Two-Building Residential Income
8-10 Bayview Lane, Kittery, ME 03904
New
MULTI_FAMILY - Other - Kittery, ME
Property size:
4,120 SFLot size:
2.70 AcresPrice / SF:
$291/SF- Added:
- Jun 2, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 4 at 10:06 pm
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 2, Bathroom 3, Bathroom 4, Basement
- 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
- Electric (Heating), Oil, Heat Pump (Heating), Baseboard, Hot Water(Heating)
- 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
- Carpet, Tile, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Outbuilding, Storage
Listing agent Troy Williams (207) 351-8188
Listing office Keller Williams Coastal and Lakes & Mountains Realty 1000 US Route 1 Suite 101, Portsmouth, ME (207) 475-0999
Listing date Jun 2, 2026
MLS# 1652693
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
- 2.7‑acre Kittery property with frontage along Spinney Creek and three vacant residential units in two separate buildings
- 10 Bayview Lane 1920‑built duplex: Unit 10A lower level approx. 960 SF with 3 bedrooms, 1 bathroom, and separate laundry room
- Unit 10B (upper duplex): approx. 1,400 SF with 4 bedrooms and 2 bathrooms, 1 per level, plus large living room and Spinney Creek views
- Separate 8 Bayview Lane: 1999 multi‑bay garage with oversized garage doors, storage beneath sunroom, and an approx. 1,960 SF apartment above
- Utilities: public water and public sewer; heating includes electric, oil, heat pump, and forced hot water baseboard; cooling via heat pump
- Heated, gated fully fenced garage area with deck and porch; apartment has its own entry and sunroom
Overview
Offered as a rare, first-time market opportunity, this two-building residential income property combines existing improvements with long-term potential. The front building at 10 Bayview Lane is a 1920-built duplex containing two vacant units, including a lower-level 3-bedroom, 1-bath residence with a separate laundry room and an upper unit spanning the second and third floors with 4 bedrooms, 2 bathrooms, and a large living room. The duplex is served by a shared forced hot water baseboard system and includes a basement with exterior access.
Set separately at 8 Bayview Lane is a substantial, gated and fully fenced garage structure built in 1999 with multiple bays, oversized garage doors, and additional storage beneath a sunroom. The main level includes office space, a lounge area, a bathroom, and the heating system. Above the garage is an owner-occupied apartment with approximately one large bedroom, one bathroom, a separate laundry room, and a sunroom with its own entry overlooking the tree-lined rear of the property and Spinney Creek. The property also includes public water and sewer, and the site features frontage along Spinney Creek in a private coastal setting.
With three vacant residential units ready for immediate use and a distinctive second structure that may support business or creative uses, the property suits buyers seeking a multifamily portfolio with flexibility. It may also appeal to builders, developers, and investors looking to explore options within a designated growth area while benefiting from existing utility service and waterfront frontage.
Set separately at 8 Bayview Lane is a substantial, gated and fully fenced garage structure built in 1999 with multiple bays, oversized garage doors, and additional storage beneath a sunroom. The main level includes office space, a lounge area, a bathroom, and the heating system. Above the garage is an owner-occupied apartment with approximately one large bedroom, one bathroom, a separate laundry room, and a sunroom with its own entry overlooking the tree-lined rear of the property and Spinney Creek. The property also includes public water and sewer, and the site features frontage along Spinney Creek in a private coastal setting.
With three vacant residential units ready for immediate use and a distinctive second structure that may support business or creative uses, the property suits buyers seeking a multifamily portfolio with flexibility. It may also appeal to builders, developers, and investors looking to explore options within a designated growth area while benefiting from existing utility service and waterfront frontage.
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 Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Kittery
- County
- York
- State
- Maine
- Longitude
- -70.761887
- Latitude
- 43.096405
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Two separate buildings with three vacant units and a fenced, gated garage offer flexible income and future development potential.
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 Kittery property with frontage along Spinney Creek and three vacant residential units in two separate buildings; 10 Bayview Lane 1920‑built duplex: Unit 10A lower level approx. 960 SF with 3 bedrooms, 1 bathroom, and separate laundry room; Unit 10B (upper duplex): approx. 1,400 SF with 4 bedrooms and 2 bathrooms, 1 per level, plus large living room and Spinney Creek views
