8 20 24 & 46 Martins Lane, Glenburn, ME 04401
COMMERCIAL - Glenburn, ME
- Added:
- Jun 22, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 23 at 8:06 am
Property Features for 8 20 24 & 46 Martins Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RD
- Rooms
- Basement
- Basement
- Full, Partial, Finished
- Standard status
- Active
- Size
- 7,002 SF
- Lot size
- 245.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13911
Utilities
- Sewer type
- Holding Tank, Private Sewer, Septic Tank
- Heating system
- Baseboard, Heat Pump (Heating), Hot Water(Heating), Propane (Heating), Oil, Wood
- Cooling system
- Heat Pump
- Water source
- Well, Private
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1996
- Number of units
- 4
- Flooring type
- Laminate, Carpet, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Metal
Listing agent Sara Harvey (207) 653-2043
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Jun 22, 2026
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
- Four residential homes on approx. 245 private acres in Glenburn
- Private pond plus deeded access to Pushaw Lake for boating, fishing, and recreation
- Multiple homes with established rental income; options include expanding or using for guest accommodations
- Outbuildings and substantial garage space, plus 20+ parking spaces to support various uses
- Year built 1996; wood frame construction with vinyl siding
- Utilities include well/private water and private sewer systems (septic tank and holding tank)
Overview
The property is located in Glenburn, Maine, and is described as being just minutes from Bangor, Orono, Brewer, and I-95. The rural setting emphasizes privacy and outdoor recreation possibilities, supported by the on-site pond and lake access.
The existing homes and current multi-family configuration can suit an investor or operator looking for residential income. The outdoor amenities and land breadth also make the property worth considering for guest accommodations or other business uses that benefit from privacy and recreational access. With outbuildings, garage space, and ample parking, the site provides practical infrastructure for tenants, seasonal guests, or operational needs. Zoning is listed as RD.
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 | $96.6k | $13.80 |
| − Vacancy | −$5.0k | −$0.71 |
| EGI | $91.7k | $13.09 |
| − OpEx | −$27.5k | −$3.93 |
| NOI | $64.2k | $9.16 |
Alternative Uses
Current Use by Public Records
Map
- City
- Glenburn
- County
- Penobscot
- State
- Maine
- Longitude
- -68.8311
- Latitude
- 44.8521
