Mixed-Use Village Center
4 Parsonage Road North Yarmouth, ME 04097
New
4 Parsonage Road, North Yarmouth, ME, 04097
$549,000
For Sale
$549,000
MULTI_FAMILY - Colonial - North Yarmouth, ME
Property Size3,168 SF
Lot Size0.75 Acres
Price / SF$173.30
Days on Market1
Property Features for 4 Parsonage Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Village Center
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Parking features
- Heated
- Basement
- Partial
- 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
- Hot Water(Heating), Oil, Baseboard
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Concrete, Laminate, Wood
- Building materials
- Wood Frame, Vinyl Siding, Wood Siding
- Roof type
- Metal, Shingle
- Architectural style
- Colonial
Listing Agency
EXP Realty
(888) 439-8743
41 Hutchins Drive Building 3, Rangeley, ME
Listed by
Brett Davis
(207) 865-9919
Added: Jul 16 Checked: Jul 16 at 7:06 pm
MLS# 1650782
Listing URL
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.
Investment Insights
Based on property information with market context.
This mixed-use property is currently used as a personal workshop/garage and includes a two-bedroom, one-bath apartment on the second floor, along with a half bath on the ground level. Additional space includes office use and just over 1,000 square feet of usable space that may accommodate a range of commercial and/or residential uses, subject to town permitting requirements. The building also offers the possibility to add additional rental units, pending approvals.
The property is located at a prime corner in the Village Center of North Yarmouth. Zoning is Village Center, and all intended uses should be verified with the town for permitting requirements.
For sale as a 0.75-acre parcel totaling 3,168 square feet, the site combines workshop/garage functionality with on-site residential and flexible space.
The property is located at a prime corner in the Village Center of North Yarmouth. Zoning is Village Center, and all intended uses should be verified with the town for permitting requirements.
For sale as a 0.75-acre parcel totaling 3,168 square feet, the site combines workshop/garage functionality with on-site residential and flexible space.
Key Highlights
- Colonial‑style building built in 1945
- Mixed‑use setup: personal workshop/garage plus an apartment and office space
- Second‑floor unit: 2‑bedroom, 1‑bath apartment
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $9.48 |
| − Vacancy | −$1.1k | −$0.34 |
| EGI | $29.0k | $9.14 |
| − OpEx | −$8.7k | −$2.74 |
| NOI | $20.3k | $6.40 |
3,168 SF · lease $9.48/SF/yr · vacancy 3.57% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$744.1K
$651.1K – $868.1K
NOI $52,084 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$870.7K
$761.9K – $1.02M
NOI $60,951 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ronny's Auto Body ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Corner Village Center property with workshop/garage use plus a two-bedroom apartment and office space.
Where is this residential income 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 $549,000.
What are key features of this property?
This property features: Colonial‑style building built in 1945; Mixed‑use setup: personal workshop/garage plus an apartment and office space; Second‑floor unit: 2‑bedroom, 1‑bath apartment
