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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Millinocket, ME
$ 154,900
ROI
32.0
Cash Flow/m
526- 8 Bed
- 3 Bath
- 2925 sft
88 Pine Street, Millinocket, ME, 04462
Rental Income
$ 189,000
ROI
35.6Cash Flow/m
833- 4 Bed
- 2 Bath
- 2000 sft
68 Prospect Street, Millinocket, ME, 04462
Rental Income
$ 205,000
ROI
28.7Cash Flow/m
508- 6 Bed
- 2 Bath
- 2280 sft
26 Central Street, Millinocket, ME, 04462
$ 109,500
ROI
52.6Cash Flow/m
1002- 4 Bed
- 2 Bath
- 1464 sft
333 Penobscot Avenue, Millinocket, ME, 04462
Why Invest in Millinocket, Maine?
Investing in multi-family properties in Millinocket, ME offers unique opportunities due to its stable rental market and affordable average rents. The current average cash flow and cap rates in this area support sustainable income for investors. With a consistent rental yield and moderate appreciation, Millinocket presents a strong case for long-term investment. Additionally, the renter-occupied rate reflects a healthy demand for multi-family housing in this town.
6%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for multi-family properties in Millinocket is approximately 7%, reflecting stable rental income compared to investment costs.
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