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

    188 S Perley Brook Road Fort Kent, ME 04743

    View on Map
    For Sale
    $175,000

    MULTI_FAMILY - Fort Kent, ME

    Property size:
    2,590 SF
    Lot size:
    0.60 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 188 S Perley Brook Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Rooms
    Basement, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
    Pets allowed
    No
    Basement
    Full, Walk-Out Access
    Standard status
    Active
    Size
    2,590 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    1200

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Private

    Building Details

    Year built
    2000
    Number of units
    4
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Holly Hardwick
    Holly Hardwick

    Listing agent Holly Hardwick License #SA921740

    Listing office RE/MAX County 612 Main Street, Presque Isle, ME

    Listing date Jan 5, 2026

    MLS# 1636470 Listing URL

    Copyright © 2026 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Kent Income Property

    This four-unit apartment building is an income property located in a quiet neighborhood near the town of Fort Kent, Maine. The property, situated on a 0.6-acre lot, offers 2,590 square feet of residential space. The zoning is residential. The side lot is large enough to build a garage or another building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Building Supply Dental Office Auto Repair Shop Pharmacy Auto Parts Store Department Store Skin Care Clinic Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Kent
    County
    Aroostook
    State
    Maine
    Longitude
    -68.560572
    Latitude
    47.23722

    Nearby Similar for Sale

    • $799,000
      6,024 SF

      Profitable Restaurant in Fort Kent

      Well-established restaurant for sale in a prime location.
      250 W Main Street, Fort Kent, ME 04743
      View Details
    • $225,000
      1,995 SF

      Spacious Garage with Open Yard

      Commercial garage with yard and small mobile home on 1.3 acres.
      26 S Perley Brook Road, Fort Kent, ME 04743
      View Details
    • $119,900
      1,472 SF

      Two-Unit Property in Fort Kent

      Well-located two-unit property with separate utilities and heating.
      99 Highland Avenue, Fort Kent, ME 04743
      View Details
    • $129,900
      1,576 SF

      Fort Kent Two-Unit Property

      Two-unit property in downtown Fort Kent with income potential.
      47 E Main Street, Fort Kent, ME 04743
      View Details
    • $260,000
      3,380 SF

      Versatile Commercial Property with Apartments

      Commercial property with retail space and residential income potential.
      151 W Main Street, Fort Kent, ME 04743
      View Details
    • $260,000
      3,380 SF

      Mixed-Use Property with Residential Income

      Versatile commercial property with residential income potential in downtown location.
      151 W Main Street, Fort Kent, ME 04743
      View Details
    • Contact for pricing

      Two Maine Walgreens For Sale

      Single-tenant Walgreens properties in Auburn and Fort Kent, Maine.
      Auburn & Fort Kent, ME
      View Details
    • $650,000
      10,989 SF

      St. John River Hospitality Opportunity

      Restaurant, resort, RV campsite, and private island on St. John River.
      2185 St John Rd, Saint John Plantation, ME 04743
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment building in a quiet neighborhood, close to town.
    Where is this quadplex located?
    The property is located at 188 S Perley Brook Road Fort Kent, ME.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Income property: Opportunity to generate rental income.; Four‑unit apartment building.; Large side lot: Potential for garage or additional building.
    (207) 231-2265
    We can help!
    Listing Contact
    Holly Hardwick
    Holly Hardwick
    Real Estate License ID: SA921740
    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!