Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Hillcrest Avenue Caribou, ME 04736

    View on Map
    For Sale
    $79,900

    MULTI_FAMILY - Caribou, ME

    Property size:
    1,170 SF
    Lot size:
    0.29 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 3 at 11:06 pm

    Property Features for 15 Hillcrest Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Patio and Porch features
    Porch
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    1,170 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1762

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet, Laminate
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Frederick Dobbs

    Listing agent Frederick Dobbs

    Listing office Dobbs Realty 92 Bennett Drive, Caribou, ME

    Listing date Mar 4, 2026

    MLS# 1650405 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.

    Overview

    Caribou Multifamily Residential Income Property

    This multifamily property in Caribou, Maine, features two residential units. Each unit contains two bedrooms. The property is situated on a lot of 0.29 acres. The total building size is 1170 square feet. The zoning is residential, suggesting permitted use for multifamily dwellings. The property can be owner-occupied with the option to rent the other unit to offset mortgage costs, or it can be utilized to generate income from both units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Caribou
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0015007
    Latitude
    46.8651656

    Nearby Similar for Sale

    • $269,000
      3,200 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property with office space and residential apartment.
      562 Main Street, Caribou, ME 04736
      View Details
    • $325,000
      9,000 SF

      Caribou Commercial Building For Sale

      9000 sq ft commercial building on 1.38 acres.
      420 Main Street, Caribou, ME 04736
      View Details
    • $399,900
      1,728 SF

      Pristine Three-Unit Apartment Building

      Move-in ready three-unit apartment building near Loring Commerce Centre.
      116 W Gate Road, Caribou, ME 04736
      View Details
    • $269,000
      3,200 SF

      Main Street Mixed-Use Property

      Mixed-use property with office space and residential apartment.
      562 Main Street, Caribou, ME 04736
      View Details
    • $360,000

      Versatile Commercial Property Near Caribou

      Unique commercial property offering functionality, flexibility, and prime location.
      559 Sweden Street, Caribou, ME 04736
      View Details
    • $119,500
      3,321 SF

      Caribou Commercial Barn on 1.26 Acres

      Barn on 1.26 acres with business potential and trail access.
      311 E Presque Isle Road, Caribou, ME 04736
      View Details
    • $229,500
      1,320 SF

      Caribou Office Building For Sale

      Well-maintained office building with multiple offices and conference room.
      2 Armco Avenue, Caribou, ME 04736
      View Details
    • $139,900
      1,100 SF

      Four-Unit Multifamily Property in Caribou

      Multifamily property with good rental history in Caribou, Maine.
      10 Lyndon Street, Caribou, ME 04736
      View Details
    • $649,900
      1,916 SF

      Established Restaurant Opportunity in Caribou

      Thriving Caribou restaurant with loyal customers and excellent visibility.
      507 Main Street, Caribou, ME 04736
      View Details
    • $300,000
      7,798 SF

      Former Bank Branch For Sale

      7,798 SF former bank branch on 0.30 acres.
      14 Sweden St, Caribou, ME 04736
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit residential property suitable for rental income or owner occupancy.
    Where is this duplex located?
    The property is located at 15 Hillcrest Avenue Caribou, ME.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Two separate units offer the opportunity to live in one and rent the other, or generate income from both.; Durable and low‑maintenance vinyl siding.; Metal roof provides long‑lasting protection.
    (207) 227-7246
    We can help!
    Listing Contact
    Frederick Dobbs
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!