Triplex with Attached
3 Janabye Lane, Hallowell, ME 04347
For Sale
$625,000
Three refreshed residences and RF zoning define this multi-unit property in a rural setting.
Property Size3,840 SF
Price / SF$162.76
Days on Market160
Property Features for 3 Janabye Lane
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Khristian Potter · License ME SA920661
(860) 304-1874
Source:
Integrityhomesrealestategroup
Added: Jun 5
Changed: Nov 11
Last Checked: Nov 11 at 2:20AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1991, this 3,840-square-foot triplex contains three updated units. Attached garage space provides 4+ bays, with additional storage on site. The property is zoned RF.
Set in a rural area, the property is minutes from downtown Hallowell. Augusta is a 10-minute drive, while Portland is approximately 45 minutes away. Downtown Hallowell offers shops, restaurants, art galleries, and riverfront scenery.
Set in a rural area, the property is minutes from downtown Hallowell. Augusta is a 10-minute drive, while Portland is approximately 45 minutes away. Downtown Hallowell offers shops, restaurants, art galleries, and riverfront scenery.
Key Highlights
- Three updated residential units in a 3,840‑square‑foot triplex
- 4+ attached garage bays and additional storage
- Built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,884
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,680
$857.7K
Cap Rate 7%
$612,629
$612.6K
Cap Rate 9%
$476,489
$476.5K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$62.2K $16.20/SF
− Vacancy
−$946 −$0.25/SF
EGI
$61.3K $15.95/SF
− OpEx
−$18.4K −$4.79/SF
NOI
$42.9K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,680
Cap Rate 7%
$612,629
Cap Rate 9%
$476,489
Alternative Uses
Best Use
Multifamily LT 5
$612.6K
$536.1K – $714.7K
NOI $42,884 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.09M
$955.0K – $1.27M
NOI $76,397 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 04347, ME
2,570
Population
1,436
Households
1.8
Avg Household Size
51
Median Age
46%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
436
Density / Sq Mi
$58,811
Median Household Income
$37,027
Median Earnings
$830
Median Rent
$266,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Kennebec County, ME
Properties on Market for Triplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed residences and RF zoning define this multi-unit property in a rural setting.
Where is this triplex located?
The property is located at 3 Janabye Lane Hallowell, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three updated residential units in a 3,840‑square‑foot triplex; 4+ attached garage bays and additional storage; Built in 1991
