Under $300K Investment Properties for Sale in Millinocket, ME
Listed for sale 3 days ago
$ 244,900
ROI
30.7
Cash Flow/m
745- 3 Bed
- 2 Bath
- 1338 sft
6 Pleasant Street, Millinocket, ME, 04462
$ 150,000
ROI
24.6Cash Flow/m
202- 3 Bed
- 1 Bath
- 988 sft
47 New Jersey Street, MILLINOCKET, ME, 04462
Listed for sale 3 days ago
$ 185,900
ROI
25.5Cash Flow/m
296- 4 Bed
- 2 Bath
- 1485 sft
120 Prospect Street, Millinocket, ME, 04462
$ 139,000
ROI
25.4Cash Flow/m
218- 2 Bed
- 1 Bath
- 1040 sft
156 Congress Street, Millinocket, ME, 04462
Why Invest in Millinocket, Maine?
Investing in Millinocket, ME, under $300k offers a unique opportunity to capitalize on affordable properties in a stable rental market. The region shows an average ROI of 6.2%, supported by a rental yield of 7.8% and a cap rate near 5.5%. With average rents around $850, investors can expect consistent cash flow in this growing small town. The renter-occupied rate stands at 44%, reflecting a steady demand from local workforce and seasonal residents.
6.2%
Avg. ROI
7.8%
Rental Yield
5.5%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
1.8%
1Y Appreciation
Frequently Asked Questions
Millinocket offers affordable property prices with solid rental yields around 7.8%, and a stable local economy driven by established employers. This creates opportunities for steady cash flow and moderate appreciation.
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