Building Details

Tenancy Multi

Listing Agency: Acres Away, Inc a***@gmail.com Show Phone

Listed By: Alan Staples · License #ME 924109

Source: Crexi

Added: Apr 11 Changed: Aug 22 Last Checked: Aug 24 at 8:23PM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property includes a total of seven units. The beginning stages of work have already started, and recent exterior improvements include new vinyl siding and a new roof completed in 2021.

The property is located close to town, within walking distance, and also near Mt. Katahdin. Millinocket is described as a recreation destination with an ongoing need for rentals, supported by the proximity to outdoor activities.

With seven separate units already in place and renovation underway, the building offers a straightforward income-property configuration for an owner to complete and operate as desired.

Key Highlights

• 7‑unit multifamily property with initial renovation work underway.
• New roof and new vinyl siding completed in 2021.
• Rental income flexibility: rent units monthly and/or weekly (buyer’s choice).

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

300

Businesses Nearby

Explore this area Business Placement

Demographics for 04462, ME

4,411

Population

3,302

Households

1.3

Avg Household Size

56

Median Age

20%

College-Educated

96%

High-School Grad

702.8 sq mi

ZIP Area

6

Density / Sq Mi

$44,167

Median Household Income

$23,295

Median Earnings

$553

Median Rent

$89,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Seven-unit multifamily property with new roof and vinyl siding completed in 2021, with initial renovation work underway.

Where is this apartment building located?

The property is located at 52 Central St Millinocket, ME.

What are key features of this property?

This property features: 7‑unit multifamily property with initial renovation work underway.; New roof and new vinyl siding completed in 2021.; Rental income flexibility: rent units monthly and/or weekly (buyer’s choice).