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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Hallowell, ME
$ 185,000
ROI
20.4
Cash Flow/m
31- 1 Bed
- 2 Bath
- 900 sft
116 2nd Street #3, Hallowell, ME, 04347
$ 202,000
ROI
27.2Cash Flow/m
418- 2 Bed
- 1 Bath
- 761 sft
85 Middle Street #6, Hallowell, ME, 04347
$ 295,000
ROI
24.5Cash Flow/m
386- 2 Bed
- 2 Bath
- 1300 sft
9 Oakwood Drive UNIT 9, Hallowell, ME, 04347
$ 325,000
ROI
20.3Cash Flow/m
45- 1 Bed
- 1 Bath
- 1240 sft
15 Middle Street #3, Hallowell, ME, 04347
Why Invest in Hallowell, Maine?
Investing in condo properties in Hallowell, ME offers a unique opportunity for steady income and long-term growth. This market shows an average ROI around 6%, with rental yields near 7%, driven by the city’s balanced demand and affordable housing stock. Cap rates typically hover near 5%, while investors benefit from average monthly rents of approximately $1,200 and consistent cash flow. Appreciation has remained modest but stable in recent years, providing a reliable environment for condo investment in this charming Maine community.
6%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Hallowell is approximately 7%, reflecting stable demand and reasonable rental prices in the area.
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