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12 Elm St 37 Unit Apartment Building $14,641,574 CAD ($395,718 CAD/Unit) Freeport, ME 04032
Executive Summary
Steps from Downtown Freeport
Mix of one (1), two (2), and three (3) bedroom units
Recent updates include new windows (2004), newly paved and striped parking lot (2025), new roofs (all within the last 5-10 years), and new wheelchair-accessible ramps to ensure ADA compliance
Newly converted into Fair Market Rentals (was previously in the Rural Development Program)
Includes excess land for possible future development
Professionally managed and maintained property
Mix of one (1), two (2), and three (3) bedroom units
Recent updates include new windows (2004), newly paved and striped parking lot (2025), new roofs (all within the last 5-10 years), and new wheelchair-accessible ramps to ensure ADA compliance
Newly converted into Fair Market Rentals (was previously in the Rural Development Program)
Includes excess land for possible future development
Professionally managed and maintained property
Property Facts
| Price | $14,641,574 CAD | Building Class | C |
| Price Per Unit | $395,718 CAD | Lot Size | 4.16 AC |
| Sale Type | Investment | Building Size | 31,846 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Zoning | V1 - Village | ||
| Price | $14,641,574 CAD |
| Price Per Unit | $395,718 CAD |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 4.16 AC |
| Building Size | 31,846 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | V1 - Village |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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