41 Arlington Ave Westbrook, ME 04092
This 0.41-acre lot in Westbrook, Maine, presents a fully approved development opportunity for three standalone single-family rental units. Located at 41 Arlington Avenue, this property boasts a prime location within walking distance of downtown Westbrook's amenities, including restaurants, shops, and cultural attractions. The site includes an existing two-story building with an overdeveloped garage featuring a lift, offering potential for repurposing or expansion. All necessary city approvals are in place, making this a shovel-ready project poised to capitalize on the strong demand for housing in this rapidly growing city. Convenient access to I-95 and public transportation further enhances its appeal. The permitted zoning is 11. The asking price is $300,000. This value-add investment presents a unique chance to contribute to Westbrook's housing market and build a lucrative rental portfolio. Utilities are available. The property is conveniently located near downtown and midtown areas, offering residents easy access to a variety of services and attractions. This is a rare opportunity to acquire a fully approved development site in a thriving Maine community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.