Renovated Mixed-Use
For Sale
$2,995,000
439 York Street, York, ME 03909
MULTI_FAMILY - Cottage - York, ME
Property Size5,501 SF
Lot Size0.17 Acres
Price / SF$544.45
Days on Market36
Property Features for 439 York Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BUS-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Basement
Parking features
Carport, Other, Off Street
Patio and Porch features
Deck, Patio, Porch
Interior features
Elevator Passenger
Basement
Walk-Out Access, Finished, Full
Accessibility
Accessible Elevator Installed
Lot features
Sidewalks, Near Shopping, Office Park
Standard status
Active
Size
5,501 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11623
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
pocket gardens
chef's kitchen
laundry
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Flooring type
Wood, Tile
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Cottage
Listing Agency:
Anchor Real Estate
(207) 361-5007
Listed By:
Anchor Real Estate
(207) 361-5007
Added: Jul 12
Changed: Aug 14
Last Checked: Aug 16 at 1:06AM
MLS# 1662449
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.
Built in 1900, this 5,501-square-foot mixed-use property combines two York Street-facing commercial spaces with residential accommodations. The commercial spaces are currently leased to a local business. The upper residence features an open-concept living and dining layout, a kitchen with center island and Viking appliances, a third-floor primary suite with private bath, an additional bedroom suite, and adjacent laundry. A separate one-bedroom apartment is located on the lower level.
The property underwent a complete renovation and includes a passenger elevator, semi-finished lower level, wood and tile flooring, central air, forced-air heating, and public water and sewer. Exterior features include a shingle roof, wood siding, pocket gardens, deck, patio, porch, and a carport with additional off-street parking beneath a porte-cochere. Located at 439 York Street in York, the property is near York Harbor Beach, Fisherman's Walk, the Cliff Walk, and York Harbor Inn. BUS-1 zoning is identified for the property.
The property underwent a complete renovation and includes a passenger elevator, semi-finished lower level, wood and tile flooring, central air, forced-air heating, and public water and sewer. Exterior features include a shingle roof, wood siding, pocket gardens, deck, patio, porch, and a carport with additional off-street parking beneath a porte-cochere. Located at 439 York Street in York, the property is near York Harbor Beach, Fisherman's Walk, the Cliff Walk, and York Harbor Inn. BUS-1 zoning is identified for the property.
Key Highlights
- 5,501‑square‑foot mixed‑use property on a 0.17‑acre lot
- Two York Street‑facing commercial spaces currently leased to a local business
- Upper‑level residence plus a separate one‑bedroom lower‑level apartment
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
$85,014
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
2.84%
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%
$1,700,280
$1.7M
Cap Rate 7%
$1,214,486
$1.2M
Cap Rate 9%
$944,600
$944.6K
Market Conditions
NOI Build-Up for 5,501 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
$163.0K $29.64/SF
− Vacancy
−$8.5K −$1.54/SF
EGI
$154.6K $28.10/SF
− OpEx
−$69.6K −$12.64/SF
NOI
$85.0K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,700,280
Cap Rate 7%
$1,214,486
Cap Rate 9%
$944,600
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,014 @ 7.0% cap · market cap 2.84%
Second Best
Mixed Use
$976.0K
$854.0K – $1.14M
NOI $68,322 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,065 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Wood-frame property combines leased storefronts, residential suites, private parking, and a passenger elevator near York Harbor attractions.
Where is this mixed-use property located?
The property is located at 439 York Street York, ME.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 5,501‑square‑foot mixed‑use property on a 0.17‑acre lot; Two York Street‑facing commercial spaces currently leased to a local business; Upper‑level residence plus a separate one‑bedroom lower‑level apartment
