Updated
For Sale
$625,000
Pending
204 W Valentine St, Westbrook, ME 04092
Two renovated residences add flexibility to a three-unit residential property.
Property Size2,982 SF
Days on Market15
Property Features for 204 W Valentine St
General Information
Standard status
Pending
Size
2,982 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 3BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1910
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 23
Changed: Oct 30
Last Checked: Nov 6 at 7:56AM
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 Kathy Gallant
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Investment Insights
Based on property information with market context.
This 1910 triplex contains three residences: two with two bedrooms each and one with three bedrooms. The property totals 2,982 square feet, and two of the units have been updated.
At 204 W Valentine St in Westbrook, the property is near the Maine Turnpike and downtown Westbrook. Shopping, dining, and surrounding communities are also accessible from this location.
At 204 W Valentine St in Westbrook, the property is near the Maine Turnpike and downtown Westbrook. Shopping, dining, and surrounding communities are also accessible from this location.
Key Highlights
- Three units: two two‑bedroom residences and one three‑bedroom residence
- 2,982 square feet across the property
- Two of the three units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,696
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,920
$1.1M
Cap Rate 7%
$752,800
$752.8K
Cap Rate 9%
$585,511
$585.5K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$80.5K $27.00/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$75.3K $25.25/SF
− OpEx
−$22.6K −$7.57/SF
NOI
$52.7K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,920
Cap Rate 7%
$752,800
Cap Rate 9%
$585,511
Alternative Uses
Best Use
Multifamily LT 5
$752.8K
$658.7K – $878.3K
NOI $52,696 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$700.4K
$612.8K – $817.1K
NOI $49,026 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$819.6K
$717.2K – $956.2K
NOI $57,372 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Cumberland County, ME
Properties on Market for Triplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two renovated residences add flexibility to a three-unit residential property.
Where is this triplex located?
The property is located at 204 W Valentine St Westbrook, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three units: two two‑bedroom residences and one three‑bedroom residence; 2,982 square feet across the property; Two of the three units have been updated
