5-Unit Victorian Apartment
For Sale
$580,000
62 Church Street, Gardiner, ME 04345
Multi-Family, Gardiner, ME
Property Size4,438 SF
Lot Size0.18 Acres
Price / SF$130.69
Days on Market51
Property Features for 62 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HDR
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Basement, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Off Street
Patio and Porch features
Porch
Basement
Full
Lot features
Corner Lot, Intown
Standard status
Active
Size
4,438 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4618
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Baseboard, Other (Heating)
Water source
Public
Amenities
high ceilings
tenant parking
Building Details
Year built
1875
Floors in Building
2
Number of units
5
Flooring type
Carpet, Wood
Building materials
Wood Frame, Clapboard, Wood Siding
Roof type
Shingle
Architectural style
Victorian
Buildings
1
Listing Agency:
Tim Dunham Realty
(207) 729-7297
Listed By:
Bonnie Hollander
(207) 380-9599
Added: Sep 12
Changed: Oct 27
Last Checked: Nov 1 at 10:06AM
MLS# 1680367
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.
Built in 1875, this Victorian apartment property contains five occupied units within 4,438 square feet. The 0.18-acre parcel is zoned HDR. Wood-frame construction with clapboard and wood siding complements the building’s period architecture, while a porch adds exterior character. Interior features include wood and carpet flooring, and heating is provided by baseboard and propane systems. Public water and sewer serve the property.
The building is located on Church Street in Gardiner, near downtown services, restaurants, retail, and the Kennebec River. Residents have access to off-street parking. The property’s historic design, established occupancy, and five-unit configuration define its current multifamily use.
The building is located on Church Street in Gardiner, near downtown services, restaurants, retail, and the Kennebec River. Residents have access to off-street parking. The property’s historic design, established occupancy, and five-unit configuration define its current multifamily use.
Key Highlights
- Five apartments; all are currently occupied
- 4,438 square feet on a 0.18‑acre parcel
- Built in 1875 in the Victorian architectural style
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
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are occupied, and off-street parking is available to residents.
Where is this apartment building located?
The property is located at 62 Church Street 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: Five apartments; all are currently occupied; 4,438 square feet on a 0.18‑acre parcel; Built in 1875 in the Victorian architectural style
