13 & 16 Joyal Hill Lane Casco, ME 04015
MULTI_FAMILY - Modern - Casco, ME
Property Features for 13 & 16 Joyal Hill Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Limited Residential
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- In-Law Apartment, 1st Floor Bedroom, Bathtub
- Basement
- Full, Walk-Out Access, Daylight, Finished
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 7.50 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5348
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Electric (Heating), Baseboard, Natural Gas
- Cooling system
- Wall Unit(s)
- Water source
- Private, Well
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 2004
- Number of units
- 3
- Flooring type
- Laminate, Wood
- Building materials
- Log, Wood Frame, Log Siding
- Roof type
- Metal
- Architectural style
- Modern
Listing agent Kathleen Phillips LaBombard (207) 329-7542
Listing office Ocean Gate Realty, LLC. 158 Danforth St., Portland, ME (207) 773-1919
Listing date Jul 14, 2026
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.
Investment Insights
Based on property information with market context.
A separate, free-standing chalet contains two additional living units, each with two bedrooms and one bathroom, along with its own kitchen and living room. The property has 2 long term tenants in place. Access is at the end of a dead-end lane, and the waterfront is approximately 850 feet of owned waterfront in The Heath, which connects to Thompson Lake, with a private dock reached via a gentle sloping trail of about 75 footsteps.
The grounds include mature apple trees, blueberries, blackberry, and raspberry bushes, plus a classic campfire pit. Two included buildable lots are already perc tested. Zoning is Limited Residential.
Key Highlights
- 7.5 acres at the end of a dead‑end lane with 850' of owned waterfront in “The Heath,” connecting to Thompson Lake
- Main home: 3‑bedroom, 1.5‑bath chalet‑style log‑sided house with vaulted beamed ceiling and wide pine flooring
- Separate free‑standing chalet with two additional units, each 2 bedrooms and 1 bathroom with its own kitchen and living room
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 | $62.2k | $27.00 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $58.2k | $25.25 |
| − OpEx | −$17.4k | −$7.57 |
| NOI | $40.7k | $17.67 |
