Multifamily Property with Detached
New
For Sale
$679,000
859 Goodwin Rd, Eliot, ME 03903
A finished lower level with its own entrance adds flexible space alongside the main-level residence.
Property Size2,364 SF
Price / SF$287.23
Days on Market2
Property Features for 859 Goodwin Rd
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Construction
ranch
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:54AM
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 Crown Lakes Realty
Investment Insights
Based on property information with market context.
This 2,364-square-foot multifamily property was built in 1960 and includes a ranch-style main level with two bedrooms and one bathroom. The finished lower level has a separate entrance, kitchen and living area, bedroom, bathroom, office and den. An attached two-car garage is complemented by a detached barn with high ceilings and a walk-up second level for additional storage.
The property is in Eliot, with Portsmouth, Kittery and Dover identified as nearby destinations, along with shopping, restaurants and major commuter routes.
The property is in Eliot, with Portsmouth, Kittery and Dover identified as nearby destinations, along with shopping, restaurants and major commuter routes.
Key Highlights
- 2,364‑square‑foot property built in 1960
- Main level includes two bedrooms and one bathroom
- Finished lower level has a separate entrance, kitchen/living area, bedroom, bathroom, office and den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,534
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,680
$730.7K
Cap Rate 7%
$521,914
$521.9K
Cap Rate 9%
$405,933
$405.9K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$70.1K $29.64/SF
− Vacancy
−$3.6K −$1.54/SF
EGI
$66.4K $28.10/SF
− OpEx
−$29.9K −$12.64/SF
NOI
$36.5K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,680
Cap Rate 7%
$521,914
Cap Rate 9%
$405,933
Alternative Uses
Best Use
Apartment 5plus
$521.9K
$456.7K – $608.9K
NOI $36,534 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.4K
$655.7K – $874.3K
NOI $52,456 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 03903, ME
6,717
Population
3,092
Households
2.2
Avg Household Size
48
Median Age
41%
College-Educated
100%
High-School Grad
19.8 sq mi
ZIP Area
339
Density / Sq Mi
$100,472
Median Household Income
$44,375
Median Earnings
$1,837
Median Rent
$465,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - A finished lower level with its own entrance adds flexible space alongside the main-level residence.
Where is this multifamily property located?
The property is located at 859 Goodwin Rd Eliot, ME.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,364‑square‑foot property built in 1960; Main level includes two bedrooms and one bathroom; Finished lower level has a separate entrance, kitchen/living area, bedroom, bathroom, office and den
