116 Rogers Road Kittery, ME 03904
MULTI_FAMILY - Ranch - Kittery, ME
Property Features for 116 Rogers Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R-U
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Basement
- Parking features
- Open, Underground/Basement
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- 1st Floor Bedroom, One-Floor Living, Shower
- Fencing
- Fenced
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- Size
- 4,159 SF
- Lot size
- 1.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8558
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Radiant, Baseboard, Heat Pump (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1996
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Hardwood
- Building materials
- Wood Frame, Vertical Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Cornelius Hobbs III (603) 610-8500
Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME (603) 610-8500
Listing date Jul 5, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Situated in Kittery, the property is described as about one mile from the ocean and near the Portsmouth Naval Shipyard. The lot measures 1.08 acres, and the two residences are positioned so the second home sits privately behind the main home. Zoning is listed as R-U.
For buyers and operators, the key value is flexibility: the site supports a multi-generational setup or two separate living units within the same ownership. With multiple HVAC and heat sources already in place, plus recent exterior and mechanical improvements noted for each home, the property is structured for practical, diversified residential use under the existing site plan.
Key Highlights
- Two homes on one lot: 116 Rogers Road (1996) and 118 Rogers Road (2016)
- 116 Rogers Road: 2‑bedroom, 2‑bath with finished basement and attached 1‑car garage
- 116 Rogers Road roof replaced in 2021; multiple heating sources including heat pump with mini‑splits installed in 2022
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $25.44 |
| − Vacancy | −$5.2k | −$1.26 |
| EGI | $100.6k | $24.18 |
| − OpEx | −$30.2k | −$7.25 |
| NOI | $70.4k | $16.93 |
