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    Colonial with Two ADUs Title is generated by Realmo AI

    160 Brackett Hill Road, Alfred, ME 04002

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    For Sale
    $775,000

    MULTI_FAMILY - Colonial - Alfred, ME

    Property size:
    2,720 SF
    Lot size:
    15.93 Acres
    Price / SF:
    $284/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for 160 Brackett Hill Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Bathrooms
    3
    Rooms
    Basement, Bathroom 3, Bathroom 2, Bathroom 1
    Parking features
    Off Street, Underground/Basement, Open
    Patio and Porch features
    Porch, Deck
    Interior features
    Walk-in Closets, In-Law Apartment, 1st Floor Bedroom, Attic, Storage
    Basement
    Full, Walk-Out Access, Daylight, Unfinished
    Standard status
    Active
    Size
    2,720 SF
    Lot size
    15.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5300

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Electric (Heating), Forced Air, Zoned, Oil, Baseboard, Kerosene, Heat Pump (Heating), Hot Water(Heating)
    Cooling system
    Window Unit(s), Heat Pump
    Water source
    Private, Well
    Water front features
    Stream
    Water front
    1

    Building Details

    Year built
    2001
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Vinyl, Tile
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Colonial
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Robert Coles Jr.
    Robert Coles Jr.

    Listing agent Robert Coles Jr. License #BR913240

    Listing office RE/MAX Realty One 439 US Route One, York, ME

    Listing date Jun 4, 2026

    MLS# 1664686 Listing URL

    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.

    HighLights

    • 15.93‑acre private enclave at 160 Brackett Hill Road with stream waterfront feature
    • Colonial home built in 2001 featuring 3 bedrooms and 1.5 bathrooms plus multiple storage areas
    • Two 1‑bedroom, 1‑bath ADUs for additional income potential, each with its own setup included
    • Two separate generators powering the house and the ADUs
    • Two decks and a three‑season porch, plus an outdoor fire pit for outdoor living
    • Private well water and private sewer with septic tank

    Overview

    This residential offering includes a main 3-bedroom, 1.5-bath colonial with a three-season porch, hardwood and LVP flooring, and a two-story wood-burning stone fireplace. The home features comfortable living and dining areas, a spacious and efficient kitchen, and a two-car garage located underneath with basement storage. Two separate generators are included to power the house as well as the attached ADUs. For outdoor living, there is an outdoor fire pit and two decks overlooking the property.

    The property sits on 15.93 acres at 160 Brackett Hill Road in Alfred, ME 04002, within a residential zoning designation. The private enclave setting is emphasized, supported by the large lot size and the presence of multiple outdoor gathering areas.

    For buyers seeking a flexible residential setup, the two 1-bedroom, 1-bath ADUs provide an additional option for extra income, if necessary, alongside the main home’s larger layout. With multiple power sources and ample storage, the configuration can support both owner-occupancy and multi-unit living on one parcel within a single residential property.

    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 $69.2k $25.44
    − Vacancy −$3.4k −$1.26
    EGI $65.8k $24.18
    − OpEx −$19.7k −$7.25
    NOI $46.0k $16.93
    2,720 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $657.8K
    $575.6K – $767.4K (±1% cap)
    NOI $46,045 @ 7.0% cap · market cap 5.94%
    Second Best
    Apartment 5plus
    $600.5K
    $525.5K – $700.6K (±1% cap)
    NOI $42,036 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    Office A
    $862.2K
    $754.5K – $1.01M (±1% cap)
    NOI $60,356 @ 7.0% cap · market cap 7.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Kitchen & Bath Showroom Grocery & Convenience Store Furniture & Home Goods Daycare Center Computer & Electronic Repair Plumbing Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alfred
    County
    York
    State
    Maine
    Longitude
    -70.730103
    Latitude
    43.486631

    FAQs

    What type of property is this?
    Triplex - Three-bedroom colonial plus two 1-bedroom ADUs on a private 15.93-acre residential property.
    Where is this triplex located?
    The property is located at 160 Brackett Hill Road Alfred, ME.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 15.93‑acre private enclave at 160 Brackett Hill Road with stream waterfront feature; Colonial home built in 2001 featuring 3 bedrooms and 1.5 bathrooms plus multiple storage areas; Two 1‑bedroom, 1‑bath ADUs for additional income potential, each with its own setup included
    (207) 604-0577
    We can help!
    Listing Contact
    Robert Coles Jr.
    Robert Coles Jr.
    Real Estate License ID: BR913240
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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