1 Bridge Street, Berwick, ME, 03901 | 3.14% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1 Bridge Street, Berwick, ME, 03901 | 3.14% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
1102 sft

7 Glengarry Drive #7, Stratham, NH, 03885

2 Bed
2 Bath
1258 sft

34 Floral Avenue #5, Dover, NH, 03820

2 Bed
1 Bath
760 sft

41 New Rochester Road, Dover, NH, 03820

2 Bed
2 Bath
1106 sft

20 South Blueberry Lane, Rochester, NH, 03867

Nearby investment properties with comparable prices

4 Bed
3 Bath
2392 sft

1139 Province Road, Strafford, NH, 03884

4 Bed
3 Bath
2432 sft

231 Long Hill Road, Dover, NH, 03820

4 Bed
3 Bath
2880 sft

91 Lovering Road, North Hampton, NH, 03862

4 Bed
4 Bath
3279 sft

98 Dudley Road, Brentwood, NH, 03833

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Total monthly income runs $2,419/mo, and a $4,527/mo payment. Purchase price stands at $925,000, and rental yield measures 3.14% with $2,419/mo rent. Return on cash invested shows 6.58% in year one, and 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 31.5% and total cumulative return in cash records $95,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,419/mo property income covering a $4,527/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

This 5-unit apartment complex offers historic charm with the benefit of major recent improvements, making it an attractive opportunity in the heart of Berwick. Positioned along 300 feet of frontage on the Salmon Falls River and just steps from Corner Point Brewing, the property sits in a walkable area near Berwick's expanding retail scene and the upcoming Edge development. The units retain original wood floors, moldings, and stairwells, while key updates have enhanced the building's overall condition and appeal. With ample parking, separate utilities, and strong long-term upside, this property is well-suited for investors or potential owner-occupants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03901, Berwick, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,371 (100%)
Owner Occupied HU	2,619 (77.7%)
Renter Occupied HU	629 (18.7%)
Vacant Housing Units	123 ( 3.6%)
Median Home Value	$424,463
Average Home Value	$452,684