Waterfront Multifamily
13 & 16 Joyal Hill Lane Casco, ME 04015
New
13 & 16 Joyal Hill Lane, Casco, ME, 04015
$825,000
For Sale
$825,000
MULTI_FAMILY - Modern - Casco, ME
Property Size2,304 SF
Lot Size7.50 Acres
Price / SF$358.07
Days on Market5
Property Features for 13 & 16 Joyal Hill Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Limited Residential
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- In-Law Apartment, 1st Floor Bedroom, Bathtub
- Basement
- Full, Walk-Out Access, Daylight, Finished
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 7.50 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5348
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Electric (Heating), Baseboard, Natural Gas
- Cooling system
- Wall Unit(s)
- Water source
- Private, Well
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 2004
- Number of units
- 3
- Flooring type
- Laminate, Wood
- Building materials
- Log, Wood Frame, Log Siding
- Roof type
- Metal
- Architectural style
- Modern
Listing Agency
Ocean Gate Realty, LLC.
(207) 773-1919
158 Danforth St., Portland, ME
Listed by
Kathleen Phillips LaBombard
(207) 329-7542
Added: Jul 14 Checked: Jul 18 at 2:06 pm
MLS# 1671303
Listing URL
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.
Set on 7.5 acres of private land, this waterfront compound offers two structures suitable for year-round living, a personal retreat, or income producing use. The main chalet-style, log-sided home features three bedrooms and 1.5 bathrooms, a spacious wrap-around porch, a living room with vaulted beamed ceiling, wide pine flooring, a generous kitchen, and a full bath with a jetted tub. The lake level includes three bedrooms, a half bath with stackable laundry, additional storage, and walkout access to a patio overlooking the pond. Propane Rinnai heating is installed.
A separate, free-standing chalet contains two additional living units, each with two bedrooms and one bathroom, along with its own kitchen and living room. The property has 2 long term tenants in place. Access is at the end of a dead-end lane, and the waterfront is approximately 850 feet of owned waterfront in The Heath, which connects to Thompson Lake, with a private dock reached via a gentle sloping trail of about 75 footsteps.
The grounds include mature apple trees, blueberries, blackberry, and raspberry bushes, plus a classic campfire pit. Two included buildable lots are already perc tested. Zoning is Limited Residential.
A separate, free-standing chalet contains two additional living units, each with two bedrooms and one bathroom, along with its own kitchen and living room. The property has 2 long term tenants in place. Access is at the end of a dead-end lane, and the waterfront is approximately 850 feet of owned waterfront in The Heath, which connects to Thompson Lake, with a private dock reached via a gentle sloping trail of about 75 footsteps.
The grounds include mature apple trees, blueberries, blackberry, and raspberry bushes, plus a classic campfire pit. Two included buildable lots are already perc tested. Zoning is Limited Residential.
Key Highlights
- 7.5 acres at the end of a dead‑end lane with 850' of owned waterfront in “The Heath,” connecting to Thompson Lake
- Main home: 3‑bedroom, 1.5‑bath chalet‑style log‑sided house with vaulted beamed ceiling and wide pine flooring
- Separate free‑standing chalet with two additional units, each 2 bedrooms and 1 bathroom with its own kitchen and living room
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 | $62.2k | $27.00 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $58.2k | $25.25 |
| − OpEx | −$17.4k | −$7.57 |
| NOI | $40.7k | $17.67 |
2,304 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.6K
$508.9K – $678.6K
NOI $40,715 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$541.1K
$473.5K – $631.3K
NOI $37,879 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$633.3K
$554.1K – $738.8K
NOI $44,328 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Private waterfront compound with a main chalet-style home and a separate chalet containing two additional residential units.
Where is this triplex located?
The property is located at 13 & 16 Joyal Hill Lane Casco, ME.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 7.5 acres at the end of a dead‑end lane with 850' of owned waterfront in “The Heath,” connecting to Thompson Lake; Main home: 3‑bedroom, 1.5‑bath chalet‑style log‑sided house with vaulted beamed ceiling and wide pine flooring; Separate free‑standing chalet with two additional units, each 2 bedrooms and 1 bathroom with its own kitchen and living room
