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Six-Unit Multifamily Property
For Sale
$325,000

3 & 5 Elm Street, Caribou, ME 04736

Multi-Family, Caribou, ME

Property Size3,968 SF
Lot Size0.75 Acres
Price / SF$81.91
Days on Market48

Property Features for 3 & 5 Elm Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning Residential
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 4
Patio and Porch features Deck, Porch
Interior features Walk-in Closets, 1st Floor Bedroom, Storage
Basement Full, Crawl Space, Unfinished
Lot features Open, Intown, Near Shopping, Neighborhood
Standard status Active
Size 3,968 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7810

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Oil, Baseboard, Forced Air
Water source Public

Amenities

large backyard
off-street parking
garages
storage sheds

Building Details

Year built 1900
Number of units 6
Flooring type Linoleum, Hardwood, Vinyl
Building materials Wood Frame, Vinyl Siding
Roof type Shingle, Metal
Architectural style Ranch
Additional Structures Storage
Listing Agency: Keller Williams Realty
Listed By: Jessica Cyr · License #SA929055
Added: Sep 1 Changed: Oct 15 Last Checked: Oct 18 at 1:06AM
MLS# 1678596

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.

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Investment Insights

Based on property information with market context.

This residential multifamily offering combines three buildings with six rental units across 3,968 square feet. The unit mix includes one-, two-, and three-bedroom layouts, with private entrances serving each residence. Improvements include updated roofing and electrical work, along with select interior renovations such as flooring, kitchen and bathroom upgrades, and fresh paint.

The 0.75-acre property also includes two garages, three storage sheds, a large backyard, and ample off-street parking. One garage provides one vehicle bay with storage above, while the second accommodates two vehicles. Public water and public sewer serve the property, which carries Residential zoning.

The in-town setting places shopping, recreation, and the Aroostook River within walking distance, with access to Presque Isle and nearby communities. The property is fully occupied and may suit portfolio expansion or an owner-occupied investment strategy.

Key Highlights

  • Three multifamily buildings with six rental units
  • One-, two-, and three‑bedroom units, each with a private entrance
  • 3,968 square feet on 0.75 acres

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Building Supply Electrical Service

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Fully occupied residential property with private-entry units, garages, storage, and off-street parking.
Where is this multifamily property 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 multifamily buildings with six rental units; One-, two-, and three‑bedroom units, each with a private entrance; 3,968 square feet on 0.75 acres
More about this property
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