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Six-Unit Apartment Building Package
New
For Sale
$399,000

35 3 & 5 Elm St, Caribou, ME 04736

Fully occupied multifamily property with varied unit sizes, private entrances, garages, and off-street parking.

Property Size3,968 SF
Price / SF$100.55
Days on Market5

Property Features for 35 3 & 5 Elm St

General Information

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

Additional Details

Multifamily Units 6

Amenities

large backyard
storage sheds

Building Details

Year Built 1900
Buildings 3
Listing Agency: Keller Williams Realty
Listed By: Jessica Cyr · License #SA929055
Source: Aroostookrealestate
Added: Sep 22 Changed: Sep 23 Last Checked: Sep 24 at 3:15PM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This offering combines 3 multifamily buildings containing 6 rental units, all conveyed together. The unit mix includes one-, two-, and three-bedroom residences, with private entrances for each unit. Improvements include updated roofing and electrical work, along with select interior renovations such as flooring, kitchen and bathroom upgrades, and fresh paint. The property dates to 1900 and includes 2 garages, including a 1-car garage with storage above and a separate 2-car garage, plus 3 storage sheds.

The property is fully occupied and provides a large backyard with ample off-street parking. Located at 35 3 & 5 Elm St in Caribou, the buildings are within walking distance of shopping, recreation, and the Aroostook River. The location also provides access to Presque Isle and surrounding communities.

Key Highlights

  • 3 multifamily buildings with 6 rental units sold together
  • Mix of one-, two-, and three‑bedroom apartments
  • Private entrance for every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Building Supply Electrical Service Big Box & Wholesale Store

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with varied unit sizes, private entrances, garages, and off-street parking.
Where is this apartment building located?
The property is located at 35 3 & 5 Elm St Caribou, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3 multifamily buildings with 6 rental units sold together; Mix of one-, two-, and three‑bedroom apartments; Private entrance for every unit
More about this property
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