Building Details

Building Size 2,418 SF

Year Built 1900

Stories 2

Units 3

Listing Agency: RE/MAX Infinity j***@gmail.com Show Phone

Listed By: Cynthia Quimby Show Phone

Source: Amerorealty

Added: Jun 1 Changed: Oct 31 Last Checked: Nov 3 at 5:56AM

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Investment Insights

Based on property information with market context.

This 2,418-square-foot triplex contains three distinct apartments: a first-floor unit with three bedrooms and two bathrooms, a renovated two-bedroom apartment upstairs, and a one-bedroom efficiency. Both bathrooms in the first-floor unit have been updated, and every apartment includes washer and dryer hookups.

Property improvements include a replacement roof, upgraded electrical service, a high-efficiency propane heating system, and spray-foam insulation in the basement. The building dates to 1900 and is zoned Res./Comm.

Key Highlights

• Three‑unit property with a three‑bedroom, two‑bath first‑floor apartment, a two‑bedroom upstairs unit, and a one‑bedroom efficiency
• 2,418 square feet
• Washer and dryer hookups in all three units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,160

Cap Rate

8.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$443,200 $443.2K

Cap Rate 7%

$316,571 $316.6K

Cap Rate 9%

$246,222 $246.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,418 SF

Gross rent

$33.4K $13.80/SF

− Vacancy

−$1.7K −$0.71/SF

EGI

$31.7K $13.09/SF

− OpEx

−$9.5K −$3.93/SF

NOI

$22.2K $9.16/SF

Area

Penobscot County, ME

Vacancy

5.13%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$443,200

Cap Rate 7%

$316,571

Cap Rate 9%

$246,222

Alternative Uses

Best Use

Multifamily LT 5

$316.6K

$277.0K – $369.3K (±1% cap)

NOI $22,160 @ 7.0% cap · market cap 8.90%

Second Best

Apartment 5plus

$291.2K

$254.8K – $339.7K (±1% cap)

NOI $20,381 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$780.9K

$683.3K – $911.1K (±1% cap)

NOI $54,666 @ 7.0% cap · market cap 21.95%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

196

Businesses Nearby

Explore this area Business Placement

Demographics for 04930, ME

4,287

Population

2,463

Households

1.7

Avg Household Size

48

Median Age

17%

College-Educated

92%

High-School Grad

60.3 sq mi

ZIP Area

71

Density / Sq Mi

$53,537

Median Household Income

$38,085

Median Earnings

$891

Median Rent

$159,200

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 - Three apartments offer a mix of two-, three-, and one-bedroom layouts, each with washer and dryer hookups.

Where is this triplex located?

The property is located at 99 Church Street Dexter, ME.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Three‑unit property with a three‑bedroom, two‑bath first‑floor apartment, a two‑bedroom upstairs unit, and a one‑bedroom efficiency; 2,418 square feet; Washer and dryer hookups in all three units