$1,350,000
- 14 Beds
- 10 Baths
- 7,057 sqft (on 0.66 acres)
7 Mill Street, Springvale, ME 04083
Est. Mortgage $8,131/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1864
0.66 acre lot
$191/sqft
Local Information
-- mins to
Last check for updates: about 22 hours ago
Listing courtesy of Keller Williams Coastal and Lakes & Mountains Realty
Source: Maine Listings, MLS#1681112

Also Listed on Maine Listings.
About this House
What's unique:Showcase two-story waterfront loft
Rare multi-family portfolio opportunity in Springvale, Maine! Presenting a fully renovated five-unit residential complex (5plex) offered as a turnkey investment, package sale, and ideal 1031 exchange target in York County, Southern Maine. Encompassing over seven thousand square feet of newly redeveloped apartment building space with zero deferred maintenance and zero CapEx required, this rare multi family asset combines immediate cash flow and pro forma strength with massive cost segregation potential. Nearly Finalized condo conversion master documentation and individual unit floor plans establish a pre-mapped exit strategy, allowing an investor to operate the entire complex as a stabilized multi-family rental portfolio today or execute a bulk condo or piecemeal retail unit sell-off down the road. Driven by a tight Southern Maine rental market with historically low vacancy rates, this asset delivers an attractive pro forma cap rate over seven based on conservative average area rents. The property features five distinct floor plans that eliminate internal unit competition and protect aggregate portfolio occupancy. Layouts in this fully renovated multi-family include a sprawling single-level end residence with a private deck, a ground-floor suite with dual home office bonus rooms, a premier riverfront waterfront flagship suite, a sunlit upper residence with soaring vaulted ceilings, and a showcase two-story waterfront loft. Operational overhead will remain exceptionally low with brand-new mechanicals and separately metered utilities, as tenants are individually metered for electric and dedicated propane heat, leaving landlord coverage limited to public water and common grounds. Security System hardwired and cameras installed. Conveniently situated steps from Meeting Grounds Cafe, Number 3 Pond, and Springvale Park in Sanford, this turnkey Maine investment property represents a low-overhead, high-performing asset in a prime Southern Maine location.
Home Details for 7 Mill Street
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Interior Details Basement: Exterior Entry,Walk-Out Access,Full |
Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 10Number of Bathrooms (full): 10 |
Dimensions and Layout Living Area: 7057 Square Feet |
Heating & Cooling Heating: BaseboardNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Carpet, Vinyl |
Levels, Entrance, & Accessibility Stories: 3Number of Stories: 3Floors: Carpet, Vinyl |
View Has a ViewView: Trees/Woods |
Security Security: Fire System, Security System |
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Exterior Home Features Roof: ShinglePatio / Porch: Deck, PorchFoundation: Block, Poured ConcreteNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Gravel,11 - 20 Spaces,Assigned,Off Street |
Frontage WaterfrontRoad Surface Type: PavedOn Waterfront |
Water & Sewer Sewer: Public SewerWater Body: Mousam River |
Farm & Range Frontage Length: Waterfrontage: 276, Waterfrontage Owned: 276 |
Finished Area Finished Area (above surface): 7057 Square Feet |
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Days on Market: 8 |
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Year Built Year Built: 1864 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Colonial,Garden |
Building Construction Materials: Wood Frame, Vinyl Siding |
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Price List Price: $1,350,000Price Per Sqft: $191 |
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MLS Status: Active |
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Direction & Address City: Sanford |
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Listing Agent Listing ID: 1681112 |
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Building Area Building Area: 7057 Square Feet |
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Lot Area: 0.66 acres |
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BasementMls Number: 1681112Above Grade Unfinished Area: 7057 |
Around this home
What Locals Say about Springvale
At least 11 Trulia users voted on each feature.
94 % Say parking is easy
90 % Say kids play outside
89 % Say car is needed
87 % Say it's dog friendly
87 % Say yards are well-kept
85 % Say there are sidewalks
82 % Say it's walkable to restaurants
82 % Say there's holiday spirit
80 % Say people would walk alone at night
60 % Say neighbors are friendly
55 % Say they plan to stay for at least 5 years
54 % Say streets are well-lit
40 % Say it's quiet
38 % Say there's wildlife
36 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
Market trends in Springvale
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
—
Available listings
15
4MoM
Home Value
Trulia Estimate
$1.3MSince last month
Increased$549K (+72.9%)Since last year
Increased$606K (+87.3%)Since last sale
Increased$976K (+300.2%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +697% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $1.3M |
| August 2026 | $752K |
| July 2026 | $789K |
| June 2026 | $712K |
| May 2026 | $718K |
| April 2026 | $733K |
| March 2026 | $745K |
| February 2026 | $786K |
| January 2026 | $665K |
2025 | |
2024 | |
2023 | |
2022 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.40 | Multi-Family Home | $164,000 | 07/20/26 | 7 | 3 | 3,490 | |
0.21 | Multi-Family Home | $530,000 | 04/03/26 | 6 | 5 | 3,424 | |
0.47 | Multi-Family Home | $410,000 | 06/30/26 | 5 | 2 | 2,170 | |
0.30 | Multi-Family Home | $482,500 | 04/24/26 | 6 | 2 | 2,637 | |
1.62 | Multi-Family Home | $420,000 | 05/22/26 | 4 | 2 | 2,408 | |
1.77 | Multi-Family Home | $495,000 | 10/24/25 | 4 | 2 | 2,692 | |
1.87 | Multi-Family Home | $450,000 | 07/10/26 | 4 | 4 | 3,560 | |
1.94 | Multi-Family Home | $610,000 | 10/15/25 | 5 | 3 | 3,190 | |
2.02 | Multi-Family Home | $443,000 | 10/17/25 | 6 | 2 | 2,407 | |
1.97 | Multi-Family Home | $235,000 | 07/31/26 | 4 | 2 | 2,620 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $294,900 | 3 | 2 | 1,518 | For Sale | |
0.01 | $299,900 | 3 | 2 | 1,072 | For Sale | |
0.01 | $289,900 | 2 | 2 | 1,370 | For Sale | |
0.01 | $299,900 | 3 | 2 | 1,665 | For Sale | |
0.01 | $274,900 | 3 | 2 | 1,432 | For Sale | |
0.09 | $355,900 | 5 | 2.5 | 2,160 | Recently Sold | |
0.09 | $206,700 | 2 | 1 | 864 | Off Market | |
0.10 | $380,000 | 3 | 2 | 1,344 | Recently Sold | |
0.09 | $206,000 | 2 | 1 | 864 | Recently Sold | |
0.09 | $199,300 | 2 | 1 | 864 | Off Market | |
0.09 | $197,600 | 2 | 1 | 864 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 17, 2026 Source: Maine Listings #1681112 | Listed For Sale | $1,350,000 |
Apr 30, 2019 Source: Maine Listings #1353888 | Sold | $325,000 |
Dec 13, 2018 Source: Agent Provided | ListingRemoved | $325,000 |
Dec 13, 2018 Source: Agent Provided | Pending | $325,000 |
Dec 13, 2018 Source: Agent Provided | PendingToActive | $325,000 |
Nov 3, 2018 Source: Agent Provided | Pending | $325,000 |
Aug 29, 2018 Source: Agent Provided | PriceChange | $325,000 Price decreased by 7% |
Jun 4, 2018 Source: Agent Provided | Listed For Sale | $350,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Keller Williams Coastal and Lakes & Mountains Realty

Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443
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Frequently asked questions about 7 Mill Street
- What is the estimated monthly payment for 7 Mill Street?Based on a $1,350,000 list price with 20% down at today's rates, the estimated monthly payment for 7 Mill Street in Springvale, ME is approximately $8,600 (about $7,546 principal & interest, $979 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Springvale?Residents describe Springvale, ME as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in Springvale, ME.
- What are the closest schools to 7 Mill Street?The closest schools to 7 Mill Street in Springvale, ME are Carl J Lamb School (Pre-K/Elementary, rated 5/10), Sanford Middle School (Elementary, rated 4/10), Sanford Regional Technical Center (Elementary/Middle/High).
- What is 7 Mill Street estimated to be worth?Trulia's estimated value for 7 Mill Street in Springvale, ME is $1,300,800.
- Does 7 Mill Street have parking?Yes, 7 Mill Street in Springvale, ME has on-site parking.
- Is there a virtual tour of 7 Mill Street?Yes, a virtual tour of 7 Mill Street in Springvale, ME is available.
7 Mill Street, Springvale, ME 04083 is a 14 bedroom, 10 bathroom, 7,057 sqft multi-family built in 1864. This property is currently available for sale and was listed by Maine Listings on Sep 17, 2026. The MLS # for this home is MLS# 1681112.

