8-10 Bayview Lane Kittery, ME 03904
Two separate buildings include a 1920 duplex plus a 1999 garage structure with an apartment, all with public water and sewer.
Property Features for 8-10 Bayview Lane
General Information
- Standard status
- Active
- Size
- 4,120 SF
- Lot size
- 2.70 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing office Keller Williams Coastal and Lakes & Mountains Realty
Listing date Feb 13, 2026
Source Profoundrealestate
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
Set separately, 8 Bayview Lane is a substantial garage structure built in 1999 with multiple bays, oversized garage doors, and additional storage beneath the sunroom. The main level includes office space, a lounge area, and a bathroom, along with the heating system. Above the garage is an apartment of approximately 1,960 square feet featuring one large bedroom, one bathroom, a separate laundry room, and a sunroom with its own entry overlooking the rear property and Spinney Creek. The garage area is gated and fully fenced, and the property benefits from public water and sewer service.
The land includes frontage along Spinney Creek, and the listing notes proximity of approximately 10 minutes to downtown Portsmouth and just over 1 hour to Boston.
Key Highlights
- 2.7‑acre property at 8‑10 Bayview Lane with frontage along Spinney Creek
- Front building at 10 Bayview Lane: 1920‑built duplex with 2 vacant residential units
- Unit 10A: approx. 960 SF, 3 bedrooms, 1 bathroom, plus separate laundry room
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 | $104.8k | $25.44 |
| − Vacancy | −$5.2k | −$1.26 |
| EGI | $99.6k | $24.18 |
| − OpEx | −$29.9k | −$7.25 |
| NOI | $69.7k | $16.93 |
