Condo Investment Properties for Sale in Old Town, ME
214- 2 Bed
- 2 Bath
- 1120 sft
249- 2 Bed
- 2 Bath
- 1460 sft
152- 3 Bed
- 3 Bath
- 2010 sft
139- 1 Bed
- 1 Bath
- 800 sft
163- - Bed
- 1 Bath
- 338 sft
151- 1 Bed
- 1 Bath
- 672 sft
137- 2 Bed
- 1 Bath
- 800 sft
123- 3 Bed
- 1 Bath
- 1600 sft
209- 3 Bed
- 2 Bath
- 1040 sft
130- 3 Bed
- 1 Bath
- 1102 sft
171- 2 Bed
- 1 Bath
- 1057 sft
170- 2 Bed
- 1 Bath
- 662 sft
154- 3 Bed
- 1 Bath
- 1386 sft
146- 1 Bed
- - Bath
- 320 sft
- 3 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 1032 sft
156- 4 Bed
- 1 Bath
- 1200 sft
- 2 Bed
- 2 Bath
- 1120 sft
980- 1 Bed
- 1 Bath
- 505 sft
131- 4 Bed
- 2 Bath
- 1482 sft
168- 1 Bed
- 1 Bath
- 680 sft
407- 3 Bed
- 3 Bath
- 2250 sft
142- 4 Bed
- 2 Bath
- 1666 sft
147- 2 Bed
- 1 Bath
- 702 sft
148- 3 Bed
- 2 Bath
- 1176 sft
132- 3 Bed
- 2 Bath
- - sft
Why Invest in Old Town, Maine?
Investing in condos in Old Town, ME offers a unique opportunity to capitalize on a stable rental market with a strong renter base. The area features an average cap rate of 6.2% and a rental yield around 5.4%, making it attractive for investors seeking steady cash flow. Appreciation rates have hovered near 3%, supported by ongoing economic development and a modest population growth. With an average monthly rent of $1,100, investors can expect reasonable entry points and solid cash flow potentials. The condo filter highlights properties tailored for multifamily investors focusing on manageable maintenance and tenant turnover.
Frequently Asked Questions
Old Town offers stable rental yields around 5.4% with low vacancy rates and steady economic growth. The presence of the University of Maine also supports demand for rental properties, particularly condos.
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