Six-Unit Apartment
New
For Sale
$388,000
47 Zions Hill Rd, Dexter, ME 04930
A six-unit residential property offers full kitchens, with select apartments featuring additional utility and laundry provisions.
Property Size3,147 SF
Price / SF$123.29
Days on Market5
Property Features for 47 Zions Hill Rd
General Information
Standard status
Active
Size
3,147 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1880
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 7:58AM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
This 3,147-square-foot apartment building contains six units, each with a full kitchen. Unit 4 has a dishwasher and laundry hookup. Four apartments have tenant-paid utilities and heating; the other two use forced hot air. The building dates to 1880.
The property is at 47 Zions Hill Rd in Dexter, Maine, and backs onto Crosby Park. Local schools and the downtown area are within walking distance.
The property is at 47 Zions Hill Rd in Dexter, Maine, and backs onto Crosby Park. Local schools and the downtown area are within walking distance.
Key Highlights
- Six‑unit apartment building with 3,147 square feet
- Built in 1880
- Each apartment includes a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,526
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
$530.5K
Cap Rate 7%
$378,943
$378.9K
Cap Rate 9%
$294,733
$294.7K
Market Conditions
NOI Build-Up for 3,147 SF
Gross rent
$51.0K $16.20/SF
− Vacancy
−$2.8K −$0.87/SF
EGI
$48.2K $15.33/SF
− OpEx
−$21.7K −$6.90/SF
NOI
$26.5K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
Cap Rate 7%
$378,943
Cap Rate 9%
$294,733
Alternative Uses
Best Use
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,526 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$889.3K – $1.19M
NOI $71,147 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
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Business Placement
Demographics for 04930, ME
4,287
Population
2,463
Households
1.7
Avg Household Size
48
Median Age
17%
College-Educated
92%
High-School Grad
60.3 sq mi
ZIP Area
71
Density / Sq Mi
$53,537
Median Household Income
$38,085
Median Earnings
$891
Median Rent
$159,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A six-unit residential property offers full kitchens, with select apartments featuring additional utility and laundry provisions.
Where is this apartment building located?
The property is located at 47 Zions Hill Rd Dexter, ME.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: Six‑unit apartment building with 3,147 square feet; Built in 1880; Each apartment includes a full kitchen
