Mixed-Use Lakefront Income
8 Emery Corner Road Limerick, ME 04048
For Sale
$625,000
MULTI_FAMILY - Ranch - Limerick, ME
Property Size2,064 SF
Lot Size0.30 Acres
Price / SF$302.81
Days on Market59
Property Features for 8 Emery Corner Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Village
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Security features
- Security System
- Interior features
- One-Floor Living
- Basement
- Walk-Out Access, Full, Finished
- Standard status
- Active
- Size
- 2,064 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4014
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Zoned, Propane (Heating), Hot Water(Heating)
- Water source
- Public
- Water front features
- Waterfront, Lake
- Water front
- 1
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Masonry, Wood Frame, Clapboard, Other Exterior
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency:
Coldwell Banker Realty
(207) 282-5988
Listed By:
Robert Letellier
(207) 590-5178
Added: May 30
Changed: Jul 11
Last Checked: Jul 27 at 4:06AM
MLS# 1655282
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 mixed-use lakefront property includes two fully occupied rental units and an established on-site laundromat. Unit A (Upper Front) is a renovated studio with newer finishes, and Unit B (Lower Rear) was refreshed between July and September 2025 with new flooring, updated plumbing, a new stove, fresh paint, and replacement windows. The home has dimmable lighting throughout, and improvements include newer windows and doors, updated electrical panels and wiring, and on-demand tankless hot water systems. The roof has been replaced in phases, with half completed about three years ago and the remaining portion completed several years prior.
The laundromat generates rental income and includes a utility room housing independent systems for heat, hot water, and security. The property is set on deep water frontage with a private dock, swim area, and small beach access point, providing lake access from the site. Zoning is listed as Village, with business/residential use.
The property is identified as offering approximately 30% expansion potential under current zoning, including flexibility to expand the laundromat operation or increase residential space.
The laundromat generates rental income and includes a utility room housing independent systems for heat, hot water, and security. The property is set on deep water frontage with a private dock, swim area, and small beach access point, providing lake access from the site. Zoning is listed as Village, with business/residential use.
The property is identified as offering approximately 30% expansion potential under current zoning, including flexibility to expand the laundromat operation or increase residential space.
Key Highlights
- Lakefront ranch built in 1950 with waterfront access on Sokokis Lake, including private dock and swim/small beach access.
- Zoned business/residential with 2 fully occupied rental units and an established on‑site laundromat for multiple income streams.
- Studio Unit A (upper front) completely renovated approximately 4 years ago; dimmable lighting included.
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 | $52.5k | $25.44 |
| − Vacancy | −$2.6k | −$1.26 |
| EGI | $49.9k | $24.18 |
| − OpEx | −$15.0k | −$7.25 |
| NOI | $34.9k | $16.93 |
2,064 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.1K
$436.8K – $582.3K
NOI $34,940 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$455.7K
$398.7K – $531.6K
NOI $31,898 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$654.3K
$572.5K – $763.3K
NOI $45,799 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Laundromat
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Lakefront property with two occupied rental units and an on-site laundromat, zoned business/residential under Village zoning.
Where is this duplex located?
The property is located at 8 Emery Corner Road Limerick, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Lakefront ranch built in 1950 with waterfront access on Sokokis Lake, including private dock and swim/small beach access.; Zoned business/residential with 2 fully occupied rental units and an established on‑site laundromat for multiple income streams.; Studio Unit A (upper front) completely renovated approximately 4 years ago; dimmable lighting included.
