Waterfront Triplex
13 & 16 Joyal Hill Lane Casco, ME 04015
For Sale
$825,000
Three-unit waterfront compound with owned dock access, a 3-bedroom main chalet, and two additional 2-bedroom units.
Property Size2,304 SF
Lot Size7.50 Acres
Price / SF$358.07
Days on Market30
Property Features for 13 & 16 Joyal Hill Lane
General Information
Standard status
Active
Size
2,304 SF
Lot size
7.50 Acres
Property subtype
Multi-family
Building Details
Year Built
2004
Listing Agency:
Ocean Gate Realty,LLC.
Listed By:
Kathleen Phillips LaBombard
(603) 433-3350
Source:
Greatislandrealty
Added: Jun 30
Changed: Jul 26
Last Checked: Jul 27 at 9:18PM
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 Ocean Gate Realty,LLC.
Investment Insights
Based on property information with market context.
Set at the end of a dead-end lane, this waterfront compound offers year-round living, a summer retreat, or income-producing multi-unit ownership with three total living units. The main chalet-style log-sided home includes three bedrooms and 1.5 bathrooms, along with a spacious wrap-around porch. Inside, the living room features a vaulted, beamed ceiling and wide pine flooring, and there is a generous kitchen plus a full bath with a jetted tub. The lake level is described as offering additional bedrooms, a half bath with stackable laundry, storage space, and walkout access to a patio overlooking the pond. Propane Rinnai heating is in place.
A separate, free-standing chalet contains two additional living units, each with 2 bedrooms and 1 bathroom, including its own kitchen and living room. The property is noted as currently having two long-term tenants. Owned waterfront spans 850 feet on approximately 7.5 acres, with private dock access reached via a gentle sloping trail of about 75 footsteps.
The Heath is described as restricting watercraft to canoes, kayaks, sail or paddle boats. The grounds include mature apple trees and berry plantings, and there are two included buildable lots that are perc tested.
A separate, free-standing chalet contains two additional living units, each with 2 bedrooms and 1 bathroom, including its own kitchen and living room. The property is noted as currently having two long-term tenants. Owned waterfront spans 850 feet on approximately 7.5 acres, with private dock access reached via a gentle sloping trail of about 75 footsteps.
The Heath is described as restricting watercraft to canoes, kayaks, sail or paddle boats. The grounds include mature apple trees and berry plantings, and there are two included buildable lots that are perc tested.
Key Highlights
- Private waterfront compound on 7.5 acres with 850' of owned waterfront on The Heath (connects to Thompson Lake).
- Main 3‑bedroom, 1.5‑bath chalet‑style log‑sided home built in 2004 with a wrap‑around porch and vaulted beamed ceiling.
- Lake‑level layout includes 2 additional bedrooms, 1 half bath with stackable laundry, storage, and walkout patio overlooking the pond.
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 |
2,304 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.6K
$508.9K – $678.6K
NOI $40,715 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$541.1K
$473.5K – $631.3K
NOI $37,879 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$633.3K
$554.1K – $738.8K
NOI $44,328 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit waterfront compound with owned dock access, a 3-bedroom main chalet, and two additional 2-bedroom units.
Where is this triplex located?
The property is located at 13 & 16 Joyal Hill Lane Casco, ME.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Private waterfront compound on 7.5 acres with 850' of owned waterfront on The Heath (connects to Thompson Lake).; Main 3‑bedroom, 1.5‑bath chalet‑style log‑sided home built in 2004 with a wrap‑around porch and vaulted beamed ceiling.; Lake‑level layout includes 2 additional bedrooms, 1 half bath with stackable laundry, storage, and walkout patio overlooking the pond.
