Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability. The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality. Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.
Courtesy of Keller Williams Realty 207-879-9800
Listing Snapshot
Days Online
74
Last Updated
Full Baths
7
Square Ft.
5,850
Lot Size
0.28 Acres
Year Built
1920
MLS Number
1646827
Additional Details
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 5,850, Construction Materials: "Brick", "Wood Frame", Number Of Units Total: 7, Year Built: 1920
Cooling
Cooling: "None"
Expenses
Operating Expense: $43,438
Floors
Flooring: "Wood", "Vinyl", "Tile"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.