Triplex with In-Ground
For Sale
$749,999
27 Bayview Street, Yarmouth, ME 04096
Three vacant apartments offer a mix of two-bedroom and one-bedroom layouts.
Property Size2,857 SF
Price / SF$262.51
Days on Market133
Property Features for 27 Bayview Street
General Information
Standard status
Active
Size
2,857 SF
Property subtype
Multi Family Home
Zoning
MDR
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,320
Amenities
in-ground pool
1st Floor Bedroom
Bathtub
Storage
Building Details
Building Size
2,857 SF
Year Built
1900
Buildings
1
Stories
2
Units
3
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Carrie Logan
(207) 615-7054
Source:
Amerorealty
Added: Jun 22
Changed: Oct 31
Last Checked: Oct 31 at 2:15PM
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 Vitalius Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 2,857-square-foot triplex has three apartments and is being delivered vacant. Two units have two bedrooms and one bathroom each; the third has one bedroom and one bathroom. The two-bedroom unit on the left spans parts of both floors and includes an eat-in kitchen, a sunken-level bedroom, an upper-level living room and second bedroom, and a private porch. The other apartments are located on the right side of the building, one on each floor. Zoning is MDR.
The property occupies a corner lot with two driveways, an in-ground pool, a one-bay garage, and a shed. It is near Yarmouth Village, shopping, and services, with access to I-295 and a 15-minute drive to Portland.
The property occupies a corner lot with two driveways, an in-ground pool, a one-bay garage, and a shed. It is near Yarmouth Village, shopping, and services, with access to I-295 and a 15-minute drive to Portland.
Key Highlights
- Three residential units: two 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath apartment
- 2,857 square feet; built in 1900
- MDR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,487
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,740
$1.0M
Cap Rate 7%
$721,243
$721.2K
Cap Rate 9%
$560,967
$561.0K
Market Conditions
NOI Build-Up for 2,857 SF
Gross rent
$77.1K $27.00/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$72.1K $25.25/SF
− OpEx
−$21.6K −$7.57/SF
NOI
$50.5K $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%
$1,009,740
Cap Rate 7%
$721,243
Cap Rate 9%
$560,967
Alternative Uses
Best Use
Multifamily LT 5
$721.2K
$631.1K – $841.5K
NOI $50,487 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$671.0K
$587.1K – $782.9K
NOI $46,971 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$785.2K
$687.1K – $916.1K
NOI $54,967 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 04096, ME
8,990
Population
3,625
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
99%
High-School Grad
13.4 sq mi
ZIP Area
671
Density / Sq Mi
$107,911
Median Household Income
$50,848
Median Earnings
$1,709
Median Rent
$572,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three vacant apartments offer a mix of two-bedroom and one-bedroom layouts.
Where is this triplex located?
The property is located at 27 Bayview Street Yarmouth, ME.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Three residential units: two 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath apartment; 2,857 square feet; built in 1900; MDR zoning
