Kennebunkport ME Multi Family for Sale
$399,000
44 Lane Arundel, ME 04046
- Type:
- Multi-Family
- Sq.Ft.:
- 1,760
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 7.83 Acres
- Year built:
- 1996
- Baths:
- 2.00
- MLS#:
- 1608923
View additional info
Courtesy: Keller Williams Realty
207-879-9800
ADDITIONAL INFORMATION
Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $150,000. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!
Kennebunkport Real Estate
The median home value in Kennebunkport, ME is $905,300. This is higher than the county median home value of $425,900. The national median home value is $338,100. The average price of homes sold in Kennebunkport, ME is $905,300. Approximately 47.98% of Kennebunkport homes are owned, compared to 11.35% rented, while 40.67% are vacant. Kennebunkport real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kennebunkport real estate agent to arrange a tour today!
Kennebunkport, Maine 04046 has a population of 3,607. Kennebunkport 04046 is less family-centric than the surrounding county with 22.84% of the households containing married families with children. The county average for households married with children is 27.9%.
The median household income in Kennebunkport, Maine 04046 is $87,989. The median household income for the surrounding county is $73,856 compared to the national median of $69,021. The median age of people living in Kennebunkport 04046 is 54.2 years.
Kennebunkport Weather
The average high temperature in July is 78.9 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 49.8 inches per year, with 59.4 inches of snow per year.