Triplex with
For Sale
$1,200,000
25 Falmouth Road, Falmouth, ME 04105
Multi-Family, Falmouth, ME
Property Size4,142 SF
Lot Size4.90 Acres
Price / SF$289.72
Days on Market8
Property Features for 25 Falmouth Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Basement, Bathroom 3
Parking features
Off Street
Patio and Porch features
Deck, Porch
Interior features
Walk-in Closets, 1st Floor Bedroom, Bathtub, Shower, Storage
Basement
Dirt Floor, Partial, Unfinished
Appliances
ENERGY STAR Qualified Appliances
Lot features
Near Country Club, Rolling/ Sloping, Wooded, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Suburban, Near Public Transit
Standard status
Active
Size
4,142 SF
Lot size
4.90 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10285
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Oil, Hot Water(Heating), Zoned, Baseboard, Forced Air, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Wood, Tile
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Composition, Shingle
Architectural style
Bungalow
Additional Structures
Storage
Listing Agency:
Kre Brokerage Group
(207) 781-2958
Listed By:
Michael Jacobson
(207) 749-0270
Added: Sep 30
Last Checked: Oct 7 at 5:06AM
MLS# 1682347
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1970, this 4,142-square-foot bungalow-style triplex has three units and a porch and deck. Interior features include storage, walk-in closets, and first-floor bedrooms. Heating options include hot water, baseboard, forced air, and heat pumps; heat pump cooling is also listed. The property has off-street parking, public water, and public sewer, and is zoned RB.
The property is being offered as one parcel despite currently comprising two separate parcels. All units are at rental turnover and are being marketed for rent. A private way for a single-family dwelling has been approved, subject to conversion of the three-unit property to a single-family residence. Buyers should verify applicable approvals and options for their intended plans.
The property is being offered as one parcel despite currently comprising two separate parcels. All units are at rental turnover and are being marketed for rent. A private way for a single-family dwelling has been approved, subject to conversion of the three-unit property to a single-family residence. Buyers should verify applicable approvals and options for their intended plans.
Key Highlights
- Three‑unit bungalow‑style property built in 1970
- 4,142 square feet of building area
- Zoned RB
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,195
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,900
$1.5M
Cap Rate 7%
$1,045,643
$1.0M
Cap Rate 9%
$813,278
$813.3K
Market Conditions
NOI Build-Up for 4,142 SF
Gross rent
$111.8K $27.00/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$104.6K $25.25/SF
− OpEx
−$31.4K −$7.57/SF
NOI
$73.2K $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%
$1,463,900
Cap Rate 7%
$1,045,643
Cap Rate 9%
$813,278
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$914.9K – $1.22M
NOI $73,195 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$972.8K
$851.2K – $1.13M
NOI $68,097 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.14M
$996.1K – $1.33M
NOI $79,690 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 04105, ME
12,406
Population
5,332
Households
2.3
Avg Household Size
48
Median Age
70%
College-Educated
98%
High-School Grad
29.3 sq mi
ZIP Area
423
Density / Sq Mi
$131,833
Median Household Income
$69,303
Median Earnings
$2,070
Median Rent
$669,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with public water and sewer, currently experiencing rental turnover.
Where is this triplex located?
The property is located at 25 Falmouth Road Falmouth, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑unit bungalow‑style property built in 1970; 4,142 square feet of building area; Zoned RB
