Fourplex Residential Income
1646 Branch Road Wells, ME 04090
1646 Branch Road, Wells, ME, 04090
$849,999
For Sale
$849,999
Four-unit rental property with two-bedroom, one-bath units and mixed kerosene and propane heating systems.
Property Size3,168 SF
Price / SF$268.31
Days on Market140
Property Features for 1646 Branch Road
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1974
Listing agency
River's Edge Realty LLC
(207) 701-1530
Listed by
Jayson Kuhn
(207) 701-1530
Source
Compass
Added: Mar 4 Updated: Jul 22 at 6:37AM Checked: Jul 22 at 6:37AM
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 River's Edge Realty LLC
Investment Insights
Based on property information with market context.
This fourplex offers four residential units, each configured with two bedrooms and one full bath. Heating is split between units: Units A and B use kerosene monitor heaters, while Units C and D have newer Rinnai propane heaters. One unit will be delivered vacant at closing.
The property is located at 1646 Branch Road in Wells, Maine. Public remarks indicate proximity to area beaches, shopping, and commuter routes.
As presented, the asset is a four-unit residential income property with a combination of heating equipment and an availability component at closing that can support immediate occupancy planning.
The property is located at 1646 Branch Road in Wells, Maine. Public remarks indicate proximity to area beaches, shopping, and commuter routes.
As presented, the asset is a four-unit residential income property with a combination of heating equipment and an availability component at closing that can support immediate occupancy planning.
Key Highlights
- Four‑unit rental property built in 1974 in Wells, Maine
- Four units with 2 bedrooms and 1 full bath each
- Mixed heating: Units A & B use kerosene monitor heaters; Units C & D use newer Rinnai propane heaters
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 | $80.6k | $25.44 |
| − Vacancy | −$4.0k | −$1.26 |
| EGI | $76.6k | $24.18 |
| − OpEx | −$23.0k | −$7.25 |
| NOI | $53.6k | $16.93 |
3,168 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$699.4K
$612.0K – $816.0K
NOI $48,959 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.00M
$878.7K – $1.17M
NOI $70,297 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit rental property with two-bedroom, one-bath units and mixed kerosene and propane heating systems.
Where is this quadplex located?
The property is located at 1646 Branch Road Wells, ME.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Four‑unit rental property built in 1974 in Wells, Maine; Four units with 2 bedrooms and 1 full bath each; Mixed heating: Units A & B use kerosene monitor heaters; Units C & D use newer Rinnai propane heaters
