Six-Unit Multifamily
47 Zions Hill Road Dexter, ME 04930
For Sale
$388,000
Well-maintained six-unit residential income property with in-unit kitchens, including a dishwasher and laundry hookup in one unit.
Property Size3,147 SF
Price / SF$123.29
Days on Market130
Property Features for 47 Zions Hill Road
General Information
- Standard status
- Active
- Size
- 3,147 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing Agency:
Allied Realty
Listed By:
Kim Mercier
(603) 866-2942
Source:
Profoundrealestate
Added: Mar 18
Changed: Jul 24
Last Checked: Jul 24 at 9:58PM
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 well-maintained six-unit multifamily property offers four units with fully tenant-paid utilities and heating, while the remaining two units are serviced by a forced hot air system. Each unit includes a full kitchen, and Unit 4 includes a dishwasher plus a laundry hookup. Some photos were taken prior to current occupancy to display unit layouts.
The property is located in Dexter and backs directly onto Crosby Park, providing a peaceful setting for tenants. It is described as being within a short walk to local schools and the downtown area.
For buyers seeking a residential income asset with multiple utility and heating configurations across the units, this property provides a straightforward six-unit layout with consistent kitchen amenities and a small set of in-unit upgrades in Unit 4.
The property is located in Dexter and backs directly onto Crosby Park, providing a peaceful setting for tenants. It is described as being within a short walk to local schools and the downtown area.
For buyers seeking a residential income asset with multiple utility and heating configurations across the units, this property provides a straightforward six-unit layout with consistent kitchen amenities and a small set of in-unit upgrades in Unit 4.
Key Highlights
- Six‑unit residential income property built in 1880
- Backs directly onto Crosby Park
- Four units have fully tenant‑paid utilities and heating
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $16.20 |
| − Vacancy | −$2.8k | −$0.87 |
| EGI | $48.2k | $15.33 |
| − OpEx | −$21.7k | −$6.90 |
| NOI | $26.5k | $8.43 |
3,147 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained six-unit residential income property with in-unit kitchens, including a dishwasher and laundry hookup in one unit.
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‑unit residential income property built in 1880; Backs directly onto Crosby Park; Four units have fully tenant‑paid utilities and heating
