Three-Unit Multifamily
8 Lebanon Street, Sanford, ME 04073
For Sale
$525,000
The apartments combine one- and two-bedroom layouts, with current residents on month-to-month agreements.
Property Size2,658 SF
Price / SF$197.52
Days on Market42
Property Features for 8 Lebanon Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
off-street parking
walk-up attic
basement storage
Building Details
Year Built
Tenancy
Listing Agency:
Red Post Realty,LLC
Listed By:
Brent McIntire
(603) 502-5547
Source:
Profoundrealestate
Added: Oct 4
Changed: Nov 12
Last Checked: Nov 12 at 7:59AM
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 Red Post Realty,LLC
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Investment Insights
Based on property information with market context.
This 2,094-square-foot multifamily property contains three apartments with a mix of one- and two-bedroom layouts. Each unit is occupied under a month-to-month tenancy. Building features include a full walk-up attic and basement storage, along with off-street parking.
The property is in Sanford, near downtown, shopping, and everyday amenities.
The property is in Sanford, near downtown, shopping, and everyday amenities.
Key Highlights
- Three apartments totaling 2,094 square feet
- Mix of one- and two‑bedroom apartment layouts
- All units occupied on month‑to‑month tenancies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,995
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,900
$899.9K
Cap Rate 7%
$642,786
$642.8K
Cap Rate 9%
$499,944
$499.9K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$67.6K $25.44/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$64.3K $24.18/SF
− OpEx
−$19.3K −$7.25/SF
NOI
$45.0K $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%
$899,900
Cap Rate 7%
$642,786
Cap Rate 9%
$499,944
Alternative Uses
Best Use
Multifamily LT 5
$642.8K
$562.4K – $749.9K
NOI $44,995 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$586.8K
$513.5K – $684.6K
NOI $41,078 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$842.6K
$737.3K – $983.0K
NOI $58,980 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in York County, ME
Properties on Market for Triplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The apartments combine one- and two-bedroom layouts, with current residents on month-to-month agreements.
Where is this triplex located?
The property is located at 8 Lebanon Street Sanford, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three apartments totaling 2,094 square feet; Mix of one- and two‑bedroom apartment layouts; All units occupied on month‑to‑month tenancies
