Three-Unit Residential Income
67 Main Street Winthrop, ME 04364
67 Main Street, Winthrop, ME, 04364
$225,000
For Sale
$225,000
Three-unit property with parking for up to five cars, vinyl siding, and a newer roof in the downtown district.
Property Size1,558 SF
Price / SF$144.42
Days on Market112
Property Features for 67 Main Street
General Information
- Standard status
- Active
- Size
- 1,558 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing agency
Rizzo Mattson
(207) 592-0566
Listed by
Geraldine Doyle
(207) 592-0566
Source
Compass
Added: Apr 3 Updated: Jul 23 at 4:13AM Checked: Jul 23 at 4:13AM
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 Rizzo Mattson
Investment Insights
Based on property information with market context.
This three-unit residential income property is offered for sale as a turn-key option with tenants responsible for water, sewer, and electricity. The home includes modernized systems, low-maintenance vinyl siding, and a newer roof, along with parking that can accommodate up to five cars.
The property is located in the downtown district, just steps from the public beach at Maranacook Lake, with a short walk to school and shopping.
With three separate units and tenant-paid utilities, this configuration is well suited for an owner-occupant or investor looking for an easier-to-manage residential income setup.
The property is located in the downtown district, just steps from the public beach at Maranacook Lake, with a short walk to school and shopping.
With three separate units and tenant-paid utilities, this configuration is well suited for an owner-occupant or investor looking for an easier-to-manage residential income setup.
Key Highlights
- Three‑unit property in the downtown district, just steps from the public beach at Maranacook Lake
- Parking for up to 5 cars; tenants pay water, sewer, and electricity
- Newer roof and low‑maintenance vinyl siding
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 | $25.2k | $16.20 |
| − Vacancy | −$384 | −$0.25 |
| EGI | $24.9k | $15.95 |
| − OpEx | −$7.5k | −$4.79 |
| NOI | $17.4k | $11.17 |
1,558 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.6K
$217.5K – $290.0K
NOI $17,399 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$216.8K
$189.7K – $253.0K
NOI $15,177 @ 7.0% cap · market cap 6.75%
Theoretical Best
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,707 @ 7.0% cap · market cap 72.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blackstone Financial Services
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with parking for up to five cars, vinyl siding, and a newer roof in the downtown district.
Where is this triplex located?
The property is located at 67 Main Street Winthrop, ME.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three‑unit property in the downtown district, just steps from the public beach at Maranacook Lake; Parking for up to 5 cars; tenants pay water, sewer, and electricity; Newer roof and low‑maintenance vinyl siding
