Historic Bed And Breakfast With Carriage
40 Main Street, Limerick, ME 04048
For Sale
$750,000
Multi-Family, Limerick, ME
Property Size3,770 SF
Lot Size1.20 Acres
Price / SF$198.94
Days on Market97
Property Features for 40 Main Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Basement
Accessibility
Lot features
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
chicken and duck coop
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Portside Real Estate Group
(207) 536-4222
Listed By:
Alexcia Smith
(207) 227-6959
Added: Aug 2
Changed: Oct 27
Last Checked: Nov 6 at 8:06PM
MLS# 1674467
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.
This bed and breakfast property includes a 3,770-square-foot main residence with 10 bedrooms and 7 bathrooms, plus a carriage house configured as three rental units. Built in 1859 in the Greek Revival style, the property combines masonry, wood frame, brick, and clapboard construction with wood, vinyl, and carpet flooring. Interior features include an in-law apartment, a first-floor bedroom, pantry, and primary bedroom with bath. The property is currently operating as a guest accommodation and accepting future reservations.
Set on 1.2 acres, the grounds include mature landscaping, generous outdoor areas, a chicken and duck coop, porch, deck, and off-street parking. The property has B zoning, public sewer, and both public and well water sources. Heating systems include zoned, forced-air, propane, oil, kerosene, and wood options, while cooling is provided by heat pumps and window units.
Set on 1.2 acres, the grounds include mature landscaping, generous outdoor areas, a chicken and duck coop, porch, deck, and off-street parking. The property has B zoning, public sewer, and both public and well water sources. Heating systems include zoned, forced-air, propane, oil, kerosene, and wood options, while cooling is provided by heat pumps and window units.
Key Highlights
- 10‑bedroom, 7‑bathroom main residence with a 3,770‑square‑foot property size
- Carriage house arranged as three rental units
- Operating bed and breakfast accepting future reservations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,820
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,400
$1.3M
Cap Rate 7%
$911,714
$911.7K
Cap Rate 9%
$709,111
$709.1K
Market Conditions
NOI Build-Up for 3,770 SF
Gross rent
$95.9K $25.44/SF
− Vacancy
−$4.7K −$1.26/SF
EGI
$91.2K $24.18/SF
− OpEx
−$27.4K −$7.25/SF
NOI
$63.8K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,400
Cap Rate 7%
$911,714
Cap Rate 9%
$709,111
Alternative Uses
Best Use
Multifamily LT 5
$911.7K
$797.8K – $1.06M
NOI $63,820 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$832.3K
$728.3K – $971.1K
NOI $58,263 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,655 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04048, ME
3,188
Population
1,565
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
118
Density / Sq Mi
$90,125
Median Household Income
$45,791
Median Earnings
$1,153
Median Rent
$264,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Similar Off Market Nearby
- Jeremiah Mason House Bed and Breakfast — 40 Main St, Limerick, ME 04048
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Operating hospitality property with a substantial residence, separate rental units, and outdoor grounds on a 1.2-acre parcel.
Where is this bed & breakfast located?
The property is located at 40 Main Street Limerick, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 10‑bedroom, 7‑bathroom main residence with a 3,770‑square‑foot property size; Carriage house arranged as three rental units; Operating bed and breakfast accepting future reservations
