4-Unit
87 High Street, Saco, ME 04072
For Sale
$675,000
Parking is provided on site for every residence, with a mix of two-, three-, and four-bedroom layouts.
Property Size3,881 SF
Price / SF$173.92
Days on Market211
Property Features for 87 High Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Harborview Properties, Inc.
Listed By:
Nicholas Siviski
(207) 878-7802
Source:
Integrityhomesrealestategroup
Added: Apr 15
Changed: Nov 11
Last Checked: Nov 11 at 2:07AM
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 Harborview Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1966, this HDR-zoned quadplex contains 3,881 square feet across four residences. The unit mix comprises two 2-bedroom apartments, one 3-bedroom apartment, and one 4-bedroom residence extending across portions of the first and second floors. The larger residence has a spiral staircase, and each unit has access to off-street parking.
At 87 High Street in Saco, the property is near downtown, shops, and schools. Major roadways and rail connections are also accessible from the area.
At 87 High Street in Saco, the property is near downtown, shops, and schools. Major roadways and rail connections are also accessible from the area.
Key Highlights
- Four residences: two 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit
- 3,881 square feet; built in 1966
- 4‑bedroom residence extends across portions of the first and second floors and includes a spiral staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,978
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,560
$1.2M
Cap Rate 7%
$856,829
$856.8K
Cap Rate 9%
$666,422
$666.4K
Market Conditions
NOI Build-Up for 3,881 SF
Gross rent
$115.0K $29.64/SF
− Vacancy
−$6.0K −$1.54/SF
EGI
$109.1K $28.10/SF
− OpEx
−$49.1K −$12.64/SF
NOI
$60.0K $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%
$1,199,560
Cap Rate 7%
$856,829
Cap Rate 9%
$666,422
Alternative Uses
Best Use
Multifamily LT 5
$938.6K
$821.2K – $1.09M
NOI $65,699 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$856.8K
$749.7K – $999.6K
NOI $59,978 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,118 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Parking is provided on site for every residence, with a mix of two-, three-, and four-bedroom layouts.
Where is this quadplex located?
The property is located at 87 High Street Saco, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four residences: two 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit; 3,881 square feet; built in 1966; 4‑bedroom residence extends across portions of the first and second floors and includes a spiral staircase
