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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Norway, ME
Listed for sale 3 days ago
$ 235,000
ROI
30.1
Cash Flow/m
677- 3 Bed
- 3 Bath
- 1416 sft
501 Sodom Road, Norway, ME, 04268
Fix & Flip
Listed for sale 4 days ago
$ 298,000
ROI
22.2Cash Flow/m
205- 7 Bed
- 2 Bath
- 2240 sft
201 Main Street, Norway, ME, 04268
$ 320,000
ROI
21.3Cash Flow/m
140- 3 Bed
- 2 Bath
- 2200 sft
304 Dunn Road, Norway, ME, 04268
$ 220,000
ROI
22.5Cash Flow/m
165- 3 Bed
- 2 Bath
- 1792 sft
9 Chestnut Dr, Norway, ME, 04268
Why Invest in Norway, Maine?
Investing in Maine properties under $500k offers a balanced opportunity for steady rental income and capital appreciation. The state boasts an average cap rate of 6.2% and a rental yield of 7.5%. With average cash flow around $350 monthly and a ROI near 5.5%, investors can benefit from Maine's consistent renter-occupied rate of 46%. This mid-range investment filter aligns well with Maine’s stable real estate market and growing economic sectors.
5.5%
Avg. ROI
7.5%
Rental Yield
6.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Maine typically include single-family homes, smaller multifamily units, and some condos, suitable for rental investment and first-time buyers.
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