Under $500K Investment Properties for Sale in Castine, ME
916- 3 Bed
- 2 Bath
- 1800 sft
752- 3 Bed
- 2 Bath
- 1800 sft
292- 3 Bed
- 2 Bath
- 1600 sft
209- 3 Bed
- 2 Bath
- 1040 sft
128- 3 Bed
- 1 Bath
- 1102 sft
171- 2 Bed
- 1 Bath
- 1057 sft
170- 2 Bed
- 1 Bath
- 662 sft
154- 3 Bed
- 1 Bath
- 1386 sft
- 3 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 1032 sft
156- 4 Bed
- 1 Bath
- 1200 sft
- 2 Bed
- 2 Bath
- 1120 sft
980- 1 Bed
- 1 Bath
- 505 sft
131- 4 Bed
- 2 Bath
- 1482 sft
168- 1 Bed
- 1 Bath
- 680 sft
136- 2 Bed
- - Bath
- 288 sft
407- 3 Bed
- 3 Bath
- 2250 sft
171- 2 Bed
- 2 Bath
- 924 sft
142- 4 Bed
- 2 Bath
- 1666 sft
147- 2 Bed
- 1 Bath
- 702 sft
148- 3 Bed
- 2 Bath
- 1176 sft
132- 3 Bed
- 2 Bath
- - sft
158- 3 Bed
- 1 Bath
- 1050 sft
253- 2 Bed
- 2 Bath
- 924 sft
-- 3 Bed
- 1 Bath
- 1200 sft
162- 2 Bed
- 1 Bath
- 1500 sft
795- 2 Bed
- 2 Bath
- 840 sft
Why Invest in Castine, Maine?
Investing in Castine, ME under $500k offers an opportunity to tap into a stable rental market with an average ROI of 6.1%. This charming town features a cap rate of 5.2% and a rental yield of 5.8%, making it attractive for real estate investors. Average cash flow remains strong at $1,200, supported by median rents around $1,100 monthly and consistent appreciation rates of 2.1%. With a renter-occupied rate of 38%, the demand remains steady, providing a favorable environment for rental investments in this segment.
Frequently Asked Questions
Properties under $500k in Castine generally include single-family homes, small duplexes, and some condo units. These types are suitable for rental investments due to steady occupancy rates.
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