Meticulously Maintained Freeport
15 South Freeport Road Freeport, ME 04032
15 South Freeport Road, Freeport, ME, 04032
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For Sale
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Well-maintained 3,900+ SF quadplex with a 13.5% cap rate.
Property Size3,900 SF
Price / SF$306.41
Days on Market60
Property Features for 15 South Freeport Road
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1950
Listing Agency
Remax Shoreline Commercial
(603) 969-6216
Listed by
Andy Yau · License #NH 074320
Source
Crexi
Added: May 19 Checked: Jul 16 at 4:45 am
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 Remax Shoreline Commercial
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
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 | $105.3k | $27.00 |
| − Vacancy | −$6.8k | −$1.76 |
| EGI | $98.5k | $25.25 |
| − OpEx | −$29.5k | −$7.57 |
| NOI | $68.9k | $17.67 |
3,900 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$984.6K
$861.5K – $1.15M
NOI $68,919 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$916.0K
$801.5K – $1.07M
NOI $64,118 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.07M
$937.9K – $1.25M
NOI $75,034 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
