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Pondside Apartment Building

8 Prince St, Lincoln, ME 04457

For Sale
$550,000

Five apartments feature private decks and access to a shared dock on Mattanawcook Pond.

Property Size6,100 SF
Price / SF$90.16
Days on Market42

Property Features for 8 Prince St

General Information

Standard status Active
Size 6,100 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 1BR, 3 x 2BR, 1 x 3BR
Multifamily Units 5

Amenities

private dock
private decks

Building Details

Year Built 1971
Listed By: Doug Schauf · License ME BA917314
Source: Makemaineyourhome
Added: Oct 5 Changed: Nov 14 Last Checked: Nov 14 at 6:14AM

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 Doug Schauf

Rey
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Investment Insights

Based on property information with market context.

This 6,100-square-foot apartment building was constructed in 1971 and contains five units: one one-bedroom, three two-bedroom, and one three-bedroom apartment. Each unit has a private deck. Residents share use of a dock on Mattanawcook Pond.

A public beach and park are nearby, while the town office, shops, and restaurants are within walking distance.

Key Highlights

  • Five apartments: one 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit
  • Each apartment has a private deck
  • Shared dock on Mattanawcook Pond

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

227
Businesses Nearby

Demographics for 04457, ME

5,689
Population
3,587
Households
1.6
Avg Household Size
48
Median Age
21%
College-Educated
94%
High-School Grad
258.8 sq mi
ZIP Area
22
Density / Sq Mi
$51,403
Median Household Income
$32,646
Median Earnings
$647
Median Rent
$126,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Penobscot County, ME

$200 Jul
$120 Aug
$123 Sep
$127 Oct

Properties on Market for Apartment buildings in Penobscot County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five apartments feature private decks and access to a shared dock on Mattanawcook Pond.
Where is this apartment building located?
The property is located at 8 Prince St Lincoln, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Five apartments: one 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit; Each apartment has a private deck; Shared dock on Mattanawcook Pond
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