About this home
Fully occupied 4-unit multifamily offering spacious layouts and exceptional in-place returns. The property features three large three-bedroom units and one one-bedroom unit, providing a highly desirable unit mix with broad tenant appeal. Currently producing a 13% cap rate, the asset delivers immediate, stable cash flow with additional upside potential through future rent growth and operational efficiencies. A rare opportunity to acquire a high-yield, fully occupied property with strong long-term investment fundamentals.
Listing last checked: Listing updated:
Listed by Listing Agent · Elevate Maine Realty · MLS #1652668
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard
- Cooling
- None
- Flooring
- Tile, Vinyl, Wood
Building4 property facts
- Style
- Other
- Year built
- 1923
- Garage
- 2
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.12 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Residential
Financial2 property facts
- Annual taxes
- $2,585
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $225,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,353 / monthAdjust
- Principal & interest
- $1,138
- Property tax
- $215
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $2,585. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 154 Essex Avenue
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Request a tour of 154 Essex Avenue and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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