Furnished Multifamily
For Sale
$925,000
7 Cappy's Ln, York, ME 03909
Two furnished residences occupy one lot near Short Sands Beach and York Beach village amenities.
Property Size2,159 SF
Price / SF$428.44
Days on Market55
Property Features for 7 Cappy's Ln
General Information
Standard status
Active
Size
2,159 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
enclosed porch
firepit area
garage
shed
Building Details
Year Built
1948
Buildings
2
Construction
mid-century Cape
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
Added: Aug 22
Changed: Oct 1
Last Checked: Oct 14 at 10:53PM
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 Crown Lakes Realty
Investment Insights
Based on property information with market context.
This multifamily property includes two furnished residences on a single lot in York. The primary home is a mid-century Cape with three bedrooms, one full bathroom, and an enclosed porch. A separate one-bedroom cottage provides an additional self-contained living space. Each residence has its own firepit area.
The property is located at 7 Cappy's Ln, within walking distance of Short Sands Beach and the restaurants and shops of York Beach village. Improvements also include an oversized two-car garage and a detached shed for storage. The homes are offered with furnishings included, providing two distinct residential spaces within one coastal property.
The property is located at 7 Cappy's Ln, within walking distance of Short Sands Beach and the restaurants and shops of York Beach village. Improvements also include an oversized two-car garage and a detached shed for storage. The homes are offered with furnishings included, providing two distinct residential spaces within one coastal property.
Key Highlights
- Two furnished homes situated on one lot
- Main residence includes 3 bedrooms, 1 full bathroom, and an enclosed porch
- Separate one‑bedroom cottage with self‑contained living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,366
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,320
$667.3K
Cap Rate 7%
$476,657
$476.7K
Cap Rate 9%
$370,733
$370.7K
Market Conditions
NOI Build-Up for 2,159 SF
Gross rent
$64.0K $29.64/SF
− Vacancy
−$3.3K −$1.54/SF
EGI
$60.7K $28.10/SF
− OpEx
−$27.3K −$12.64/SF
NOI
$33.4K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,320
Cap Rate 7%
$476,657
Cap Rate 9%
$370,733
Alternative Uses
Best Use
Apartment 5plus
$476.7K
$417.1K – $556.1K
NOI $33,366 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$684.4K
$598.8K – $798.5K
NOI $47,907 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two furnished residences occupy one lot near Short Sands Beach and York Beach village amenities.
Where is this multifamily property located?
The property is located at 7 Cappy's Ln York, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two furnished homes situated on one lot; Main residence includes 3 bedrooms, 1 full bathroom, and an enclosed porch; Separate one‑bedroom cottage with self‑contained living space
