Under $500K Investment Properties for Sale in Norridgewock, ME
Listed for sale 7 days ago
$ 399,900
ROI
21.3
Cash Flow/m
176- 3 Bed
- 2 Bath
- 1920 sft
88 Childs Road, Norridgewock, ME, 04957
$ 149,900
ROI
25.8Cash Flow/m
251- 1 Bed
- - Bath
- 742 sft
121 Hampshire Hill Road, Norridgewock, ME, 04957
$ 170,000
ROI
31.6Cash Flow/m
561- 3 Bed
- 1 Bath
- 1100 sft
330 Smithfield Road, Norridgewock, ME, 04957
Fix & Flip
$ 265,000
ROI
25.4Cash Flow/m
416- 5 Bed
- 1 Bath
- 1768 sft
158 Mercer Road, Norridgewock, ME, 04957
Why Invest in Norridgewock, Maine?
Investing in properties under $500k in Norridgewock, ME offers a unique opportunity to tap into a stable rural market with attractive rental yields and moderate appreciation. With a cap rate around 7% and average cash flow balanced by affordable entry prices, investors can expect steady returns. The town's renter-occupied rate is favorable for generating consistent rental income. Economic stability driven by local employers supports demand, while moderate appreciation over the past years aligns well with conservative investment goals.
6.2%
Avg. ROI
7%
Rental Yield
6.8%
Cap Rate
$1200/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for these properties is approximately 7%, reflecting strong demand and affordable entry prices in the area.
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