18 Preble Street, Bingham, ME, 04920
About This Home
Seller financing available. Looking for a ready-to-rent 2-unit property in Bingham? 18 Preble Street offers a solid opportunity for investors or owner-occupants looking to generate income. Each unit features 2 bedrooms and 1 full bathroom, along with a comfortable living room, in-unit laundry area, and hot water baseboard heat for efficient year-round living. Both apartments include private decks, providing outdoor space for tenants to relax and enjoy. The property also features a large unfinished attached barn, offering excellent potential for additional rental income, storage, workshop space, or possible future expansion. With two income-producing units already configured, this property provides flexibility for long-term rentals, multi-generational living, or owner-occupancy with rental income. Conveniently located in Bingham's small-town setting with access to nearby outdoor recreation, including the Kennebec River and ATV/snowmobile trails, it's an attractive option for tenants who enjoy Maine's outdoor lifestyle.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Poured Concrete
- Roof: Metal
- Construction materials: Wood Frame,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Bathtub,Shower,Storage
- Flooring: Carpet,Vinyl,Wood
- Finished area below ground: 0
- Finished area above ground: 2,442
Heating & Cooling
- Heating features: Baseboard,Hot Water
- Cooling features: None
Interior Area
- Total structure area: 2,442
- Total interior livable area: 2,442 sqft
Property
Details
- Parcel number: 2503000110
- Zoning: N/A
Features
- Patio & porch: Deck,Porch
Lot
- Lot size: 0.26 Acres
- Features: City Lot,Near Town,Open Lot
Parking
- Total spaces: 1
- Parking features: Paved,5 - 10 Spaces
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Cold Wave
- Lightning
- Winter Weather
- Hurricane
- Inland Flooding
- Ice Storm
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 | $1,010 | $12,120 |
| Home Insurance | $105 | $1,260 |
| Property Taxes | $164 | $1,968 |
| Electricity | $354 | $4,259 |
| Total | $1,633 | $19,596 |
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 |
|---|---|---|
| 2026-05-14 | Price change | $199,900 |
| 2026-03-06 | Listed for sale | $226,000 |
For Sale by Agent
View on Zillow