Multifamily Property with Private
For Sale
$440,000
23 Mousam Street, Sanford, ME 04083
Two residential units each include in-unit laundry and a dedicated driveway.
Property Size2,170 SF
Price / SF$202.76
Days on Market173
Property Features for 23 Mousam Street
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Multi Family Home
Zoning
UB
Taxes and HOA fees
Annual Taxes
$4,208
Amenities
in-unit laundry
private driveway
Building Details
Building Size
2,170 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Town Square Realty Group
(207) 324-2860
Listed By:
Stephen Cabana
(207) 608-8879
Source:
Amerorealty
Added: May 13
Changed: Oct 31
Last Checked: Oct 31 at 2:22PM
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 Town Square Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,170-square-foot multifamily property in Springvale Village contains two units, each with its own laundry and private driveway. Built in 1920, the building is zoned UB.
The property is on Mousam Street in Sanford, with access to major travel routes. Schools, banks, restaurants, a post office, and stores are nearby.
The property is on Mousam Street in Sanford, with access to major travel routes. Schools, banks, restaurants, a post office, and stores are nearby.
Key Highlights
- 2,170‑square‑foot multifamily property
- Two units, each with in‑unit laundry
- Private driveway for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,536
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,720
$670.7K
Cap Rate 7%
$479,086
$479.1K
Cap Rate 9%
$372,622
$372.6K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$64.3K $29.64/SF
− Vacancy
−$3.3K −$1.54/SF
EGI
$61.0K $28.10/SF
− OpEx
−$27.4K −$12.64/SF
NOI
$33.5K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,720
Cap Rate 7%
$479,086
Cap Rate 9%
$372,622
Alternative Uses
Best Use
Apartment 5plus
$479.1K
$419.2K – $558.9K
NOI $33,536 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.9K
$601.9K – $802.5K
NOI $48,152 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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Business Placement
Demographics for 04083, ME
4,699
Population
2,202
Households
2.1
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
470
Density / Sq Mi
$81,299
Median Household Income
$52,832
Median Earnings
$1,210
Median Rent
$249,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential units each include in-unit laundry and a dedicated driveway.
Where is this multifamily property located?
The property is located at 23 Mousam Street Sanford, ME.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,170‑square‑foot multifamily property; Two units, each with in‑unit laundry; Private driveway for each unit
