Building Details

Year Built 1915

Buildings 1

Listing Agency: Keller Williams Realty

Listed By: Franklin Katunda Show Phone

Source: Profoundrealestate

Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 2:38PM

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Investment Insights

Based on property information with market context.

This 3,000-square-foot triplex, built in 1915, contains three apartments. The first and second floors each have a three-bedroom, one-bath unit; the third-floor apartment has one bedroom and one bath. Laundry hookups are provided in the first- and second-floor units, and enclosed porches add space to the building. Updates have been made to the units and sewer piping, with work on the second-floor apartment still being finalized.

The property occupies a 0.44-acre corner lot at 97 Twombley Road in Sanford, Maine. Off-street parking is available for residents and visitors.

Key Highlights

• Three apartments: two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
• 3,000 square feet; built in 1915
• 0.44‑acre corner lot at 97 Twombley Road, Sanford, ME 04073

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,785

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,015,700 $1.0M

Cap Rate 7%

$725,500 $725.5K

Cap Rate 9%

$564,278 $564.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$76.3K $25.44/SF

− Vacancy

−$3.8K −$1.26/SF

EGI

$72.5K $24.18/SF

− OpEx

−$21.8K −$7.25/SF

NOI

$50.8K $16.93/SF

Area

York County, ME

Vacancy

4.94%

Lease Rate

$25.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,015,700

Cap Rate 7%

$725,500

Cap Rate 9%

$564,278

Alternative Uses

Best Use

Multifamily LT 5

$725.5K

$634.8K – $846.4K (±1% cap)

NOI $50,785 @ 7.0% cap · market cap 9.07%

Second Best

Apartment 5plus

$662.3K

$579.5K – $772.7K (±1% cap)

NOI $46,363 @ 7.0% cap · market cap 8.28%

Theoretical Best

Office A

$951.0K

$832.1K – $1.11M (±1% cap)

NOI $66,569 @ 7.0% cap · market cap 11.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Storage Facility Bakery Skin Care Clinic Garden Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

399

Businesses Nearby

Explore this area Business Placement

Demographics for 04073, ME

17,283

Population

7,772

Households

2.2

Avg Household Size

41

Median Age

21%

College-Educated

90%

High-School Grad

37.7 sq mi

ZIP Area

458

Density / Sq Mi

$69,135

Median Household Income

$42,758

Median Earnings

$1,145

Median Rent

$259,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - The three apartments offer a mix of two- and three-bedroom layouts, with laundry hookups in the first- and second-floor units.

Where is this triplex located?

The property is located at 97 Twombley Road Sanford, ME.

What is the asking price?

The asking price for this property is $559,999.

What are key features of this property?

This property features: Three apartments: two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 3,000 square feet; built in 1915; 0.44‑acre corner lot at 97 Twombley Road, Sanford, ME 04073