Fully Rented Investment
68 West Broadway Lincoln, ME 04457
68 West Broadway, Lincoln, ME, 04457
$199,000
For Sale
$199,000
Two-unit property near downtown Lincoln, Maine, generating rental income.
Property Size1,400 SF
Price / SF$142.14
Days on Market545
Property Features for 68 West Broadway
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
Realty of Maine
(207) 590-7153
Listed by
Kenneth Moody
(207) 590-7153
Source
Compass
Added: Jan 18, 2025 Checked: Jul 16 at 7:24 am
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 Realty of Maine
Investment Insights
Based on property information with market context.
This two-unit investment property is fully rented and situated in an intown location. The property is 40 minutes from Bangor and 5 minutes from the interstate. Downtown and its amenities are within walking distance. The property size is 1,400 square feet.
Key Highlights
- Fully rented investment property.
- Intown location within walking distance to downtown amenities.
- Convenient access: 5 minutes from the interstate.
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 | $19.3k | $13.80 |
| − Vacancy | −$991 | −$0.71 |
| EGI | $18.3k | $13.09 |
| − OpEx | −$5.5k | −$3.93 |
| NOI | $12.8k | $9.16 |
1,400 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,800 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Lincoln, Maine, generating rental income.
Where is this duplex located?
The property is located at 68 West Broadway Lincoln, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully rented investment property.; Intown location within walking distance to downtown amenities.; Convenient access: 5 minutes from the interstate.
