Waterfront Multi-Unit Property with
14 Lakeshore Drive Belgrade, ME 04917
For Sale
$789,000
MULTI_FAMILY - Other - Belgrade, ME
Property Size4,500 SF
Lot Size3.28 Acres
Price / SF$175.33
Days on Market15
Property Features for 14 Lakeshore Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Rooms
Bathroom 4, Basement, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 1
Parking features
Off Street, Offsite, Open
Interior features
In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower
Basement
Full, Sump Pump, Unfinished
Standard status
Active
Size
4,500 SF
Lot size
3.28 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
5832
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Forced Air, Baseboard, Natural Gas, Hot Water(Heating), Oil
Water source
Private, Well
Water front features
Waterfront
Water front
1
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Concrete, Tile, Vinyl, Wood, Laminate, Carpet
Building materials
Mobile, Wood Frame, Aluminum Siding, Wood Siding, Other Exterior
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Century 21 Nason Realty
(207) 873-2119
Listed By:
Kim Moxcey
(207) 242-2674
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 1657697
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.
The property at 14 Lakeshore Drive (and also listed with 1184 West Road) is configured as three separate residential living spaces plus additional income-producing housing. The three apartments are currently rented. There is also a storefront commercial space on the premises that is kept vacant by the sellers. An older, well-kept mobile home on the property is rented out as well.
Set on a large lot of 3.28 acres, the home includes shared frontage on Long Pond for water access. The public remarks describe the original site history tied to the former Belgrade Hotel, with the current home built by the owners’ family in 1973. The waterfront information is referenced from book 20, page 73 (Tobey’s Plan).
This layout can support multiple operating models, including an owner-occupant approach where one unit is used while the other residential spaces and the mobile home generate rental income. For commercial users or investors, the vacant storefront provides space that can be activated by a future tenant or operator, while the existing residential rentals remain in place. Please note that the square footage and water frontage figures cited in the remarks are provided as approximate.
Set on a large lot of 3.28 acres, the home includes shared frontage on Long Pond for water access. The public remarks describe the original site history tied to the former Belgrade Hotel, with the current home built by the owners’ family in 1973. The waterfront information is referenced from book 20, page 73 (Tobey’s Plan).
This layout can support multiple operating models, including an owner-occupant approach where one unit is used while the other residential spaces and the mobile home generate rental income. For commercial users or investors, the vacant storefront provides space that can be activated by a future tenant or operator, while the existing residential rentals remain in place. Please note that the square footage and water frontage figures cited in the remarks are provided as approximate.
Key Highlights
- Waterfrontage on Long Pond with shared front frontage and a short walk to the lakeshore.
- 1973‑built home with 3 separate rented living spaces (3 apartments) plus a storefront commercial space kept vacant.
- Includes an in‑law apartment and multiple bathrooms with 1st floor bedroom.
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 | $72.9k | $16.20 |
| − Vacancy | −$1.1k | −$0.25 |
| EGI | $71.8k | $15.95 |
| − OpEx | −$21.5k | −$4.79 |
| NOI | $50.3k | $11.17 |
4,500 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,254 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 5.56%
Theoretical Best
Warehouse
$6.71M
$5.87M – $7.83M
NOI $469,949 @ 7.0% cap · market cap 59.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Belgrade Lakes Village multi-unit property with shared Long Pond frontage, three rented apartments, and a vacant storefront space.
Where is this quadplex located?
The property is located at 14 Lakeshore Drive Belgrade, ME.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Waterfrontage on Long Pond with shared front frontage and a short walk to the lakeshore.; 1973‑built home with 3 separate rented living spaces (3 apartments) plus a storefront commercial space kept vacant.; Includes an in‑law apartment and multiple bathrooms with 1st floor bedroom.
