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Triplex with Potential Additional Unit
For Sale
$285,000

22 Mountain View Avenue, Hiram, ME 04041

Occupied triplex on a 1.3-acre lot with unfinished space that may be finished to create an additional unit.

Property Size3,480 SF
Lot Size1.30 Acres
Price / SF$81.90
Days on Market111

Property Features for 22 Mountain View Avenue

General Information

Standard status Active
Size 3,480 SF
Lot size 1.30 Acres
Property subtype Multi-family

Building Details

Year Built 1960
Tenancy Multi
Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group
Listed By: Mark Moody
Source: Profoundrealestate
Added: Apr 24 Changed: Aug 11 Last Checked: Aug 11 at 10:04AM

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 Better Homes & Gardens Real Estate/The Masiello Group

Investment Insights

Based on property information with market context.

Triplex offering three occupied units and income producing in-place. The property sits on a 1.3-acre lot and includes unfinished and not-yet-remodeled space where the structure can be seen, providing an opportunity to finish and create additional unit space beyond the current setup.

Built in 1960, the building is 3,480 SF and includes room to evaluate what can be completed to support additional residential use. The property is presented for sale at 22 Mountain View Avenue, Hiram, ME 04041.

For buyers looking for a multi-unit residential asset, this configuration combines existing occupancy with visible interior areas that may require finishing work to increase unit count.

Key Highlights

  • Three occupied units in an income‑producing triplex
  • 1.3‑acre lot with potential for expansion beyond the current units
  • Unfinished, not yet remodeled space that may be finished for additional unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Bakery Skin Care Clinic Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

Demographics for 04041, ME

1,609
Population
874
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
93%
High-School Grad
38.0 sq mi
ZIP Area
42
Density / Sq Mi
$62,500
Median Household Income
$43,780
Median Earnings
$1,059
Median Rent
$212,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Occupied triplex on a 1.3-acre lot with unfinished space that may be finished to create an additional unit.
Where is this triplex located?
The property is located at 22 Mountain View Avenue Hiram, ME.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three occupied units in an income‑producing triplex; 1.3‑acre lot with potential for expansion beyond the current units; Unfinished, not yet remodeled space that may be finished for additional unit
More about this property
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