Under $500K 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 with properties under $500k offers a unique opportunity to tap into a stable rental market with a cap rate of approximately 7%. The area benefits from a healthy rental yield near 8%, appealing to investors seeking steady cash flow with an average monthly rent around $900. Appreciation rates are moderate, typically around 3% annually, while about 65% of housing units are renter-occupied. This combination of metrics positions Millinocket as a promising small-town market with affordable entry points.
7.5%
Avg. ROI
7.8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Millinocket typically offer an average ROI of about 7.5%, driven by solid cap rates and consistent rental demand.
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