154 Seaward Mills Road Vassalboro, ME 04989
MULTI_FAMILY - Split Level - Vassalboro, ME
Property Features for 154 Seaward Mills Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rural
- Bathrooms
- 4
- Rooms
- Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bathroom 4
- Patio and Porch features
- Deck
- Interior features
- In-Law Apartment, 1st Floor Bedroom, Shower
- Basement
- Finished, Daylight, Full, Walk-Out Access
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 4.64 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4919
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Oil, Electric (Heating), Baseboard, Heat Pump (Heating), Natural Gas, Other (Heating), Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Well, Private
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Tile, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Split Level
Listing agent Francois Rodrigue (207) 873-9013
Listing office Keller Williams Realty 23 Water Street Ste 402, Portland, ME (207) 879-9800
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
Set in a peaceful rural setting, the property is located with an easy commute to both Waterville and Augusta. The two-unit configuration can support flexible living arrangements or rental use.
The home’s split-level layout provides two separate units within a single property, with individual septic infrastructure and heat pump systems.
Key Highlights
- Well‑maintained 2‑unit split‑level home built in 2002 with wood‑frame and vinyl siding construction
- Each unit has its own septic system and leach field
- New heat pumps installed, plus multiple heating sources including oil and natural gas
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 | $64.8k | $16.20 |
| − Vacancy | −$985 | −$0.25 |
| EGI | $63.8k | $15.95 |
| − OpEx | −$19.1k | −$4.79 |
| NOI | $44.7k | $11.17 |
