Two-Building Residential Income
8-10 Bayview Lane Kittery, ME 03904
For Sale
$1,200,000
MULTI_FAMILY - Other - Kittery, ME
Property Size4,120 SF
Lot Size2.70 Acres
Price / SF$291.26
Days on Market46
Property Features for 8-10 Bayview Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-S
Bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bathroom 4
Parking features
Open, Heated
Patio and Porch features
Deck, Porch
Interior features
Bathtub, One-Floor Living, Shower, Storage
Fencing
Fenced
Basement
Unfinished, Partial
Standard status
Active
Size
4,120 SF
Lot size
2.70 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6559
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Baseboard
Cooling system
Heat Pump
Water source
Public
Water front
1
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Wood, Tile, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage, Outbuilding
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Troy Williams
(207) 475-0999
Added: Jun 12
Changed: Jul 22
Last Checked: Jul 27 at 1:06PM
MLS# 1652693
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.
This two-building residential income property includes a 1920-built duplex at 10 Bayview Lane and a detached garage structure at 8 Bayview Lane. The duplex features Unit 10A on the lower level with 3 bedrooms, 1 bathroom, a separate laundry room, and approximately 960 square feet. Unit 10B spans the second and third floors with approximately 1,400 square feet, 4 bedrooms, 2 bathrooms, and a large living room. The duplex is serviced by a shared forced hot water baseboard system and includes a basement with exterior access.
Set separately, 8 Bayview Lane is a garage structure built in 1999 with multiple bays, oversized garage doors, additional storage beneath the sunroom, and an apartment above. The main level includes office space, a lounge area, and a bathroom, along with the heating system. The upper apartment is approximately 1,960 square feet and includes 1 large bedroom, 1 bathroom, a separate laundry room, and a sunroom with its own entry overlooking the rear of the property and Spinney Creek. The garage area is gated and fully fenced, and the upper unit uses heat pumps and forced hot water baseboard heat. The property has frontage along Spinney Creek and is served by public water and sewer.
Set separately, 8 Bayview Lane is a garage structure built in 1999 with multiple bays, oversized garage doors, additional storage beneath the sunroom, and an apartment above. The main level includes office space, a lounge area, and a bathroom, along with the heating system. The upper apartment is approximately 1,960 square feet and includes 1 large bedroom, 1 bathroom, a separate laundry room, and a sunroom with its own entry overlooking the rear of the property and Spinney Creek. The garage area is gated and fully fenced, and the upper unit uses heat pumps and forced hot water baseboard heat. The property has frontage along Spinney Creek and is served by public water and sewer.
Key Highlights
- 2.7‑acre property with frontage along Spinney Creek and public water and public sewer
- Front building at 10 Bayview Lane: 1920‑built duplex with 2 residential units (10A and 10B)
- Unit 10A: approx. 960 SF, 3 bedrooms, 1 bathroom, plus a separate laundry room
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 |
4,120 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$996.4K
$871.8K – $1.16M
NOI $69,745 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$909.6K
$795.9K – $1.06M
NOI $63,672 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,421 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Two separate buildings include a duplex and a garage structure with an apartment, all on 2.7 acres with public water and sewer.
Where is this triplex located?
The property is located at 8-10 Bayview Lane Kittery, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2.7‑acre property with frontage along Spinney Creek and public water and public sewer; Front building at 10 Bayview Lane: 1920‑built duplex with 2 residential units (10A and 10B); Unit 10A: approx. 960 SF, 3 bedrooms, 1 bathroom, plus a separate laundry room
