Mixed-Use Building with Office
New
For Sale
$375,000
112 Clinton Avenue, Winslow, ME 04901
Multi-Family, Winslow, ME
Property Size2,748 SF
Lot Size0.28 Acres
Price / SF$136.46
Days on Market4
Property Features for 112 Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Security features
Security System
Pets allowed
No
Interior features
Shower
Basement
Full
Accessibility
Accessible Approach with Ramp
Lot features
Open, Corner Lot, Level, Sidewalks, Intown
Standard status
Active
Size
2,748 SF
Lot size
0.28 Acres
Additional Details
Tenant in Place
Yes
Property Use
Mixed-Use
Condition
Built-Out
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2923
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil
Water source
Public
Amenities
kitchen
Building Details
Year built
1937
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
(207) 872-7650
Listed By:
Dana Michaud
(207) 314-2268
Added: Nov 3
Last Checked: Nov 6 at 10:06AM
MLS# 1686677
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.
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Investment Insights
Based on property information with market context.
This 2,748-square-foot mixed-use property combines a ground-floor professional office with an upstairs apartment. The office has five offices, a reception desk, a kitchen, one full bathroom and one half bathroom. The second-floor apartment has four bedrooms and spans two stories; it is currently used for storage through July 2027. The building was constructed in 1937 and has a ramp-accessible approach, baseboard oil heat, and tile, vinyl and carpet flooring.
Set on a 0.28-acre lot in Winslow, the property has public water and sewer service and on-site parking. The first floor could be converted into two two-bedroom apartments with town approval.
Set on a 0.28-acre lot in Winslow, the property has public water and sewer service and on-site parking. The first floor could be converted into two two-bedroom apartments with town approval.
Key Highlights
- 2,748‑square‑foot building on a 0.28‑acre lot
- Ground‑floor office includes 5 offices, reception desk, kitchen, full bath and half bath
- Upstairs apartment has 4 bedrooms across two stories; currently used for storage through July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,349
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,980
$567.0K
Cap Rate 7%
$404,986
$405.0K
Cap Rate 9%
$314,989
$315.0K
Market Conditions
NOI Build-Up for 2,748 SF
Gross rent
$49.5K $18.00/SF
− Vacancy
−$4.1K −$1.49/SF
EGI
$45.4K $16.51/SF
− OpEx
−$17.0K −$6.19/SF
NOI
$28.3K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,980
Cap Rate 7%
$404,986
Cap Rate 9%
$314,989
Alternative Uses
Best Use
Office B
$554.9K
$485.6K – $647.4K
NOI $38,846 @ 7.0% cap · market cap 10.36%
Second Best
Mixed Use
$405.0K
$354.4K – $472.5K
NOI $28,349 @ 7.0% cap · market cap 7.56%
Theoretical Best
Warehouse
$4.10M
$3.59M – $4.78M
NOI $286,982 @ 7.0% cap · market cap 76.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs four-bedroom apartment and public water and sewer serve the 2,748-square-foot property.
Where is this mixed-use property located?
The property is located at 112 Clinton Avenue Winslow, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,748‑square‑foot building on a 0.28‑acre lot; Ground‑floor office includes 5 offices, reception desk, kitchen, full bath and half bath; Upstairs apartment has 4 bedrooms across two stories; currently used for storage through July 2027
