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    Four-Unit Residential Income Property Title is generated by Realmo AI

    20 Wheeler Street Unit 4, Livermore Falls, ME 04254

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    For Sale
    $220,000

    Well-maintained four-unit multifamily with all units rented and convenient access to in-town amenities.

    Type:Multi-Family
    Property size:
    2,480 SF
    Price / SF:
    $88/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:19 am

    Property Features for 20 Wheeler Street Unit 4

    General Information

    Standard status
    Active
    Size
    2,480 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Renee Targett

    Listing agent Renee Targett

    Listing office Kre Brokerage Group

    Listing date Jun 3, 2026

    Source Compass

    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 Kre Brokerage Group

    HighLights

    • 4‑unit multifamily property with all units fully rented
    • Very good rental history reported for the fully rented 4‑unit building
    • Close to in‑town amenities with easy access to Route 133
    • Metal roof; wood frame with vinyl siding
    • Porch included; exterior basement entry (exterior only)
    • Heating includes oil with baseboard/hot water and zoned system; unassessed cooling (none reported)

    Overview

    This property is a four-unit residential income building. All units are currently rented, and the seller notes a very good rental history. The configuration includes Unit #1 through Unit #4, and the reported rent for Unit #1 is under market.

    The building is located close to in-town amenities and offers easy access to Route 133, supporting day-to-day convenience for tenants. The asset is offered for sale as a multi-family investment property.

    For investors or buyers seeking a small residential income asset, the fully leased status provides immediate rental occupancy. Unit-level rent detail is available for at least Unit #1, and the property’s described rental track record may appeal to buyers who prioritize steady, tenant-supported cash flow in a four-unit format. Prospective purchasers should review current lease terms and income details as part of their underwriting.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Livermore Falls
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.1864789
    Latitude
    44.4758166

    Nearby Similar for Sale

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      Livermore Falls Multifamily Investment Opportunity

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      View Details
    • $220,000
      2,480 SF

      Four-Unit Quadplex Investment Property

      Four-unit quadplex offered for sale; all units are currently rented with an established rental history.
      20 Wheeler Street, Livermore Falls, ME 04254
      View Details
    • $325,000
      3,900 SF

      Livermore Falls Multi-Unit Investment Property

      Well-maintained 3-unit property in Livermore Falls, Maine.
      47 Knapp Street, Livermore Falls, ME 04254
      View Details
    • $250,000
      2,018 SF

      Two-Unit Commercial Building on Main

      Two-unit commercial building with investment potential in downtown Livermore Falls.
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    • $375,000
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      Four-Unit Income Property

      Four-unit rental property near town, offering income potential.
      85-87 Church Street, Livermore Falls, ME 04254
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit multifamily with all units rented and convenient access to in-town amenities.
    Where is this quadplex located?
    The property is located at 20 Wheeler Street Unit 4 Livermore Falls, ME.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 4‑unit multifamily property with all units fully rented; Very good rental history reported for the fully rented 4‑unit building; Close to in‑town amenities with easy access to Route 133
    (207) 781-2958
    We can help!
    Listing Contact
    Renee Targett
    Learn More
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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.

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    20 Wheeler Street, Unit 4, Livermore Falls, ME 04254
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