles Public PK-3
Asa C Adams School 4.5 miles Public PK-5 B+
Orono High School 4.6 miles Public 9-12 C+
Orono Middle School 4.7 miles Public 6-8 B

Dr. Lewis S. Libby School

Distance: 0.2 miles

Type Public

Grades: PK-8

Indian Island School

Distance: 0.4 miles

Type Public

Grades: KG-8

Old Town High School

Distance: 0.9 miles

Type Public

Grades: 9-12

D

Leonard Middle School

Distance: 1.1 miles

Type Public

Grades: 6-8

D

Old Town Elementary School

Distance: 1.7 miles

Type Public

Grades: KG-5

C-

Viola Rand School

Distance: 1.9 miles

Type Public

Grades: PK-3

Asa C Adams School

Distance: 4.5 miles

Type Public

Grades: PK-5

B+

Orono High School

Distance: 4.6 miles

Type Public

Grades: 9-12

C+

Orono Middle School

Distance: 4.7 miles

Type Public

Grades: 6-8

B

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Milford, ME 04461

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Milford, ME 04461

This community’s employment is highest in the construction and administrative support industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
4° January
Coldest Average Month
941 Total Households in Area
1.2% Increase in population since the year 2010
27.3%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Milford, ME 04461

Milford, ME 04461 has a population of 2,192 people in 941 households with a median age of 43.3 years old.

1.2%
Increase in population
since the year 2010
Population is Trending up
929
Total households as of 2010
2.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 43.3 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 90%
Native American 2%
Hispanic 1%
Asian <1%
Black <1%
Other <1%
The most prevalent ethnicity is White at 90%, followed by Native American at 2%, Hispanic at 1%, and Asian at 1%.

Economics
for Milford, ME 04461

66 /sq mi
Population Density
$55,826 /yr
Median Household Income
$260,000
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $15-24,999k representing 18.92% of the households.

Transportation to Work

  • Drive 87%
  • Walk or Bike 7%
  • Work from Home 5%
  • Public Transit 0%

Occupancy by Type

Owned 768 75%
Rented 172 17%
Vacant 90 9%

White vs Blue Collar Jobs







White Collar 58%
Blue Collar 42%

Family & Education Facts
for Milford, ME 04461

43.3 Median Age

Average Household Size

2.3
persons per
household

45.8%

Married Households

Community Population By Education

High School Graduate 48%
Some College 16%
Bachelors Degree 12%
Graduate Degree 9%
Some High School 9%
Associates Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 47.76% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
27.3% of households have children

Weather
for Milford, ME 04461

The weather for this area ranges from a high of 80° F in July to a low of 4° F in January

80° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
27°
Feb
6°
30°
Mar
18°
40°
Apr
30°
52°
May
40°
66°
Jun
50°
75°
Jul
56°
80°
Aug
54°
78°
Sep
45°
69°
Oct
35°
57°
Nov
27°
44°
Dec
12°
31°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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