Multi-Unit Residential
96 Mineral Spring Road Windham, ME 04062
New
96 Mineral Spring Road, Windham, ME, 04062
$559,000
For Sale
$559,000
MULTI_FAMILY - Windham, ME
Property Size2,940 SF
Lot Size1.56 Acres
Price / SF$190.14
Days on Market4
Property Features for 96 Mineral Spring Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RL
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Basement, Bathroom 4, Bathroom 2
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,940 SF
- Lot size
- 1.56 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8361
Utilities
- Sewer type
- Private Sewer
- Heating system
- Oil, Forced Air
- Water source
- Private
- Water front
- 1
Building Details
- Year built
- 1940
- Number of units
- 3
- Flooring type
- Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding, Wood Siding
- Roof type
- Metal
Listing Agency
Krainin Real Estate
(207) 655-3811
1539 Roosevelt Trail, So. Casco, ME
Listed by
Jacqueline Griffeth
(207) 318-8751
Added: Jul 13 Checked: Jul 16 at 5:06 pm
MLS# 1653714
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-unit residential property includes a triplex-style configuration and flexible living space. The home requires updates and improvements, making it well suited for buyers looking for a renovation project with income and layout flexibility. The property size is listed at 2,940 square feet on a 1.56-acre lot.
Located at 96 Mineral Spring Road in Windham, Maine, the listing notes short-walk access to association access on Sebago Lake. The remarks also indicate proximity to local amenities, restaurants, and year-round recreation.
Zoning is listed as RL, and the offering is presented as a residential income opportunity.
Located at 96 Mineral Spring Road in Windham, Maine, the listing notes short-walk access to association access on Sebago Lake. The remarks also indicate proximity to local amenities, restaurants, and year-round recreation.
Zoning is listed as RL, and the offering is presented as a residential income opportunity.
Key Highlights
- Multi‑unit property requiring updates and improvements
- Built in 1940 with wood‑frame construction and vinyl and wood siding
- Metal roof
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 |
2,940 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$742.2K
$649.4K – $865.9K
NOI $51,954 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$690.5K
$604.2K – $805.6K
NOI $48,335 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$808.1K
$707.1K – $942.7K
NOI $56,564 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex-style income property on RL-zoned land requiring updates, with short-walk association lake access nearby.
Where is this triplex located?
The property is located at 96 Mineral Spring Road Windham, ME.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Multi‑unit property requiring updates and improvements; Built in 1940 with wood‑frame construction and vinyl and wood siding; Metal roof
