6-Unit Multifamily
91 Bradley St, Saco, ME 04072
For Sale
$1,550,000
Pending
Renovated interiors and in-unit laundry serve a fully occupied residential property.
Property Size6,321 SF
Days on Market13
Property Features for 91 Bradley St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Site & Location
Highway Access
Public Transit
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
private or shared outdoor space
large backyard
Building Details
Year Built
Listing Agency:
(207) 310-8592
Listed By:
Carol Kline
Source:
Klinerealtygroup
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 9 at 12:19PM
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 Carol Kline
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Investment Insights
Based on property information with market context.
Built in 1892, this six-unit multifamily property measures 6,321 square feet and is fully occupied. Improvements include updated electrical and plumbing, newer insulation, energy-efficient windows, basement spray foam, an updated boiler, and renovations within the units. Kitchens have granite countertops and stainless steel appliances, while each apartment also includes in-unit laundry, solid wood doors, and LED or recessed lighting. All three roof sections have been updated during the ownership period, with the front section redone recently.
The property provides parking for 13 vehicles, outdoor space for each unit, and an owner-accessed garage and storage area. Additional site features include a timber-framed trash shed and a large backyard. The investment has a 7.40% in-place cap rate. A 2021 property survey is available; any future expansion would be subject to municipal approvals.
The property provides parking for 13 vehicles, outdoor space for each unit, and an owner-accessed garage and storage area. Additional site features include a timber-framed trash shed and a large backyard. The investment has a 7.40% in-place cap rate. A 2021 property survey is available; any future expansion would be subject to municipal approvals.
Key Highlights
- Six units, 6,321 square feet, and full occupancy
- 7.40% in‑place cap rate
- Parking for 13 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,687
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,740
$2.0M
Cap Rate 7%
$1,395,529
$1.4M
Cap Rate 9%
$1,085,411
$1.1M
Market Conditions
NOI Build-Up for 6,321 SF
Gross rent
$187.4K $29.64/SF
− Vacancy
−$9.7K −$1.54/SF
EGI
$177.6K $28.10/SF
− OpEx
−$79.9K −$12.64/SF
NOI
$97.7K $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%
$1,953,740
Cap Rate 7%
$1,395,529
Cap Rate 9%
$1,085,411
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,687 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,261 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
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
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in York County, ME
Properties on Market for Apartment buildings in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors and in-unit laundry serve a fully occupied residential property.
Where is this apartment building located?
The property is located at 91 Bradley St Saco, ME.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Six units, 6,321 square feet, and full occupancy; 7.40% in‑place cap rate; Parking for 13 vehicles
