Building Details

Year Built 1950

Year Renovated 2026

Buildings 1

Stories 2

Units 10

Tenancy Multi

Listing Agency: Remax Shoreline Commercial

Listed By: Andy Yau · License #NH 074320 Show Phone

Source: Crexi

Added: May 19 Changed: Oct 13 Last Checked: Oct 14 at 11:25PM

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Investment Insights

Based on property information with market context.

This is a meticulously maintained quadplex property with a size of over 3,900 square feet. The property is being offered for sale and has a cap rate of 13.5%.

Key Highlights

• 13.5% Cap Rate
• Meticulously Maintained
• 3,900+ SF Quadplex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,919

Cap Rate

5.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,378,380 $1.4M

Cap Rate 7%

$984,557 $984.6K

Cap Rate 9%

$765,767 $765.8K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$105.3K $27.00/SF

− Vacancy

−$6.8K −$1.76/SF

EGI

$98.5K $25.25/SF

− OpEx

−$29.5K −$7.57/SF

NOI

$68.9K $17.67/SF

Area

Cumberland County, ME

Vacancy

6.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,378,380

Cap Rate 7%

$984,557

Cap Rate 9%

$765,767

Alternative Uses

Best Use

Multifamily LT 5

$984.6K

$861.5K – $1.15M (±1% cap)

NOI $68,919 @ 7.0% cap · market cap 5.77%

Second Best

Apartment 5plus

$916.0K

$801.5K – $1.07M (±1% cap)

NOI $64,118 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$1.07M

$937.9K – $1.25M (±1% cap)

NOI $75,034 @ 7.0% cap · market cap 6.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Plumbing Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Building Supply

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

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Explore this area Business Placement

Demographics for 04032, ME

8,737

Population

4,133

Households

2.1

Avg Household Size

47

Median Age

57%

College-Educated

94%

High-School Grad

34.7 sq mi

ZIP Area

252

Density / Sq Mi

$108,864

Median Household Income

$48,222

Median Earnings

$1,436

Median Rent

$445,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Well-maintained 3,900+ SF quadplex with a 13.5% cap rate.

Where is this quadplex located?

The property is located at 15 South Freeport Road Freeport, ME.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: 13.5% Cap Rate; Meticulously Maintained; 3,900+ SF Quadplex