96 Mineral Spring Road Windham, ME 04062
Multi-unit property near Sebago Lake association access, offering flexible living space and requiring updates to realize its potential.
- Added:
- Feb 23, 2026
- Days on Market:
- 141
- Last Refresh:
- Jul 10 at 2:43 am
Property Features for 96 Mineral Spring Road
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1940
Listing office Krainin Real Estate
Listing date Feb 23, 2026
Source Profoundrealestate
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 Krainin Real Estate
Investment Insights
Based on property information with market context.
Located near Sebago Lake, the property is described as a short walk to association access. The surrounding area also offers local amenities, restaurants, and year-round recreation.
The listing is being offered for sale as a back-on-market opportunity for buyers seeking a value-add residential income asset in the Windham/Sebago Lake area.
Key Highlights
- Multi‑unit property built in 1940 near Sebago Lake association access
- Offers flexible living space with the possibility for rental income or multi‑generational use
- Requires updates and improvements to realize its potential
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.5k | $31.80 |
| − Vacancy | −$5.6k | −$1.91 |
| EGI | $87.9k | $29.89 |
| − OpEx | −$39.5k | −$13.45 |
| NOI | $48.3k | $16.44 |
