Mixed-Use Property with
For Sale
$450,000
4 Parsonage Road, North Yarmouth, ME 04097
Multi-Family, North Yarmouth, ME
Property Size3,168 SF
Lot Size0.75 Acres
Price / SF$142.05
Days on Market92
Property Features for 4 Parsonage Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Village Center
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Parking features
Heated
Basement
Partial
Lot features
Level, Near Shopping
Standard status
Active
Size
3,168 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5937
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1945
Floors in Building
2
Number of units
1
Flooring type
Wood, Laminate, Concrete
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle, Metal
Architectural style
Colonial
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Brett Davis
(207) 865-9919
Added: Jul 16
Changed: Oct 8
Last Checked: Oct 15 at 11:06PM
MLS# 1650782
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.
Built in 1945, this Colonial-style mixed-use property contains 3,168 square feet on a 0.75-acre corner parcel. The second floor includes a two-bedroom, one-bath apartment, while the ground level offers a half bath, office space, and more than 1,000 square feet of usable area. The building is currently configured for workshop and garage use, with wood-frame construction, vinyl and wood siding, and a combination metal and shingle roof.
Village Center zoning supports the property’s mixed residential and commercial character. Public water serves the building, while wastewater is handled through a private sewer and septic tank. Heated parking is included. The property is located at 4 Parsonage Road in North Yarmouth, and any proposed uses or additional rental units should be reviewed with the town for permitting requirements.
Village Center zoning supports the property’s mixed residential and commercial character. Public water serves the building, while wastewater is handled through a private sewer and septic tank. Heated parking is included. The property is located at 4 Parsonage Road in North Yarmouth, and any proposed uses or additional rental units should be reviewed with the town for permitting requirements.
Key Highlights
- 3,168‑square‑foot mixed‑use building on 0.75 acres
- Second‑floor two‑bedroom, one‑bath apartment
- More than 1,000 square feet of usable ground‑level area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,347
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,940
$786.9K
Cap Rate 7%
$562,100
$562.1K
Cap Rate 9%
$437,189
$437.2K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$68.4K $21.60/SF
− Vacancy
−$5.5K −$1.73/SF
EGI
$63.0K $19.87/SF
− OpEx
−$23.6K −$7.45/SF
NOI
$39.3K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,940
Cap Rate 7%
$562,100
Cap Rate 9%
$437,189
Alternative Uses
Best Use
Mixed Use
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$870.7K
$761.9K – $1.02M
NOI $60,951 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 04097, ME
4,072
Population
1,596
Households
2.6
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
192
Density / Sq Mi
$119,813
Median Household Income
$56,215
Median Earnings
$1,615
Median Rent
$480,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Colonial building combining residential and commercial areas with Village Center zoning and heated parking.
Where is this mixed-use property located?
The property is located at 4 Parsonage Road North Yarmouth, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,168‑square‑foot mixed‑use building on 0.75 acres; Second‑floor two‑bedroom, one‑bath apartment; More than 1,000 square feet of usable ground‑level area
