3-Unit Triplex with Unfinished
New
For Sale
$699,000
79 James Street, Saco, ME 04072
Multi-Family, Saco, ME
Property Size3,074 SF
Lot Size0.30 Acres
Price / SF$227.39
Days on Market2
Property Features for 79 James Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HDR
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 2, Bathroom 1
Basement
Unfinished
Lot features
Sidewalks, Near Town
Standard status
Active
Size
3,074 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7147
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Propane (Heating)
Water source
Public
Amenities
striped parking lot
usable outdoor space
Building Details
Year built
1900
Number of units
3
Flooring type
Tile - Ceramic, Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 1684973
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.
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Investment Insights
Based on property information with market context.
This 3,074-square-foot triplex contains three apartments: one with two bedrooms and one bathroom, one with three bedrooms and one bathroom, and one with two bedrooms and one-and-a-half bathrooms. Unfinished area occupies part of the third floor. The 1900-built structure has wood-frame construction, vinyl siding, and a shingle roof. Interior flooring includes carpet, vinyl, and ceramic tile; listed heating includes propane, oil, and baseboard systems.
Set on a 0.3-acre parcel at 79 James Street in Saco, the property has a striped parking lot and outdoor space behind the building. Public water and public sewer serve the site, which is zoned HDR.
Set on a 0.3-acre parcel at 79 James Street in Saco, the property has a striped parking lot and outdoor space behind the building. Public water and public sewer serve the site, which is zoned HDR.
Key Highlights
- Three apartments with configurations of 2BR/1BA, 3BR/1BA, and 2BR/1.5BA
- 3,074‑square‑foot building on a 0.3‑acre parcel
- Unfinished third‑floor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,038
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,760
$1.0M
Cap Rate 7%
$743,400
$743.4K
Cap Rate 9%
$578,200
$578.2K
Market Conditions
NOI Build-Up for 3,074 SF
Gross rent
$78.2K $25.44/SF
− Vacancy
−$3.9K −$1.26/SF
EGI
$74.3K $24.18/SF
− OpEx
−$22.3K −$7.25/SF
NOI
$52.0K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,760
Cap Rate 7%
$743,400
Cap Rate 9%
$578,200
Alternative Uses
Best Use
Multifamily LT 5
$743.4K
$650.5K – $867.3K
NOI $52,038 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$678.7K
$593.8K – $791.8K
NOI $47,507 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$974.4K
$852.6K – $1.14M
NOI $68,211 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
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Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines three distinct apartment layouts with unfinished third-floor space and a striped parking area.
Where is this triplex located?
The property is located at 79 James Street Saco, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three apartments with configurations of 2BR/1BA, 3BR/1BA, and 2BR/1.5BA; 3,074‑square‑foot building on a 0.3‑acre parcel; Unfinished third‑floor area
