6-Unit Apartment
New
For Sale
$388,000
47 Zions Hill Road, Dexter, ME 04930
Multi-Family, Dexter, ME
Property Size3,147 SF
Lot Size0.19 Acres
Price / SF$123.29
Days on Market2
Property Features for 47 Zions Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 6
Patio and Porch features
Deck
Pets allowed
No
Interior features
1st Floor Bedroom, Bathtub, Shower
Basement
Dirt Floor, Sump Pump, Crawl Space, Partial
Lot features
Sidewalks, Intown, Near Shopping
Standard status
Active
Size
3,147 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2470
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Oil
Water source
Public
Building Details
Year built
1880
Number of units
6
Flooring type
Laminate, Linoleum, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Allied Realty
(207) 474-9553
Listed By:
Kim Mercier
(207) 474-6548
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 5:06PM
MLS# 1657915
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 six-unit apartment property contains 3,147 square feet on a 0.19-acre lot. Each residence has a full kitchen. Four apartments place utility and heating costs with the tenants, while the other two use forced hot air. Unit 4 also includes a dishwasher and laundry hookup. The building dates to 1880 and has public water and sewer service.
At 47 Zions Hill Road in Dexter, the property backs onto Crosby Park and is within walking distance of local schools and downtown. Residential zoning applies.
At 47 Zions Hill Road in Dexter, the property backs onto Crosby Park and is within walking distance of local schools and downtown. Residential zoning applies.
Key Highlights
- Six apartments with 3,147 square feet of building area
- Four units have tenant‑paid utilities and heating
- Two units are serviced by forced hot air
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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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Each apartment has a full kitchen; tenants cover utilities and heating in four units.
Where is this apartment building located?
The property is located at 47 Zions Hill Road 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 apartments with 3,147 square feet of building area; Four units have tenant‑paid utilities and heating; Two units are serviced by forced hot air
