3 & 5 Elm Street

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Address: 3 & 5 Elm Street
Boston & New England + Apartment Buildings
Created date: September 4, 2026
Date last updated: September 21, 2026
Price: $399,000Investment Analyzer NEW!

Property Description

Rare opportunity to acquire 3 multifamily buildings with a total of six rental units and two garages all being sold together as package. This fully occupied investment property offers a mix of one-, two-, and three-bedroom units, with each unit having their own private entrance. The owners have continued to invest in improvements and updates over the years including updated roofing, electrical and interior updates to select units include new flooring, kitchen & bath improvements, fresh paint and so much more. Outside, the property offers a large backyard, ample off-street parking, a 1 car garage with storage above, a 2 car garage, and 3 storage sheds. The great in-town location is walking distance to shopping, recreation, the Aroostook River in addition to having easy access to Presque Isle and surrounding communities. Whether you're expanding an existing portfolio or considering an owner-occupied investment, opportunities like this don't come along often in Caribou.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $399,000
No. of Units: 6
Year Built: 1900
Lot Size: 3,968.00 Sq ft
Opportunity Zone: No
Price per unit: $66,500
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 6
Address: 3 & 5 Elm Street, Caribou, ME 04736, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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