7 Main St Norway, ME 04268

This exceptional investment opportunity comprises three multifamily properties totaling 72 units across eight buildings in Norway and Bethel, Maine. The portfolio boasts 64,800 square feet of net rentable space situated on a 259,120 square foot lot. Built in 1977, these Class B apartment buildings currently enjoy 100% occupancy, generating a substantial net operating income (NOI) of $378,505, representing a 7.01% capitalization rate. The asking price is $5,400,000, or $75,000 per unit. The properties are comprised of two complexes in Norway (7 Main St and 15 Main St) and one in Bethel (12 Evergreen Rd). This portfolio benefits from a long-term subsidy program extending until 2032, ensuring continued income stability. The properties are two stories each and are professionally managed. This represents a rare opportunity to acquire a well-performing, stabilized multifamily portfolio in a desirable Maine location. The substantial NOI and high occupancy rate make this an attractive investment with significant potential for future growth. This is a 100% ownership opportunity.