96 Mineral Spring Road Windham, ME 04062
MULTI_FAMILY - Windham, ME
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 agent Jacqueline Griffeth (207) 318-8751
Listing office Krainin Real Estate 1539 Roosevelt Trail, So. Casco, ME (207) 655-3811
Listing date Jul 13, 2026
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.
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 |
