Building Details

Year Built 1900

Buildings 1

Tenancy Multi

Listing Agency: LAER j***@aol.com Show Phone

Listed By: Julian Harwood Show Phone

Source: Startpoint

Added: Apr 12, 2024 Changed: Aug 28 Last Checked: Aug 29 at 10:17AM

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Investment Insights

Based on property information with market context.

This commercially zoned property combines a four-unit apartment building with additional commercial space. The residential units are individually electric-metered and include appliances, providing distinct utility billing for each apartment.

Current occupancy includes one rented apartment and the commercial area, while the remaining three apartments are vacant. Built in 1900, the property is located at 646 Maine Avenue in Farmingdale, Maine, along a road-front commercial corridor.

Key Highlights

• Four‑unit apartment building with additional commercial space
• Each apartment has its own electric meter
• Appliances included with the residential units

Property Analytics

Current Use

Word Of Faith Healing ... Church

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Big Box & Wholesale Store Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 04344, ME

2,995

Population

1,481

Households

2

Avg Household Size

44

Median Age

40%

College-Educated

95%

High-School Grad

11.2 sq mi

ZIP Area

267

Density / Sq Mi

$60,000

Median Household Income

$34,688

Median Earnings

$928

Median Rent

$205,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Commercially zoned property includes separately metered apartments and additional commercial space.

Where is this quadplex located?

The property is located at 646 Maine Avenue Farmingdale, ME.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Four‑unit apartment building with additional commercial space; Each apartment has its own electric meter; Appliances included with the residential units