3-Unit Multi-Family with Single
64 Lamb Street Westbrook, ME 04092
New
MULTI_FAMILY - Ranch - Westbrook, ME
Type:Single Family Residence
Property size:
4,507 SFLot size:
0.32 AcresPrice / SF:
$219/SF- Added:
- Jul 9, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 64 Lamb Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- RGA1
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 3, Basement, Bathroom 5, Bathroom 2
- Parking features
- Open, Off Street
- Basement
- Full
- Standard status
- Active
- Size
- 4,507 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10917
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Zoned, Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 4
- Flooring type
- Vinyl, Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Jonathan Leahy (207) 939-8366
Listing office J T Leahy Real Estate 1 Westbrook Common Ste 1, Portland, ME (207) 939-8366
Listing date Jul 9, 2026
MLS# 1671051
Listing URL
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.
Investment Insights
Based on property information with market context.
64-66 Lamb Street offers a well-kept residential income package with two distinct components on a single 0.32-acre lot. The 64 Lamb Street portion is a traditional 3-unit multi-family building with two large 2-bedroom units and one large 1-bedroom unit. The property has been meticulously maintained and updated by the current owner/manager over the past 20 years. The 66 Lamb Street portion is a 3-bedroom, 2-bath raised ranch built in 1980, totaling 1,400 square feet, with an attached 2-car garage and a private back deck. Both homes sit on mature, landscaped grounds.
The property is set up for everyday convenience, with abundant parking and multiple driveways. Mature landscaping and the lot size contribute to privacy and an owner-friendly layout for occupants and guests.
All four units are currently fully rented, supporting an easy, turn-key arrangement for an investor seeking an income-producing residential building and an additional single-family option. The combination also provides flexibility for an owner-occupant scenario or multi-generational living, depending on how the purchaser wants to use the 66 Lamb Street home alongside the 3-unit multi-family at 64 Lamb Street.
The property is set up for everyday convenience, with abundant parking and multiple driveways. Mature landscaping and the lot size contribute to privacy and an owner-friendly layout for occupants and guests.
All four units are currently fully rented, supporting an easy, turn-key arrangement for an investor seeking an income-producing residential building and an additional single-family option. The combination also provides flexibility for an owner-occupant scenario or multi-generational living, depending on how the purchaser wants to use the 66 Lamb Street home alongside the 3-unit multi-family at 64 Lamb Street.
Key Highlights
- Two properties on a 0.32‑acre lot: a 3‑unit multi‑family building plus an additional 4‑bedroom, 2‑bath single‑family home
- 64 Lamb Street: 3‑unit multi with two 2‑bedroom units and one large 1‑bedroom unit
- All four units are fully rented with a strong rent roll and quality tenants (per public remarks)
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 | $121.7k | $27.00 |
| − Vacancy | −$7.9k | −$1.76 |
| EGI | $113.8k | $25.25 |
| − OpEx | −$34.1k | −$7.57 |
| NOI | $79.6k | $17.67 |
4,507 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$995.6K – $1.33M
NOI $79,645 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$1.06M
$926.2K – $1.23M
NOI $74,098 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,713 @ 7.0% cap · market cap 8.76%
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 - Turn-key portfolio includes a maintained 3-unit building plus a raised ranch with attached garage on a large lot.
Where is this triplex located?
The property is located at 64 Lamb Street Westbrook, ME.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two properties on a 0.32‑acre lot: a 3‑unit multi‑family building plus an additional 4‑bedroom, 2‑bath single‑family home; 64 Lamb Street: 3‑unit multi with two 2‑bedroom units and one large 1‑bedroom unit; All four units are fully rented with a strong rent roll and quality tenants (per public remarks)
