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5-Unit Short-Term Rental Property
For Sale
$649,000

454 Fairbanks Road, Farmington, ME 04938

The property is operated as Airbnb accommodations and includes a heated and cooled gym with a climbing wall and basketball hoops.

Property Size6,500 SF
Price / SF$99.85
Days on Market8

Property Features for 454 Fairbanks Road

General Information

Standard status Active
Size 6,500 SF
Property subtype Multi-family

Units

Unit Mix 3 x 2BR, 1 x 3BR, 1 x 4BR
Multifamily Units 5

Amenities

gym
climbing wall
basketball hoops
barn
garage
carport
lean-to
paved driveway

Building Details

Year Built 1900
Listing Agency: Allied Realty
Listed By: Nicole Witt
Source: Profoundrealestate
Added: Oct 4 Changed: Oct 10 Last Checked: Oct 10 at 2:45AM

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 Allied Realty

Investment Insights

Based on property information with market context.

This five-unit short-term rental property totals 6,500 square feet across its buildings and units and was built in 1900. The unit mix comprises three two-bedroom rentals, one three-bedroom rental, and one four-bedroom rental. A 40-by-30-foot gym features a climbing wall and basketball hoops, with heating and cooling for year-round use. Additional improvements include a barn, a one-car garage, a two-car carport, and a lean-to. The paved driveway provides parking, and the backyard offers outdoor space.

The property is near Farmington and the University of Maine at Farmington, along the route to Sugarloaf, Saddleback, and the Rangeley Lakes region.

Key Highlights

  • Five units: three two‑bedroom, one three‑bedroom, and one four‑bedroom
  • 6,500 square feet across all buildings and units; built in 1900
  • 40‑by‑30‑foot gym with climbing wall, basketball hoops, heating, and cooling

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Storage Facility Real Estate Agency Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby

Demographics for 04938, ME

9,592
Population
4,936
Households
1.9
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
122.5 sq mi
ZIP Area
78
Density / Sq Mi
$54,281
Median Household Income
$27,500
Median Earnings
$910
Median Rent
$169,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - The property is operated as Airbnb accommodations and includes a heated and cooled gym with a climbing wall and basketball hoops.
Where is this short term rental property located?
The property is located at 454 Fairbanks Road Farmington, ME.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Five units: three two‑bedroom, one three‑bedroom, and one four‑bedroom; 6,500 square feet across all buildings and units; built in 1900; 40‑by‑30‑foot gym with climbing wall, basketball hoops, heating, and cooling
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