Old Town Three-Unit
543 Main Street Old Town, ME 04468
543 Main Street, Old Town, ME, 04468
$395,000
For Sale
$395,000
Three-unit property near University of Maine, ideal for investors.
Property Size2,854 SF
Price / SF$138.40
Days on Market182
Property Features for 543 Main Street
General Information
- Standard status
- Active
- Size
- 2,854 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
NextHome Experience
(207) 240-2093
Listed by
Sarah Ryan · License #BA915441,PersonLicenseNumber
(207) 240-2093
Source
Compass
Added: Jan 16 Checked: Jul 17 at 4:42 am
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 NextHome Experience
Investment Insights
Based on property information with market context.
Located on Main Street in Old Town, this three-unit property is positioned near the University of Maine, Bangor shopping areas, and various everyday amenities. The property is suitable for both investors and owner-occupants. One of the units is currently vacant. The location is suited for college housing, with consistent rental demand. The property includes a detached two-car garage, ample parking space, and storage to accommodate a three-unit building. The building has a property size of 2854 square feet.
Key Highlights
- Move‑in ready three‑unit property in a prime Old Town location.
- Strong income‑producing potential with one vacant unit for immediate occupancy or rental.
- Ideal location for college housing near the University of Maine with high rental demand.
Local Financial Insights For Multifamily LT 5
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 | $39.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.71 |
| EGI | $37.4k | $13.09 |
| − OpEx | −$11.2k | −$3.93 |
| NOI | $26.2k | $9.16 |
2,854 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,155 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$343.7K
$300.7K – $400.9K
NOI $24,056 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$921.8K
$806.5K – $1.08M
NOI $64,523 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property near University of Maine, ideal for investors.
Where is this triplex located?
The property is located at 543 Main Street Old Town, ME.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Move‑in ready three‑unit property in a prime Old Town location.; Strong income‑producing potential with one vacant unit for immediate occupancy or rental.; Ideal location for college housing near the University of Maine with high rental demand.
