Two-Building Residential Income
8-10 Bayview Lane Kittery, ME 03904
8-10 Bayview Lane, Kittery, ME, 03904
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Other - Kittery, ME
Property Size4,120 SF
Lot Size2.70 Acres
Price / SF$291.26
Days on Market42
Property Features for 8-10 Bayview Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-S
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bathroom 4
- Parking features
- Open, Heated
- Patio and Porch features
- Deck, Porch
- Interior features
- Bathtub, One-Floor Living, Shower, Storage
- Fencing
- Fenced
- Basement
- Unfinished, Partial
- Standard status
- Active
- Size
- 4,120 SF
- Lot size
- 2.70 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6559
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Baseboard
- Cooling system
- Heat Pump
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Wood, Tile, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage, Outbuilding
Listing agency
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed by
Troy Williams
(207) 475-0999
Added: Jun 12 Updated: Jul 22 at 10:43AM Checked: Jul 23 at 1:06AM
MLS# 1652693
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 two-building residential income property includes a 1920-built duplex at 10 Bayview Lane and a detached garage structure at 8 Bayview Lane. The duplex features Unit 10A on the lower level with 3 bedrooms, 1 bathroom, a separate laundry room, and approximately 960 square feet. Unit 10B spans the second and third floors with approximately 1,400 square feet, 4 bedrooms, 2 bathrooms, and a large living room. The duplex is serviced by a shared forced hot water baseboard system and includes a basement with exterior access.
Set separately, 8 Bayview Lane is a garage structure built in 1999 with multiple bays, oversized garage doors, additional storage beneath the sunroom, and an apartment above. The main level includes office space, a lounge area, and a bathroom, along with the heating system. The upper apartment is approximately 1,960 square feet and includes 1 large bedroom, 1 bathroom, a separate laundry room, and a sunroom with its own entry overlooking the rear of the property and Spinney Creek. The garage area is gated and fully fenced, and the upper unit uses heat pumps and forced hot water baseboard heat. The property has frontage along Spinney Creek and is served by public water and sewer.
Set separately, 8 Bayview Lane is a garage structure built in 1999 with multiple bays, oversized garage doors, additional storage beneath the sunroom, and an apartment above. The main level includes office space, a lounge area, and a bathroom, along with the heating system. The upper apartment is approximately 1,960 square feet and includes 1 large bedroom, 1 bathroom, a separate laundry room, and a sunroom with its own entry overlooking the rear of the property and Spinney Creek. The garage area is gated and fully fenced, and the upper unit uses heat pumps and forced hot water baseboard heat. The property has frontage along Spinney Creek and is served by public water and sewer.
Key Highlights
- 2.7‑acre property with frontage along Spinney Creek and public water and public sewer
- Front building at 10 Bayview Lane: 1920‑built duplex with 2 residential units (10A and 10B)
- Unit 10A: approx. 960 SF, 3 bedrooms, 1 bathroom, plus a separate laundry room
Local 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 | $104.8k | $25.44 |
| − Vacancy | −$5.2k | −$1.26 |
| EGI | $99.6k | $24.18 |
| − OpEx | −$29.9k | −$7.25 |
| NOI | $69.7k | $16.93 |
4,120 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$996.4K
$871.8K – $1.16M
NOI $69,745 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$909.6K
$795.9K – $1.06M
NOI $63,672 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,421 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two separate buildings include a duplex and a garage structure with an apartment, all on 2.7 acres with public water and sewer.
Where is this triplex located?
The property is located at 8-10 Bayview Lane Kittery, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2.7‑acre property with frontage along Spinney Creek and public water and public sewer; Front building at 10 Bayview Lane: 1920‑built duplex with 2 residential units (10A and 10B); Unit 10A: approx. 960 SF, 3 bedrooms, 1 bathroom, plus a separate laundry room
