Office and Apartment
6 Stoddard Lane Hallowell, ME 04347
6 Stoddard Lane, Hallowell, ME, 04347
$475,000
For Sale
$475,000
Mixed-use building with multiple offices plus two 1-bedroom apartments, including renovated second-floor unit.
Property Size3,687 SF
Price / SF$128.83
Days on Market447
Property Features for 6 Stoddard Lane
General Information
- Standard status
- Active
- Size
- 3,687 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing agency
www.HomeZu.com
(877) 249-5478
Listed by
Jason Saphire · License #9086666
(877) 249-5478
Source
Compass
Added: May 3, 2025 Updated: Jul 22 at 8:49AM Checked: Jul 22 at 8:49AM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This established mixed-use property at 6 Stoddard Lane includes office space and apartment units. The main level features a shared waiting room with visitor access to a half bath, plus seven sun-filled offices. Each office includes its own air-conditioning unit, and multiple offices are equipped with a private full bath and kitchenette. The building also provides multiple egress options and an enclosed, handicap-accessible entry that is State Fire Marshall approved.
A newly painted daylight basement provides a 1-bedroom, 1-bath apartment with washer/dryer hookup, an office, and a full kitchen with stainless steel appliances. On the second floor, there is a 1-bedroom, 1-full-bath apartment with a brand-new renovation completed in June 2025 and washer/dryer hookup, with a private entry from the front porch or side staircase. The property offers plenty of parking.
Income and expense information is available upon request to qualified buyers, and showing times are limited due to client confidentiality for office tenants.
A newly painted daylight basement provides a 1-bedroom, 1-bath apartment with washer/dryer hookup, an office, and a full kitchen with stainless steel appliances. On the second floor, there is a 1-bedroom, 1-full-bath apartment with a brand-new renovation completed in June 2025 and washer/dryer hookup, with a private entry from the front porch or side staircase. The property offers plenty of parking.
Income and expense information is available upon request to qualified buyers, and showing times are limited due to client confidentiality for office tenants.
Key Highlights
- Mixed‑use office and apartment building with seven offices on the main level plus two 1‑bedroom apartments
- Main‑level office suite includes a shared waiting room and visitor half bath, with seven sun‑filled offices and individual air‑conditioning units
- Daylight walk‑out basement apartment offers 1 bedroom, 1 bath, office space, and full kitchen with stainless steel appliances; includes washer/dryer hookup
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 | $59.7k | $16.20 |
| − Vacancy | −$908 | −$0.25 |
| EGI | $58.8k | $15.95 |
| − OpEx | −$17.6k | −$4.79 |
| NOI | $41.2k | $11.17 |
3,687 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Office B
$744.6K
$651.5K – $868.7K
NOI $52,120 @ 7.0% cap · market cap 10.97%
Second Best
Multifamily LT 5
$588.2K
$514.7K – $686.3K
NOI $41,175 @ 7.0% cap · market cap 8.67%
Theoretical Best
Warehouse
$5.50M
$4.81M – $6.42M
NOI $385,045 @ 7.0% cap · market cap 81.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elsbeth Brundage
Counselor
Brittany Bellmore
Foster Care Service
Night Sky Counseling ...
Counselor
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FAQs
What type of property is this?
Office units - Mixed-use building with multiple offices plus two 1-bedroom apartments, including renovated second-floor unit.
Where is this office units located?
The property is located at 6 Stoddard Lane Hallowell, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Mixed‑use office and apartment building with seven offices on the main level plus two 1‑bedroom apartments; Main‑level office suite includes a shared waiting room and visitor half bath, with seven sun‑filled offices and individual air‑conditioning units; Daylight walk‑out basement apartment offers 1 bedroom, 1 bath, office space, and full kitchen with stainless steel appliances; includes washer/dryer hookup
