Updated
New
For Sale
$625,000
204 W Valentine Street, Westbrook, ME 04092
Westbrook, ME
Property Size2,982 SF
Price / SF$209.59
Days on Market3
Property Features for 204 W Valentine Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
3
Full bathrooms
3
Standard status
Active
Size
2,982 SF
Building Details
Year built
1910
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
Listed By:
Trisha Lycette
(207) 782-8311
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
MLS# 1685016
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,982-square-foot triplex contains three apartments: two with two bedrooms and one with three bedrooms. Two units have been updated, and the property was built in 1910.
The building is at 204 W Valentine Street in Westbrook, Maine, with access to the Maine Turnpike and downtown Westbrook. Nearby shopping, dining, and surrounding communities are also noted in the property information.
The building is at 204 W Valentine Street in Westbrook, Maine, with access to the Maine Turnpike and downtown Westbrook. Nearby shopping, dining, and surrounding communities are also noted in the property information.
Key Highlights
- Three‑unit property with two 2‑bedroom units and one 3‑bedroom unit
- Two of the three units have been updated
- 2,982 square feet
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A two-bedroom and three-bedroom unit mix supports rental income or owner occupancy.
Where is this triplex located?
The property is located at 204 W Valentine Street 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‑unit property with two 2‑bedroom units and one 3‑bedroom unit; Two of the three units have been updated; 2,982 square feet
