Historic Short-Term Rental with Three Airbnb
For Sale
$1,950,000
679 Roosevelt Trail, Naples, ME 04055
MULTI_FAMILY - Other - Naples, ME
Property Size6,974 SF
Lot Size1.32 Acres
Price / SF$279.61
Days on Market123
Property Features for 679 Roosevelt Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Basement, Bathroom 2
Parking features
Offsite
Patio and Porch features
Deck, Porch
Interior features
Attic, Shower
Basement
Full
Lot features
Near Country Club, Open, Corner Lot, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Rural
Standard status
Active
Size
6,974 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8932
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Heat Pump (Heating), Space Heater, Electric (Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Well, Private
Water front features
Lake
Water front
1
Building Details
Year built
1785
Number of units
3
Flooring type
Wood, Laminate
Building materials
Wood Frame, Wood Siding
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Pine Tree Realty of Maine
(207) 693-9111
Listed By:
Constance Eldridge
(207) 831-0890
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 21 at 6:06PM
MLS# 1651960
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.
The Naples Barn is a historic short-term rental property originally built in 1785, now offering three renovated Airbnb units. Two units are located within the Farmhouse, while the third is the Historic Cupola from the Bay of Naples Hotel, constructed in 1899. An end unit of the property operates as a café, and the barn area runs seasonally as an antique shop.
Set on a 1.32-acre lot, the property is located within walking distance of the Naples Causeway and provides easy access to nearby restaurants and outdoor recreation. The home includes porch and deck features and has undergone numerous recent upgrades, including new windows, a new roof, updated electrical systems, a new septic system, improved plumbing, and fresh asphalt parking.
Commercial zoning applies to the property. The building is constructed with wood frame and wood siding, with metal and shingle roofing. Heating includes propane heat, a heat pump, space heater, and electric heat, and cooling is provided by a heat pump. Water is supplied by well and private sources, with septic tank and private sewer service.
Set on a 1.32-acre lot, the property is located within walking distance of the Naples Causeway and provides easy access to nearby restaurants and outdoor recreation. The home includes porch and deck features and has undergone numerous recent upgrades, including new windows, a new roof, updated electrical systems, a new septic system, improved plumbing, and fresh asphalt parking.
Commercial zoning applies to the property. The building is constructed with wood frame and wood siding, with metal and shingle roofing. Heating includes propane heat, a heat pump, space heater, and electric heat, and cooling is provided by a heat pump. Water is supplied by well and private sources, with septic tank and private sewer service.
Key Highlights
- Three renovated Airbnb units: two in the Farmhouse plus the Historic Cupola unit built in 1899
- End‑unit café and barn area operates seasonally as an antique shop
- 1.32 acres with 6,974 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,293,140
$2.3M
Cap Rate 7%
$1,637,957
$1.6M
Cap Rate 9%
$1,273,967
$1.3M
Market Conditions
NOI Build-Up for 6,974 SF
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.
Gross rent
$221.8K $31.80/SF
− Vacancy
−$13.3K −$1.91/SF
EGI
$208.5K $29.89/SF
− OpEx
−$93.8K −$13.45/SF
NOI
$114.7K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,293,140
Cap Rate 7%
$1,637,957
Cap Rate 9%
$1,273,967
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,657 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,177 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 04055, ME
3,925
Population
3,455
Households
1.1
Avg Household Size
46
Median Age
34%
College-Educated
98%
High-School Grad
31.8 sq mi
ZIP Area
123
Density / Sq Mi
$68,278
Median Household Income
$40,333
Median Earnings
$1,412
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Historic lakeside property with three renovated Airbnb units, including a cupola unit and an end-unit café.
Where is this short term rental property located?
The property is located at 679 Roosevelt Trail Naples, ME.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three renovated Airbnb units: two in the Farmhouse plus the Historic Cupola unit built in 1899; End‑unit café and barn area operates seasonally as an antique shop; 1.32 acres with 6,974 SF total property size
