Property Type:Multi-FamilyBaths:4Square Footage:3,900Lot Size (sq. ft.):10,890Status:Active Under Contract
Current Price:$1,195,000List Date:5/17/2026Last Modified:7/13/2026
Description
SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.
Status: Active Under ContractOriginal List Price: 1195000List Price: $1,195,000Current Price: $1,195,000
Property Information
Surveyed: UnknownSeasonal: NoNumber of Units: 4Total Baths: 4Total Full Baths: 4Year Built: 1950SqFt Finished Above Grade: 3900SqFt Finished Total: 3900SqFt Source: OtherOther Source of Square Footage: MLSGarage: NoLot Size Acres +/-: 0.25Source of Acreage: Public Records
Water Info
Water Frontage: NoWater View: No
Units
# of 2 BD Units: 4
Unit 1
Lease: YesLevel: FirstSecurity Deposit: YesMonthly Rent: 1975# Full Baths: 1# of Rooms: 5# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: YesDedicated Water Heater: YesElectric: YesHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 2
Lease: YesLevel: FirstSecurity Deposit: YesMonthly Rent: 1800# Full Baths: 1# of Rooms: 5# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: YesDedicated Water Heater: YesElectric: YesHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 3
Lease: YesLevel: SecondSecurity Deposit: YesMonthly Rent: 1800# Full Baths: 1# of Rooms: 5# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: YesDedicated Water Heater: YesElectric: YesHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 4
Lease: YesLevel: SecondSecurity Deposit: YesMonthly Rent: 1950# Full Baths: 1# of Rooms: 4# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: YesDedicated Water Heater: NoElectric: YesHeat: YesRange: YesRefrigerator: YesWater: Yes
Property Features
Site: Level; OpenLocation: Near Shopping; Near Turnpike/Interstate; NeighborhoodRoads: Paved; PublicStyle: ContemporaryConstruction: Wood FrameBasement: NoneBasement Entry: Not ApplicableExterior: Shingle SidingRoof: FlatHeat System: Hot WaterHeat Fuel: Gas NaturalWater Heater: ElectricCooling: Window Unit(s)Floors: Hardwood; Luxury Vinyl; VinylDriveway: PavedParking: 5 - 10 SpacesVehicle Storage: 4+ CarElectric: Circuit BreakersGas: Natural - On SiteSewer: Public SewerWater: Public