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    Four-Unit Quadplex Investment Property Title is generated by Realmo AI

    20 Wheeler Street, Livermore Falls, ME 04254

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    New
    For Sale
    $220,000

    MULTI_FAMILY - Other - Livermore Falls, ME

    Property size:
    2,480 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $88/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 20 Wheeler Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
    Patio and Porch features
    Porch
    Pets allowed
    No
    Interior features
    1st Floor Bedroom, Bathtub, Shower
    Fencing
    Fenced
    Basement
    Unfinished, Dirt Floor, Full, Walk-Out Access
    Standard status
    Active
    Size
    2,480 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3030

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Baseboard, Zoned, Oil
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Plank, Linoleum, Carpet, Wood, Vinyl, Laminate
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Renee Targett

    Listing agent Renee Targett

    Listing office Kre Brokerage Group 1 River Oaks Way #1, Falmouth, ME

    Listing date Jun 3, 2026

    MLS# 1665273 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

    • 4‑unit multifamily property built in 1900
    • Fully rented with a very good rental history, per public remarks
    • Public water and public sewer service
    • Metal roof; wood frame construction with vinyl siding
    • Zoned hot water baseboard heating with oil heat
    • Fenced property with porch and finished basement space

    Overview

    This property is a four-unit quadplex designed for residential rental use. It consists of four separate units within one building, and it is being offered with the units currently rented. Public remarks indicate that current and past owners have made many improvements over time, supporting the property’s ongoing livability.

    The quadplex is located close to the town center in Livermore Falls, Maine, providing convenient access to local amenities. The offering does not include additional site details in the provided information, but the small lot size aligns with an in-town multifamily footprint.

    For buyers and investors seeking a small multifamily asset, the presence of four rented units can appeal to those looking to acquire a residential income property with existing tenant occupancy. The reported rental history and documented improvement activity may be of particular interest to purchasers who value turn-key operation and property maintenance continuity. Prospective buyers should review all available financial and lease information during due diligence, including unit-level details and any documentation related to the stated improvement history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Livermore Falls
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.186231
    Latitude
    44.475919

    Nearby Similar for Sale

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      View Details
    • $325,000
      3,900 SF

      Livermore Falls Multi-Unit Investment Property

      Well-maintained 3-unit property in Livermore Falls, Maine.
      47 Knapp Street, Livermore Falls, ME 04254
      View Details
    • $250,000
      2,018 SF

      Two-Unit Commercial Building on Main

      Two-unit commercial building with investment potential in downtown Livermore Falls.
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    • $375,000
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      Four-Unit Income Property

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      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit quadplex offered for sale; all units are currently rented with an established rental history.
    Where is this quadplex located?
    The property is located at 20 Wheeler Street Livermore Falls, ME.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 4‑unit multifamily property built in 1900; Fully rented with a very good rental history, per public remarks; Public water and public sewer service
    (207) 781-2958
    We can help!
    Listing Contact
    Renee Targett
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    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
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