Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Victorian Multi-Unit Property in Pittsfield Title is generated by Realmo AI

    135 Cross Street, Pittsfield, ME 04967

    View on Map
    Claim this Listing
    For Sale
    $219,900

    MULTI_FAMILY - Victorian - Pittsfield, ME

    Property size:
    2,500 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $87/SF
    Added:
    May 5, 2026
    Days on Market:
    25
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 135 Cross Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Off Street
    Patio and Porch features
    Porch, Deck
    Interior features
    Storage
    Basement
    Dirt Floor, Sump Pump, Unfinished, Full
    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2831

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Heat Pump (Heating), Propane (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Vinyl
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Victorian
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Melissa Bartlett

    Listing agent Melissa Bartlett

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 1162 Union Street, Bedford, ME

    Listing date May 5, 2026

    MLS# 1652895 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.

    HighLights

    • Strong rental history indicating a reliable income stream.
    • Unbeatable in‑town location close to Manson Park, schools, and amenities.
    • Three separate units offering diverse rental options: a one‑bedroom, a two‑bedroom, and a split‑level two‑bedroom.
    • Each unit has outdoor space: a private deck or a three‑season porch.
    • Heat pumps provide efficient heating and cooling in at least one unit.
    • Attached barn provides ample storage space for tenants and owners.

    Overview

    This multi-unit residential property in Pittsfield, Maine, offers a strong rental history and an in-town location, situated minutes from Manson Park, the public swimming pool, local schools, MCI, and the ITS trail system. The second-floor unit features a one-bedroom layout equipped with a heat pump. The first floor houses a two-bedroom, one-bath apartment with washer and dryer hookups, a three-season porch, and a private deck. The third unit is a split-level two-bedroom, one-and-a-half-bath apartment that includes washer and dryer hookups and a back deck. An attached barn provides storage space. The property is located on a lot of 0.2 acres and the property size is 2500 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Somerset
    State
    Maine
    Longitude
    -69.382133
    Latitude
    44.778877

    Nearby Similar for Sale

    • $224,900
      3,520 SF

      Versatile Commercial Property in Pittsfield

      Well-maintained commercial property with high visibility and traffic.
      235 Hunnewell Avenue, Pittsfield, ME 04967
      View Details
    • $159,900
      1,944 SF

      Commercial Building in Pittsfield, ME

      Turnkey welding operation with versatile commercial/residential zoning.
      418 Hunnewell Avenue, Pittsfield, ME 04967
      View Details
    • $280,000
      2,224 SF

      Renovated Duplex with Income Potential

      Recently renovated duplex in Pittsfield, ME, great income opportunity.
      296 N Main Street, Pittsfield, ME 04967
      View Details
    • $164,900
      1,944 SF

      Turnkey Commercial Building in Pittsfield

      Commercial building with versatile zoning and potential for various businesses.
      418 Hunnewell Avenue, Pittsfield, ME 04967
      View Details
    • $6,400,000
      99,716 SF

      Three-Building Industrial Investment Opportunity

      Single-tenant, net-leased industrial investment in Pittsfield, Maine.
      202 Industrial Pk St, Pittsfield, ME 04967
      View Details
    • $350,000
      8,484 SF

      Former Retail Building on Main

      8,484 SF retail building in historic downtown Pittsfield, ME.
      131 Main St, Pittsfield, ME
      View Details

    FAQs

    What type of property is this?
    Triplex - Multi-unit property with strong rental history in a convenient location.
    Where is this triplex located?
    The property is located at 135 Cross Street Pittsfield, ME.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: Strong rental history indicating a reliable income stream.; Unbeatable in‑town location close to Manson Park, schools, and amenities.; Three separate units offering diverse rental options: a one‑bedroom, a two‑bedroom, and a split‑level two‑bedroom.
    (207) 487-1704
    We can help!
    Listing Contact
    Melissa Bartlett
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    135 Cross Street, Pittsfield, ME 04967
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!