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Six-Unit Apartment Property
For Sale
$325,000

3-5 Elm Street, Caribou, ME 04736

Three residential buildings include private entrances and a mix of one-, two-, and three-bedroom rentals.

Property Size3,968 SF
Price / SF$81.91
Days on Market65

Property Features for 3-5 Elm Street

General Information

Standard status Active
Size 3,968 SF
Property subtype Multi-Family
Zoning Residential
Occupancy 100%

Units

Unit Mix 1BR, 2BR, 3BR
Multifamily Units 6

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,810

Amenities

large backyard
storage sheds
Oil, Baseboard, Forced Air, Hot Water
Interior Entry, Crawl Space, Full, Unfinished
Vinyl, Hardwood, Linoleum
1st Floor Bedroom, Main Level, Storage, Walk-in Closets
No
Yes
6
Main Level
1st Floor Bedroom, Storage, Walk-in Closet(s)
6.0
Deck, Porch
Metal, Shingle

Building Details

Year Built 1900
Buildings 3
Listing Agency: Keller Williams Realty
Listed By: Jessica Cyr · License #SA929055
Source: Compass
Added: Aug 30 Changed: Nov 1 Last Checked: Nov 1 at 3:36PM

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 Keller Williams Realty

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property consists of three buildings with a combined 3,968 square feet. The unit mix includes one-, two-, and three-bedroom layouts, each with a private entrance. The site also has two garages, three storage sheds, a large backyard, and off-street parking. One garage has storage above. Built in 1900, the property has seen updates to roofing, electrical systems, and select unit interiors, including flooring, kitchens, bathrooms, and paint.

The property is in Caribou, within walking distance of shopping, recreation, and the Aroostook River, with access to Presque Isle and nearby communities. Residential zoning is listed for the property.

Key Highlights

  • Three buildings with six rental units totaling 3,968 square feet
  • Unit mix includes one-, two-, and three‑bedroom layouts, each with a private entrance
  • Two garages, including a one‑car garage with storage above and a two‑car garage

Property Analytics

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 04736, ME

9,033
Population
4,719
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
93%
High-School Grad
157.3 sq mi
ZIP Area
57
Density / Sq Mi
$56,189
Median Household Income
$42,840
Median Earnings
$696
Median Rent
$125,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three residential buildings include private entrances and a mix of one-, two-, and three-bedroom rentals.
Where is this apartment building located?
The property is located at 3-5 Elm Street Caribou, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three buildings with six rental units totaling 3,968 square feet; Unit mix includes one-, two-, and three‑bedroom layouts, each with a private entrance; Two garages, including a one‑car garage with storage above and a two‑car garage
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