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    Restored Mill Multifamily Property
    Updated: Apr 17
    Restored Mill Multifamily Property

    21 Mill Road, Falmouth, ME 04105

    $1,200,000
    2,400 sqft 0.27 AC lot
    Restored mill property with a 2‑bedroom main dwelling unit plus an ADU and separate guest quarters
    Situated on the banks of a stream (Piscataqua River per remarks)
    Includes in‑law apartment (ADU) and separate guest quarters
    Under construction; year built listed as 1890 with Colonial architectural style
    Tankless water heater and multiple heating sources including natural gas, wood stove, and wood
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    This listing looks promising.

    Here's a quick look at some key insights for

    21 Mill Road, Falmouth, ME 04105

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $564K
      Suggested

    • Property Type

      Duplex
      Built 1890
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Falmouth, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Duplex with Daylight Basements
    Turnkey Duplex with Daylight Basements

    59-61 Maggie Lane, Portland, ME 04103

    $660,000
    1,872 sqft 0.49 AC lot

    Two townhouse-style units with updated interiors and full daylight basements offer flexible living and rental income.

    View details
    Well-Maintained 44-Unit Apartment Complex
    Well-Maintained 44-Unit Apartment Complex

    1390 Forest Avenue, Portland, ME 04103

    $9,999,500
    39,592 sqft 3.80 AC lot

    44-unit apartment complex on 3.8 acres in Portland, Maine.

    View details
    Mixed-Use Building in Downtown Portland
    Mixed-Use Building in Downtown Portland

    1435 Forest Avenue, Portland, ME 04103

    $625,000
    2,910 sqft 7,405.00 AC lot

    Mixed-use building with storefront and apartment in downtown Portland.

    View details
    44-Unit Apartment Complex with Multiple Buildings
    44-Unit Apartment Complex with Multiple Buildings

    1390 Forest Avenue, Portland, ME 04103

    $9,999,500
    3.80 AC lot

    Forty-four two-bedroom apartments across five buildings, with heat and hot water included and on-site storage and parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Land in Gorham, Maine
    Wooded Land in Gorham, Maine

    30 Boreal Drive, Gorham, ME 04038

    $425,000
    5.46 AC lot

    5+ acre wooded parcel near Gorham's downtown.

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    Residential Land in Rural Setting
    Residential Land in Rural Setting

    Lot 26C Jennings Road, Leeds, ME 04263

    $69,000
    307,098.00 AC lot

    7.05-acre lot in Leeds, Maine, ready for home plans.

    View details
    Augusta Land For Sale
    Augusta Land For Sale

    Map 15 Lot 6C Spring Road, Augusta, ME 04330

    $99,000
    14.63 AC lot

    14.63 acre lot in Augusta's Rural Village Zoning.

    View details
    Augusta Buildable Lot For Sale
    Augusta Buildable Lot For Sale

    214 Mount Vernon Avenue, Augusta, ME 04330

    $49,900
    0.36 AC lot

    0.36 acre lot with public utilities, mobile homes allowed.

    View details

    Falmouth, ME Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Falmouth, ME on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for multifamily properties in Falmouth, ME start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 13K
    Population Growth (5Y) +6.4%
    Median Household Income $131,833

    High-Yield Neighborhoods for Investment

    Identify Falmouth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04105 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.28%
    Property Tax per SF $35.05 per SF
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cumberland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cumberland County

    Retail

    Residential Income

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