Four-Unit Residential
For Sale
$480,000
100 Route 133, Winthrop, ME 04364
Four apartments offer varied layouts, including a two-level residence with private laundry and a sun porch.
Property Size3,606 SF
Price / SF$133.11
Days on Market223
Property Features for 100 Route 133
General Information
Standard status
Active
Size
3,606 SF
Property subtype
Multi Family Home
Zoning
Village
Occupancy
100%
Units
Unit Mix
1 x 1BR, 1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,802
Building Details
Building Size
3,606 SF
Year Built
1890
Stories
3
Units
4
Listing Agency:
Maine Real Estate Co
(207) 292-1030
Listed By:
Tyler Janelle
(207) 423-8937
Source:
Amerorealty
Added: Mar 24
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
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 Maine Real Estate Co
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,606 square feet across a mix of apartment layouts. One unit has a first-floor bedroom and enclosed sun porch, with basement access and washer/dryer hookups. Another is a third-floor one-bedroom, one-bathroom apartment renovated approximately 6 years ago with a replacement kitchen and bathroom. The second-floor unit includes two bedrooms, one bathroom, and a living room and kitchen. The two-level apartment has front and rear entrances, a storage hallway, first-floor laundry, a living room, and a sun porch, with two bedrooms and a bathroom upstairs. The property also has a new roof and vinyl siding.
Located in Winthrop, the property is zoned Village and sits near Maranacook Lake public beach and town amenities. Auburn, Lewiston, and Augusta are also identified as nearby cities, with Portland about an hour away. All four units are rented, and notice is required before showings.
Located in Winthrop, the property is zoned Village and sits near Maranacook Lake public beach and town amenities. Auburn, Lewiston, and Augusta are also identified as nearby cities, with Portland about an hour away. All four units are rented, and notice is required before showings.
Key Highlights
- Four residential units in a 3,606‑square‑foot property
- New roof and vinyl siding
- Third‑floor one‑bedroom, one‑bathroom unit renovated approximately 6 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,270
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,400
$805.4K
Cap Rate 7%
$575,286
$575.3K
Cap Rate 9%
$447,444
$447.4K
Market Conditions
NOI Build-Up for 3,606 SF
Gross rent
$58.4K $16.20/SF
− Vacancy
−$888 −$0.25/SF
EGI
$57.5K $15.95/SF
− OpEx
−$17.3K −$4.79/SF
NOI
$40.3K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,400
Cap Rate 7%
$575,286
Cap Rate 9%
$447,444
Alternative Uses
Best Use
Multifamily LT 5
$575.3K
$503.4K – $671.2K
NOI $40,270 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$501.8K
$439.1K – $585.5K
NOI $35,128 @ 7.0% cap · market cap 7.32%
Theoretical Best
Warehouse
$5.38M
$4.71M – $6.28M
NOI $376,586 @ 7.0% cap · market cap 78.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
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Business Placement
Demographics for 04364, ME
6,115
Population
3,342
Households
1.8
Avg Household Size
47
Median Age
37%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
197
Density / Sq Mi
$82,858
Median Household Income
$44,602
Median Earnings
$1,031
Median Rent
$273,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer varied layouts, including a two-level residence with private laundry and a sun porch.
Where is this quadplex located?
The property is located at 100 Route 133 Winthrop, ME.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Four residential units in a 3,606‑square‑foot property; New roof and vinyl siding; Third‑floor one‑bedroom, one‑bathroom unit renovated approximately 6 years ago
