Renovated Multifamily
New
For Sale
$745,000
1 Bradley Street, Saco, ME 04072
The first-floor residence includes a double living room, pantry, laundry area, and space for a home office.
Property Size2,772 SF
Lot Size0.28 Acres
Price / SF$268.76
Days on Market6
Property Features for 1 Bradley Street
General Information
Standard status
Active
Size
2,772 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Property subtype
Multi-family
Zoning
HDR
Building Details
Year Built
1865
Year Renovated
2018
Buildings
1
Listing Agency:
EXP Realty
Listed By:
Roslind Anton
(207) 450-3230
Source:
Greatislandrealty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This 2,772-square-foot multifamily property dates to 1865 and underwent a comprehensive rebuild in 2018. Improvements included new electrical and plumbing systems, windows, siding, roofing, insulation, and a boiler. The apartments have updated kitchens and baths, white cabinetry, and luxury vinyl plank flooring. The first-floor unit offers approximately 1,300 square feet, with a double living room, pantry, laundry, and room for a home office.
The 12,155-square-foot lot has parking for 9–10 cars. The property is in an HDR zone, with the source describing the possibility of adding a fourth unit. Shaw's Shopping Plaza is directly across the street; Lucky Loggers, Reny's, a bank, and grocery shopping are also identified nearby.
The 12,155-square-foot lot has parking for 9–10 cars. The property is in an HDR zone, with the source describing the possibility of adding a fourth unit. Shaw's Shopping Plaza is directly across the street; Lucky Loggers, Reny's, a bank, and grocery shopping are also identified nearby.
Key Highlights
- Comprehensive rebuild completed in 2018; original building dates to 1865
- 2,772‑square‑foot multifamily property
- First‑floor apartment offers approximately 1,300 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,839
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,780
$856.8K
Cap Rate 7%
$611,986
$612.0K
Cap Rate 9%
$475,989
$476.0K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$82.2K $29.64/SF
− Vacancy
−$4.3K −$1.54/SF
EGI
$77.9K $28.10/SF
− OpEx
−$35.1K −$12.64/SF
NOI
$42.8K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,780
Cap Rate 7%
$611,986
Cap Rate 9%
$475,989
Alternative Uses
Best Use
Apartment 5plus
$612.0K
$535.5K – $714.0K
NOI $42,839 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$878.7K
$768.9K – $1.03M
NOI $61,510 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The first-floor residence includes a double living room, pantry, laundry area, and space for a home office.
Where is this multifamily property located?
The property is located at 1 Bradley Street Saco, ME.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Comprehensive rebuild completed in 2018; original building dates to 1865; 2,772‑square‑foot multifamily property; First‑floor apartment offers approximately 1,300 square feet
