3-Unit Triplex with Updated
For Sale
$806,000
39 Rochester Street, Westbrook, ME 04092
Fresh paint, new carpeting, and refinished hardwood floors complement a newer roof and off-street parking.
Property Size4,168 SF
Price / SF$193.38
Days on Market165
Property Features for 39 Rochester Street
General Information
Standard status
Active
Size
4,168 SF
Property subtype
Multi Family Home
Zoning
11
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,746
Building Details
Building Size
4,168 SF
Year Built
1890
Stories
3
Units
3
Listing Agency:
Portside Real Estate Group
(207) 619-7571
Listed By:
Veronica Schneider
(207) 838-4034
Source:
Amerorealty
Added: May 12
Changed: Oct 22
Last Checked: Oct 22 at 2:19PM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
This 4,168-square-foot triplex at 39 Rochester Street contains three units in a building constructed in 1890. Interior work includes fresh paint, new carpeting, and refinished hardwood floors in some areas. The property also has a newer roof, off-street parking, and handicap accessibility. Zoning is listed as 11.
The property is in Westbrook, with shopping, restaurants, and major commuter routes described as nearby.
The property is in Westbrook, with shopping, restaurants, and major commuter routes described as nearby.
Key Highlights
- Three‑unit property with 4,168 square feet
- Built in 1890
- Freshly painted interiors, new carpeting, and refinished hardwood floors in some areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,655
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,100
$1.5M
Cap Rate 7%
$1,052,214
$1.1M
Cap Rate 9%
$818,389
$818.4K
Market Conditions
NOI Build-Up for 4,168 SF
Gross rent
$112.5K $27.00/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$105.2K $25.25/SF
− OpEx
−$31.6K −$7.57/SF
NOI
$73.7K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,100
Cap Rate 7%
$1,052,214
Cap Rate 9%
$818,389
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.7K – $1.23M
NOI $73,655 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$978.9K
$856.6K – $1.14M
NOI $68,524 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,190 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
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Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fresh paint, new carpeting, and refinished hardwood floors complement a newer roof and off-street parking.
Where is this triplex located?
The property is located at 39 Rochester Street Westbrook, ME.
What is the asking price?
The asking price for this property is $806,000.
What are key features of this property?
This property features: Three‑unit property with 4,168 square feet; Built in 1890; Freshly painted interiors, new carpeting, and refinished hardwood floors in some areas
