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36 Main st 6 Unit Apartment Building Offered at $1,050,000 at a 6.50% Cap Rate Stonington, ME 04681
Investment Highlights
- Its prime Main Street location puts shops, restaurants, the working waterfront, and local attractions just steps away.
- Located in the heart of downtown Stonington, offering beautiful harbor and Gulf of Maine views.
- The property features a versatile mixed-use layout with both residential and commercial space, providing excellent flexibility and income potential.
Executive Summary
Exceptional investment opportunity in the heart of Stonington Village. This mixed-use building offers a prime Main Street location with scenic harbor and water views. The property includes five residential units ranging from one- to three-bedrooms and one commercial space taking up the entire first floor of the property. It was previously a full service restaurant.
Many units feature water views, with shared access to a second-floor deck overlooking the water. Additional highlights include on-street and off-street parking, green space, and strong income potential. A versatile property with both residential and commercial possibilities.
Many units feature water views, with shared access to a second-floor deck overlooking the water. Additional highlights include on-street and off-street parking, green space, and strong income potential. A versatile property with both residential and commercial possibilities.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,050,000 | Property Type | Multifamily |
| Price Per Unit | $175,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 6.50% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1890 |
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 8,000 SF |
| No. Stories | 3 |
| Year Built | 1890 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Bay Window
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Views
- Family Room
- Loft Layout
- Smoke Free
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| 2+1 | 4 | - | - |
| 2+1 | 5 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
36 Main st