8 Emery Corner Road, Limerick, ME, 04048
About This Home
Positioned on the shores of beautiful Sokokis Lake in the heart of Limerick, this rare mixed-use opportunity offers the perfect blend of lifestyle, income, and future potential. Zoned business/residential, this versatile lakefront property features two fully occupied rental units along with an established on-site laundromat creating multiple streams of revenue in a highly visible, prime location. The property has seen extensive updates throughout, including newer windows and doors, updated electrical panels and wiring, and on-demand tankless hot water systems. The roof has been replaced in phases, with half completed approximately three years ago and the remaining portion several years prior offering peace of mind for years to come. Unit A (Upper Front) is a thoughtfully designed studio, completely renovated approximately four years ago with all-new finishes at the time. Unit B (Lower Rear) was recently refreshed (July-Sept 2025) and features new flooring throughout, updated plumbing, a new stove, fresh paint, and replacement windows. Both units include dimmable lighting, adding a modern touch and enhanced comfort. The laundromat provides steady income and includes a utility room housing independent systems for heat, hot water, and security. There is also flexibility to expand--whether growing the laundromat operation or increasing residential space-- with approximately 30% expansion potential available under current zoning. Set on deep water frontage, the property boasts a private dock, swim area, and small beach access point--perfect for enjoying Maine summers. Spectacular lake views enhance both tenant appeal and owner enjoyment. Conveniently located within walking distance to local amenities--including dining, coffee shops, and more. This property combines small-town charm with everyday accessibility. Whether you're an investor seeking strong income potential or an owner-occupant looking to live and work by the water, this unique property delivers on all fronts.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Masonry,Wood Frame,Clapboard
Type & Style
- Home type: MultiFamily
- Architectural style: Other,Ranch
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Laundry - Coin
Basement
- Has basement: Yes
- Basement: Exterior Entry,Walk-Out Access,Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- One-Floor Living
- Flooring: Carpet,Laminate,Vinyl
- Finished area below ground: 840
- Finished area above ground: 1,224
Heating & Cooling
- Heating features: Baseboard,Direct Vent Heater,Hot Water,Zoned
- Cooling features: None
Interior Area
- Total structure area: 2,064
- Total interior livable area: 2,064 sqft
Property
Details
- Zoning: Village
Features
- Has view: Yes
- View description: Scenic
- On waterfront: Yes
- Waterbody name: Sokokis Lake
- Frontage length: Waterfrontage: 220,Waterfrontage Owned: 220
Lot
- Lot size: 0.30 Acres
- Features: City Lot,Corner Lot,Level
Parking
- Parking features: Paved,21+ Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,160 | $37,920 |
| Home Insurance | $202 | $2,424 |
| Property Taxes | $463 | $5,556 |
| Electricity | $300 | $3,600 |
| Total | $4,125 | $49,500 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-25 | Listed for sale | $650,000 |
| 2008-07-21 | Listing removed | $275,000 |
| 2008-07-20 | Listed for sale | $275,000 |
For Sale by Agent
View on Zillow