Well-Maintained Two-Unit
154 Seaward Mills Road Vassalboro, ME 04989
154 Seaward Mills Road, Vassalboro, ME, 04989
$595,000
For Sale
$595,000
Two-unit property with updates, convenient location, and investment potential.
Property Size4,000 SF
Price / SF$148.75
Days on Market270
Property Features for 154 Seaward Mills Road
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2002
Listing Agency
Keller Williams Realty
(207) 873-9013
Listed by
Francois Rodrigue
(207) 873-9013
Source
Compass
Added: Oct 20, 2025 Checked: Jul 15 at 9:25 pm
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
Investment Insights
Based on property information with market context.
This well-maintained two-unit property is situated in a peaceful rural setting. The property features recent updates, including a new family room and fresh interior paint in several areas. Newly installed heat pumps are also present. Each unit is equipped with its own septic system and leach field. A paved driveway and a garage provide parking and storage space. The location allows for an easy commute to both Waterville and Augusta. The property offers flexibility and comfort for additional living space or investment purposes. The property size is 4000 square feet.
Key Highlights
- Two‑unit property offering flexibility for extended living or investment.
- Recent updates including a new family room, fresh paint, and newly installed heat pumps.
- Each unit has its own septic system and leach field.
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 |
4,000 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with updates, convenient location, and investment potential.
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‑unit property offering flexibility for extended living or investment.; Recent updates including a **new family room, fresh paint, and newly installed heat pumps.**; Each unit has its own septic system and leach field.
