Under $500K Investment Properties for Sale in Hallowell, ME
Listed for sale 1 day ago
$ 399,000
ROI
25.3
Cash Flow/m
610- 5 Bed
- 3 Bath
- 2304 sft
2 Warren Street, Hallowell, ME, 04347
$ 424,900
ROI
21.8Cash Flow/m
236- 3 Bed
- 4 Bath
- 1750 sft
21 High Street, Hallowell, ME, 04347
$ 409,900
ROI
21.0Cash Flow/m
138- 3 Bed
- 2 Bath
- 2038 sft
2 Greenville Street, Hallowell, ME, 04347
$ 499,000
ROI
23.9Cash Flow/m
574- 4 Bed
- 3 Bath
- 3527 sft
94 Smith Road, Hallowell, ME, 04347
Why Invest in Hallowell, Maine?
Investing in properties under $500k in Hallowell, ME offers a solid entry point into a stable market with growing rental demand. This area boasts an average ROI of 7.2%, a rental yield of 6.5%, and cap rates around 5%, reflecting healthy investor returns. With average cash flow near $1,200 per property and steady appreciation rates at 3.5%, Hallowell attracts investors seeking balanced growth. The city features a renter-occupied rate of approximately 38%, indicating a strong tenant base for long-term investments.
7.2%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Hallowell is approximately 7.2%, offering investors a solid balance of income and growth potential.
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