Waterfront Multi-Unit Property with
14 Lakeshore Drive, Belgrade, ME 04917
MULTI_FAMILY - Other - Belgrade, ME
Property size:
4,500 SFLot size:
3.28 AcresPrice / SF:
$175/SF- Added:
- Jun 16, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 1 at 2:06 pm
Property Features for 14 Lakeshore Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 4, Basement, Bathroom 5, Bathroom 2, Bathroom 1
- Parking features
- Off Street, Offsite, Open
- Interior features
- In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower
- Basement
- Unfinished, Full, Sump Pump
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 3.28 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 5832
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Forced Air, Baseboard, Hot Water(Heating), Natural Gas, Oil
- Water source
- Well, Private
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Concrete, Laminate, Tile, Wood, Carpet, Vinyl
- Building materials
- Mobile, Wood Frame, Aluminum Siding, Wood Siding, Other Exterior
- Roof type
- Shingle, Metal
- Architectural style
- Other
Listing agent Kim Moxcey (207) 242-2674
Listing office Century 21 Nason Realty 11 Bay Street, Winslow, ME (207) 873-2119
Listing date Jun 16, 2026
MLS# 1657697
Listing URL
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.
HighLights
- Multi‑living setup with 3 separate apartments (3 apartments), currently all rented
- Includes waterfront access: shared frontage on Long Pond
- Commercial store‑front space on‑site (currently kept vacant by sellers)
- Older mobile home on the property is rented out
- Home built in 1973; exterior includes wood frame with aluminum siding and wood siding
- On‑site utilities include well water and private septic/sewer; roof features shingle and metal
Overview
The property at 14 Lakeshore Drive (and also listed with 1184 West Road) is configured as three separate residential living spaces plus additional income-producing housing. The three apartments are currently rented. There is also a storefront commercial space on the premises that is kept vacant by the sellers. An older, well-kept mobile home on the property is rented out as well.
Set on a large lot of 3.28 acres, the home includes shared frontage on Long Pond for water access. The public remarks describe the original site history tied to the former Belgrade Hotel, with the current home built by the owners’ family in 1973. The waterfront information is referenced from book 20, page 73 (Tobey’s Plan).
This layout can support multiple operating models, including an owner-occupant approach where one unit is used while the other residential spaces and the mobile home generate rental income. For commercial users or investors, the vacant storefront provides space that can be activated by a future tenant or operator, while the existing residential rentals remain in place. Please note that the square footage and water frontage figures cited in the remarks are provided as approximate.
Set on a large lot of 3.28 acres, the home includes shared frontage on Long Pond for water access. The public remarks describe the original site history tied to the former Belgrade Hotel, with the current home built by the owners’ family in 1973. The waterfront information is referenced from book 20, page 73 (Tobey’s Plan).
This layout can support multiple operating models, including an owner-occupant approach where one unit is used while the other residential spaces and the mobile home generate rental income. For commercial users or investors, the vacant storefront provides space that can be activated by a future tenant or operator, while the existing residential rentals remain in place. Please note that the square footage and water frontage figures cited in the remarks are provided as approximate.
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 | $72.9k | $16.20 |
| − Vacancy | −$1.1k | −$0.25 |
| EGI | $71.8k | $15.95 |
| − OpEx | −$21.5k | −$4.79 |
| NOI | $50.3k | $11.17 |
4,500 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,254 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 5.56%
Theoretical Best
Warehouse
$6.71M
$5.87M – $7.83M
NOI $469,949 @ 7.0% cap · market cap 59.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Belgrade
- County
- Kennebec
- State
- Maine
- Longitude
- -69.886579
- Latitude
- 44.52312
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Belgrade Lakes Village multi-unit property with shared Long Pond frontage, three rented apartments, and a vacant storefront space.
Where is this quadplex located?
The property is located at 14 Lakeshore Drive Belgrade, ME.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Multi‑living setup with 3 separate apartments (3 apartments), currently all rented; Includes waterfront access: shared frontage on Long Pond; Commercial store‑front space on‑site (currently kept vacant by sellers)
