Six-Unit Multifamily
47 Zions Hill Road Dexter, ME 04930
47 Zions Hill Road, Dexter, ME, 04930
$388,000
For Sale
$388,000
MULTI_FAMILY - Other - Dexter, ME
Property Size3,147 SF
Lot Size0.19 Acres
Price / SF$123.29
Days on Market28
Property Features for 47 Zions Hill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
- Basement
- Partial, Dirt Floor, Sump Pump, Crawl Space
- Standard status
- Active
- Size
- 3,147 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2470
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 6
- Flooring type
- Carpet, Laminate, Linoleum
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Allied Realty
(207) 474-9553
Listed by
Kim Mercier
(207) 474-6548
Added: Jun 25 Updated: Jul 7 at 10:33AM Checked: Jul 22 at 8:06PM
MLS# 1657915
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.
This well-maintained six-unit multifamily property offers each unit a full kitchen, creating straightforward, livable layouts for renters. Unit 4 includes additional in-unit convenience with a dishwasher and laundry hookup. Utility and heating responsibility varies by unit: four units feature tenant-paid utilities and heating, while the remaining two units are serviced by a forced hot air system. The property consists of approximately 3,147 square feet on a 0.19-acre lot, and some photos were taken prior to current occupancy to show unit layouts.
The building is located at 47 Zions Hill Road in Dexter, Maine, within the Residential zoning category. The property is described as being in the heart of Dexter, with local schools and the downtown area within walking distance. It also backs directly onto Crosby Park, providing a quiet setting for residents.
For investors or owner-occupants, this configuration can support a flexible approach to managing the property, with a mix of tenant-paid utility and forced hot air service across the unit lineup. With full kitchens in every unit and specific added amenities in Unit 4, the offering is designed for tenants who value functional, self-contained living spaces.
The building is located at 47 Zions Hill Road in Dexter, Maine, within the Residential zoning category. The property is described as being in the heart of Dexter, with local schools and the downtown area within walking distance. It also backs directly onto Crosby Park, providing a quiet setting for residents.
For investors or owner-occupants, this configuration can support a flexible approach to managing the property, with a mix of tenant-paid utility and forced hot air service across the unit lineup. With full kitchens in every unit and specific added amenities in Unit 4, the offering is designed for tenants who value functional, self-contained living spaces.
Key Highlights
- Six‑unit property with one‑floor living features including 1st floor bedrooms
- Backs directly onto Crosby Park
- Four units have fully tenant‑paid utilities and heating; remaining two units serviced by a forced hot air system
Local Financial Insights For Apartment 5plus
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 | $51.0k | $16.20 |
| − Vacancy | −$2.8k | −$0.87 |
| EGI | $48.2k | $15.33 |
| − OpEx | −$21.7k | −$6.90 |
| NOI | $26.5k | $8.43 |
3,147 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,526 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$889.3K – $1.19M
NOI $71,147 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained six-unit building with full kitchens, tenant-paid utilities on four units, and forced hot air on two.
Where is this apartment building located?
The property is located at 47 Zions Hill Road Dexter, ME.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: Six‑unit property with one‑floor living features including 1st floor bedrooms; Backs directly onto Crosby Park; Four units have fully tenant‑paid utilities and heating; remaining two units serviced by a forced hot air system
