Three-Unit Triplex with Separate
95 Gray Street, Portland, ME 04102
For Sale
$849,900
Three three-bedroom units offer individual utilities, hardwood flooring, and off-street parking.
Property Size3,200 SF
Price / SF$265.59
Days on Market202
Property Features for 95 Gray Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
new windows
off-street parking
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Portside Real Estate Group
(207) 619-7571
Listed By:
Veronica Schneider
(207) 838-4034
Source:
Integrityhomesrealestategroup
Added: Apr 27
Changed: Nov 11
Last Checked: Nov 13 at 7:56PM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
This triplex contains three units, each with three bedrooms, within a 3,200-square-foot building constructed in 1875. Hardwood flooring is present, and nearly all windows have been replaced. Each unit has separate utilities, and the property includes off-street parking.
Located on Gray Street in Portland’s West End, the property is zoned R6.
Located on Gray Street in Portland’s West End, the property is zoned R6.
Key Highlights
- Three units, each with 3 bedrooms
- 3,200‑square‑foot building, built in 1875
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,549
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,980
$1.1M
Cap Rate 7%
$807,843
$807.8K
Cap Rate 9%
$628,322
$628.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$86.4K $27.00/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$80.8K $25.25/SF
− OpEx
−$24.2K −$7.57/SF
NOI
$56.5K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,980
Cap Rate 7%
$807,843
Cap Rate 9%
$628,322
Alternative Uses
Best Use
Multifamily LT 5
$807.8K
$706.9K – $942.5K
NOI $56,549 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$751.6K
$657.6K – $876.8K
NOI $52,610 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$879.5K
$769.6K – $1.03M
NOI $61,567 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,696
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Portland, ME
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three three-bedroom units offer individual utilities, hardwood flooring, and off-street parking.
Where is this triplex located?
The property is located at 95 Gray Street Portland, ME.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Three units, each with 3 bedrooms; 3,200‑square‑foot building, built in 1875; Separate utilities for each unit
