Multifamily
For Sale
$580,000
62 Church St, Gardiner, ME 04345
Multifamily property with 4,438 square feet of space in Gardiner, Maine.
Property Size4,438 SF
Price / SF$130.69
Days on Market49
Property Features for 62 Church St
General Information
Standard status
Active
Size
4,438 SF
Property subtype
Multi-Family
Building Details
Year Built
1875
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 1 at 5:04AM
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 multifamily property at 62 Church St in Gardiner, Maine, contains 4,438 square feet of space. The building was constructed in 1875 and is offered for sale.
Key Highlights
- 4,438‑square‑foot multifamily property
- Built in 1875
- Located at 62 Church St, Gardiner, ME 04345
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,233
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,660
$864.7K
Cap Rate 7%
$617,614
$617.6K
Cap Rate 9%
$480,367
$480.4K
Market Conditions
NOI Build-Up for 4,438 SF
Gross rent
$79.9K $18.00/SF
− Vacancy
−$1.3K −$0.29/SF
EGI
$78.6K $17.71/SF
− OpEx
−$35.4K −$7.97/SF
NOI
$43.2K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,660
Cap Rate 7%
$617,614
Cap Rate 9%
$480,367
Alternative Uses
Best Use
Apartment 5plus
$617.6K
$540.4K – $720.6K
NOI $43,233 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.62M
$5.79M – $7.72M
NOI $463,475 @ 7.0% cap · market cap 79.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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Business Placement
Demographics for 04345, ME
12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
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?
Multifamily property - Multifamily property with 4,438 square feet of space in Gardiner, Maine.
Where is this multifamily property located?
The property is located at 62 Church St Gardiner, ME.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 4,438‑square‑foot multifamily property; Built in 1875; Located at 62 Church St, Gardiner, ME 04345
