Under $500K Investment Properties for Sale in Sullivan, ME
482- - Bed
- - Bath
- - sft
407- 3 Bed
- 3 Bath
- 2250 sft
301- 3 Bed
- 3 Bath
- 1682 sft
281- 6 Bed
- 3 Bath
- 1700 sft
Why Invest in Sullivan, Maine?
Investing in Sullivan, ME, with properties under $500k offers a unique opportunity to enter a growing real estate market with solid rental demand. The region boasts an average rental yield of 7.5% and a cap rate around 6.2%, making it attractive for income-focused investors. Average cash flow investors can expect is approximately $450 per month. Additionally, historical appreciation trends show steady growth of 3.1% yearly, supported by a renter-occupied rate near 45%. These metrics underscore Sullivan’s potential for both short-term returns and long-term value growth.
Frequently Asked Questions
Properties under $500k in Sullivan primarily include single-family homes and small multifamily units. Many offer good rental potential with manageable maintenance costs.
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