4-Unit Apartment
For Sale
$329,000
336 Main Street, Corinth, ME 04427
Two two-bedroom and two one-bedroom units share centralized oil heat, private water and sewer, and recently added solar panels.
Property Size1,300 SF
Price / SF$253.08
Days on Market294
Property Features for 336 Main Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
solar panels
Building Details
Year Built
1908
Buildings
1
Tenancy
Multi
Listing Agency:
NextHome Experience
Listed By:
Shirley Wright · License #SA929084,PersonLicenseNumber
(207) 343-2157
Source:
Profoundrealestate
Added: Jan 17
Changed: Nov 5
Last Checked: Nov 4 at 4:45PM
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 NextHome Experience
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Investment Insights
Based on property information with market context.
Located at 336 Main Street in Corinth, Maine, this four-unit apartment building was built in 1908 and includes two two-bedroom units and two one-bedroom units. The property has a single oil-fired furnace serving the building, along with private water and sewer. Recent upgrades and newly added solar panels complement the existing improvements.
The building offers direct road access on Main Street and is positioned between Bangor and Dover-Foxcroft, with access to surrounding towns. Its practical unit mix and centralized systems provide a straightforward configuration for a multifamily owner.
The building offers direct road access on Main Street and is positioned between Bangor and Dover-Foxcroft, with access to surrounding towns. Its practical unit mix and centralized systems provide a straightforward configuration for a multifamily owner.
Key Highlights
- Four‑unit apartment building with two two‑bedroom units and two one‑bedroom units
- Built in 1908 with several recent upgrades
- Single oil‑fired furnace provides centralized heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,914
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,280
$238.3K
Cap Rate 7%
$170,200
$170.2K
Cap Rate 9%
$132,378
$132.4K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$17.9K $13.80/SF
− Vacancy
−$920 −$0.71/SF
EGI
$17.0K $13.09/SF
− OpEx
−$5.1K −$3.93/SF
NOI
$11.9K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,280
Cap Rate 7%
$170,200
Cap Rate 9%
$132,378
Alternative Uses
Best Use
Multifamily LT 5
$170.2K
$148.9K – $198.6K
NOI $11,914 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$156.5K
$137.0K – $182.6K
NOI $10,958 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$419.9K
$367.4K – $489.8K
NOI $29,390 @ 7.0% cap · market cap 8.93%
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
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
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Business Placement
Demographics for 04427, ME
2,900
Population
1,288
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
94%
High-School Grad
40.3 sq mi
ZIP Area
72
Density / Sq Mi
$60,612
Median Household Income
$40,776
Median Earnings
$773
Median Rent
$123,500
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two two-bedroom and two one-bedroom units share centralized oil heat, private water and sewer, and recently added solar panels.
Where is this quadplex located?
The property is located at 336 Main Street Corinth, ME.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Four‑unit apartment building with two two‑bedroom units and two one‑bedroom units; Built in 1908 with several recent upgrades; Single oil‑fired furnace provides centralized heat
