Duplex with
154 Seaward Mills Road, Vassalboro, ME 04989
For Sale
$595,000
Each residence has its own septic system and leach field.
Property Size4,000 SF
Price / SF$148.75
Days on Market261
Property Features for 154 Seaward Mills Road
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
new family room
paved driveway
garage
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Francois Rodrigue
(207) 873-9013
Source:
Hoangrealty
Added: Feb 19
Changed: Nov 3
Last Checked: Nov 6 at 8:24AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 2002, this two-unit property includes a newly added family room, recently installed heat pumps, and interior paint updates. Each unit is served by a separate septic system and leach field. A garage and paved driveway provide on-site storage and parking.
The property is in a rural setting with commuting access to Waterville and Augusta.
The property is in a rural setting with commuting access to Waterville and Augusta.
Key Highlights
- Two units, built in 2002
- Separate septic system and leach field for each unit
- New family room and recently installed heat pumps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,671
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,420
$893.4K
Cap Rate 7%
$638,157
$638.2K
Cap Rate 9%
$496,344
$496.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$64.8K $16.20/SF
− Vacancy
−$985 −$0.25/SF
EGI
$63.8K $15.95/SF
− OpEx
−$19.1K −$4.79/SF
NOI
$44.7K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,420
Cap Rate 7%
$638,157
Cap Rate 9%
$496,344
Alternative Uses
Best Use
Multifamily LT 5
$638.2K
$558.4K – $744.5K
NOI $44,671 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 6.55%
Theoretical Best
Warehouse
$5.97M
$5.22M – $6.96M
NOI $417,733 @ 7.0% cap · market cap 70.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 04989, ME
4,520
Population
2,296
Households
2
Avg Household Size
45
Median Age
31%
College-Educated
94%
High-School Grad
44.3 sq mi
ZIP Area
102
Density / Sq Mi
$74,828
Median Household Income
$47,512
Median Earnings
$1,030
Median Rent
$217,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kennebec County, ME
Properties on Market for Duplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own septic system and leach field.
Where is this duplex located?
The property is located at 154 Seaward Mills Road Vassalboro, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two units, built in 2002; Separate septic system and leach field for each unit; New family room and recently installed heat pumps
