Lakefront Mixed-Use Income
8 Emery Corner Road, Limerick, ME 04048
MULTI_FAMILY - Ranch - Limerick, ME
Type:Single Family Residence
Property size:
2,064 SFLot size:
0.30 AcresPrice / SF:
$302/SF- Added:
- May 30, 2026
- Days on Market:
- 33
- Last Refresh:
- Jul 1 at 7:06 pm
Property Features for 8 Emery Corner Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Village
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Security features
- Security System
- Interior features
- One-Floor Living
- Basement
- Walk-Out Access, Full, Finished
- Standard status
- Active
- Size
- 2,064 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4014
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Propane (Heating), Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
- Water front features
- Waterfront, Lake
- Water front
- 1
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Masonry, Wood Frame, Clapboard, Other Exterior
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Robert Letellier (207) 590-5178
Listing office Coldwell Banker Realty 120 Main Street, Suite 243, Saco, ME (207) 282-5988
Listing date May 30, 2026
MLS# 1655282
Listing URL
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.
HighLights
- Lakefront ranch on Sokokis Lake with deep water frontage, private dock, swim area, and small beach access point
- Zoned business/residential with two fully occupied rental units plus an established on‑site laundromat for multiple income streams
- Unit A (upper front) is a renovated studio with all‑new finishes completed approximately four years ago, plus dimmable lighting
- Unit B (lower rear) refreshed July–Sept 2025 with new flooring, updated plumbing, new stove, fresh paint, and replacement windows, plus dimmable lighting
- Utilities include public water and public sewer; heating includes zoned systems with natural gas/baseboard and hot water; on‑demand tankless hot water
- Roof replaced in phases: about half completed approximately three years ago; remaining portion several years prior; newer windows/doors and updated electrical panels/wiring
Overview
Located on Sokokis Lake in Limerick, Maine, this mixed-use property offers a blend of residential and commercial opportunities. Zoned for business and residential use, the lakefront property includes two occupied rental units and an established laundromat, providing multiple income streams. The property has undergone updates, including newer windows and doors, updated electrical panels and wiring, and on-demand tankless hot water systems. The roof has been replaced in phases, with half completed approximately three years ago and the remaining portion several years prior. Unit A, a studio, was renovated approximately four years ago with new finishes. Unit B was recently refreshed between July and September 2025 with new flooring, updated plumbing, a new stove, fresh paint, and replacement windows. Both units feature dimmable lighting. The laundromat includes a utility room housing independent systems for heat, hot water, and security. The property offers expansion potential under current zoning. Situated on deep water frontage, the property features a private dock, swim area, and small beach access point. It is located within walking distance to local amenities, including dining and coffee shops. The property size is 2064 square feet on a 0.3-acre lot.
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 | $52.5k | $25.44 |
| − Vacancy | −$2.6k | −$1.26 |
| EGI | $49.9k | $24.18 |
| − OpEx | −$15.0k | −$7.25 |
| NOI | $34.9k | $16.93 |
2,064 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.1K
$436.8K – $582.3K
NOI $34,940 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$455.7K
$398.7K – $531.6K
NOI $31,898 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$654.3K
$572.5K – $763.3K
NOI $45,799 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Laundromat
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Limerick
- County
- York
- State
- Maine
- Longitude
- -70.785461
- Latitude
- 43.699022
FAQs
What type of property is this?
Duplex - Mixed-use property with rental units and laundromat on Sokokis Lake.
Where is this duplex located?
The property is located at 8 Emery Corner Road Limerick, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Lakefront ranch on Sokokis Lake with deep water frontage, private dock, swim area, and small beach access point; Zoned business/residential with two fully occupied rental units plus an established on‑site laundromat for multiple income streams; Unit A (upper front) is a renovated studio with all‑new finishes completed approximately four years ago, plus dimmable lighting
