Well-Maintained Triplex with
New
For Sale
$1,200,000
419 Falmouth Road, Falmouth, ME 04105
Three separately configured residences feature fireplaces, private laundry, extensive storage, and paved off-street parking.
Property Size5,357 SF
Price / SF$224.01
Days on Market4
Property Features for 419 Falmouth Road
General Information
Standard status
Active
Size
5,357 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
3
Amenities
brick fireplace
heat pumps
in-unit washer/dryer
covered front porch
detached shed
solar panels
Building Details
Year Built
1900
Listing Agency:
RE/MAX By The Bay
Listed By:
David Banks
(603) 866-2942
Source:
Profoundrealestate
Added: Aug 9
Changed: Aug 12
Last Checked: Aug 12 at 5:17AM
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 RE/MAX By The Bay
Investment Insights
Based on property information with market context.
This three-unit residential property has been maintained as a rental since 1992 and includes a mix of spacious layouts. The first residence offers three bedrooms, two full bathrooms, a living-room fireplace, basement access, and a two-car garage. The other two residences extend across two levels, with two bedrooms each, fireplaces or separate living areas, and a combination of full and half bathrooms. Heat pumps serve the second unit, while all three residences include their own washer and dryer.
Shared features include a covered front porch, common main entry, two paved driveways, a detached storage shed, and solar panels. The property is located at 419 Falmouth Road in Falmouth, Maine, and was built in 1900. Additional basement storage supports the practical needs of the occupants and garage users.
Shared features include a covered front porch, common main entry, two paved driveways, a detached storage shed, and solar panels. The property is located at 419 Falmouth Road in Falmouth, Maine, and was built in 1900. Additional basement storage supports the practical needs of the occupants and garage users.
Key Highlights
- Three‑unit property at 419 Falmouth Road, Falmouth, ME 04105
- Rental history extending from 1992
- First‑floor residence with 3 bedrooms, 2 full bathrooms, basement access, and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,893,320
$1.9M
Cap Rate 7%
$1,352,371
$1.4M
Cap Rate 9%
$1,051,844
$1.1M
Market Conditions
NOI Build-Up for 5,357 SF
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.
Gross rent
$144.6K $27.00/SF
− Vacancy
−$9.4K −$1.76/SF
EGI
$135.2K $25.25/SF
− OpEx
−$40.6K −$7.57/SF
NOI
$94.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,893,320
Cap Rate 7%
$1,352,371
Cap Rate 9%
$1,051,844
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,666 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,072 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,066 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 04105, ME
12,406
Population
5,332
Households
2.3
Avg Household Size
48
Median Age
70%
College-Educated
98%
High-School Grad
29.3 sq mi
ZIP Area
423
Density / Sq Mi
$131,833
Median Household Income
$69,303
Median Earnings
$2,070
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separately configured residences feature fireplaces, private laundry, extensive storage, and paved off-street parking.
Where is this triplex located?
The property is located at 419 Falmouth Road Falmouth, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑unit property at 419 Falmouth Road, Falmouth, ME 04105; Rental history extending from 1992; First‑floor residence with 3 bedrooms, 2 full bathrooms, basement access, and a two‑car garage
