| Up North Realty Maine

87 Wharf Road, Yarmouth, ME 04096

New Listing
$499,900
Property Type: Multi-Family Baths: 2 Square Footage: 1,788 Lot Size (sq. ft.): 80,150 Status: Active
Current Price: $499,900 List Date: 10/15/2025 Last Modified: 10/15/2025

Description

Investors Take Notice Diamond in the Rough — An unprecedented opportunity awaits at 87 Wharf Road on scenic Cousins Island. Priced $250k BELOW recent Assessed Value. Making its first return to the market since its original construction in 1960, this two-unit residence has been owned and cherished by the same family for more than six decades. With its versatile layout and expansive 1.84-acre lot, this property offers an exceptional foundation for renovation, investment, or multi-generational living. Originally designed as a single-family home, the main level features a custom, hand-crafted kitchen—complete with a dedicated bread-kneading counter overlooking the peaceful backyard. As the family expanded, the home evolved with it, adding a second garage bay and a private apartment to accommodate extended family—creating today's flexible duplex configuration. This property is being sold strictly ''as is'' and is ready for a comprehensive update. Yet, its enduring craftsmanship and thoughtful additions tell the story of a home built to last. A visionary buyer will appreciate the solid bones, generous lot size, and prime island location just minutes from Yarmouth Village and the Cousins Island Bridge. Recent capital improvements include: New roof and cedar shake siding (2010-2012) New well pump (2017) Updated water filtration system (2023-2024) Electrical system upgrade (2000) Whether you're seeking a duplex investment, a multi-family compound, or a single-home restoration project, 87 Wharf Road represents one of the most unique opportunities in Yarmouth's coastal market—where potential meets possibility.

Supplements: ********

More Information MLS# 1640904

Location Information

Book: 31804 Leased Land: No Page: 82 Map: 054 Lot: 023 Zoning Overlay: No Association: No Tree Growth Y/N: No Street #: 87 Street Name: Wharf Street Type: Road County: Cumberland Town: Yarmouth State/Province: ME Zip Code: 04096 Zip +4: 5330 Zoning: LDR Full Tax Amount $: 10525 Tax Year: 2024 Geo Lat: 43.754393 Geo Lon: -70.143815

Property Information

Surveyed: No Seasonal: No Owner Occupied: Yes Number of Units: 2 Deed/Conveyance Type Offered: Warranty Lot Size Acres +/-: 1.84 Total Baths: 2 Total Half Baths: 0 Road Frontage: Yes Road Frontage +/-: 200 Source of Road Frontage: Public Records SqFt Finished Above Grade: 1788 SqFt Finished Below Grade: 0 SqFt Source: Public Records Furniture: Unfurnished Garage: Yes Garage Spaces: 3 Total Full Baths: 2 Year Built: 1960 SqFt Finished Total: 1788 Source of Acreage: Public Records

Site

Open: 1 Rolling/Sloping: 1 Wooded: 1

Location

Rural: 1

Roads

Paved: 1 Public: 1

Transportation

Deep Water Access: 1

Water Info

Water Frontage: No Water View: Seasonal Water Body Name: Atlantic Ocean

Water Body Type

Ocean: 1

Recreational Water

Nearby: 1

Style

Other: 1 Raised Ranch: 1

Construction

Wood Frame: 1

Other Structures

Outbuilding: 1

Basement

Finished: 1 Walk-Out Access: 1

View

Scenic: 1 Trees/Woods: 1

Foundation Materials

Poured Concrete: 1

Exterior

Vinyl Siding: 1

Roof

Composition: 1 Fiberglass: 1 Shingle: 1

Heat System

Baseboard: 1 Hot Water: 1 Other Heat System: 1 Wood Stove: 1

Heat Fuel

Electric: 1 Oil: 1 Wood: 1

Income & Expenses

Gross Income: 18000 Operating Expenses: 0

Cooling

Wall Unit(s): 1

Floors

Laminate: 1 Other: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 1 # of 3 BD Units: 1

Parking

1 - 4 Spaces: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1 Generator Hookup: 1

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1 No Gas: 1

Sewer

Private Sewer: 1 Septic Tank: 1

Water

Private: 1 Well: 1

Driveway

Paved: 1

Basement Entry

Exterior Only: 1 Interior: 1

Water Heater

Oil: 1

Window Features

Double Pane Windows: 1

Amenities

In-Law Apartment: 1 Security System: 1

Vehicle Storage

3 Car: 1 Basement: 1 Direct Entry to Living: 1

Contract Information

Status: Active Original List Price: 499900 List Price: $499,900 Current Price: $499,900

Property Features

Site: Open; Rolling/Sloping; Wooded Location: Rural Roads: Paved; Public Transportation: Deep Water Access Water Body Type: Ocean Recreational Water: Nearby View: Scenic; Trees/Woods Style: Other; Raised Ranch Construction: Wood Frame Other Structures: Outbuilding Basement: Finished; Walk-Out Access Basement Entry: Exterior Only; Interior Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Composition; Fiberglass; Shingle Heat System: Baseboard; Hot Water; Other Heat System; Wood Stove Heat Fuel: Oil; Wood Water Heater: Oil Cooling: Wall Unit(s) Floors: Laminate; Other; Vinyl; Wood Window Features: Double Pane Windows Amenities: In-Law Apartment; Security System Driveway: Paved Parking: 1 - 4 Spaces Vehicle Storage: 3 Car; Direct Entry to Living Electric: Circuit Breakers; Generator Hookup Gas: Bottled; No Gas Sewer: Private Sewer; Septic Tank Water: Private; Well
Listing Office: Keller Williams Realty
Last Updated: October - 15 - 2025
87 Wharf Road, Yarmouth, ME 04096- MLS# 1640904
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