Well-Maintained Two-Unit
154 Seaward Mills Road Vassalboro, ME 04989
For Sale
$595,000
MULTI_FAMILY - Split Level - Vassalboro, ME
Property Size4,000 SF
Lot Size4.64 Acres
Price / SF$148.75
Days on Market11
Property Features for 154 Seaward Mills Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rural
- Bathrooms
- 4
- Rooms
- Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bathroom 4
- Patio and Porch features
- Deck
- Interior features
- In-Law Apartment, 1st Floor Bedroom, Shower
- Basement
- Finished, Daylight, Full, Walk-Out Access
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 4.64 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4919
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Oil, Electric (Heating), Baseboard, Heat Pump (Heating), Natural Gas, Other (Heating), Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Well, Private
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Tile, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Split Level
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Jul 15
Last Checked: Jul 25 at 4:06AM
MLS# 1641340
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained two-unit duplex featuring recent improvements, including a newly added family room, fresh interior paint in several areas, and newly installed heat pumps. The property includes a paved driveway and a garage for parking and storage, and each unit has its own septic system and leach field.
Set in a peaceful rural setting, the property is located with an easy commute to both Waterville and Augusta. The two-unit configuration can support flexible living arrangements or rental use.
The home’s split-level layout provides two separate units within a single property, with individual septic infrastructure and heat pump systems.
Set in a peaceful rural setting, the property is located with an easy commute to both Waterville and Augusta. The two-unit configuration can support flexible living arrangements or rental use.
The home’s split-level layout provides two separate units within a single property, with individual septic infrastructure and heat pump systems.
Key Highlights
- Well‑maintained 2‑unit split‑level home built in 2002 with wood‑frame and vinyl siding construction
- Each unit has its own septic system and leach field
- New heat pumps installed, plus multiple heating sources including oil and natural gas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $16.20 |
| − Vacancy | −$985 | −$0.25 |
| EGI | $63.8k | $15.95 |
| − OpEx | −$19.1k | −$4.79 |
| NOI | $44.7k | $11.17 |
4,000 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.2K
$558.4K – $744.5K
NOI $44,671 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$556.7K
$487.1K – $649.4K
NOI $38,966 @ 7.0% cap · market cap 6.55%
Theoretical Best
Warehouse
$5.97M
$5.22M – $6.96M
NOI $417,733 @ 7.0% cap · market cap 70.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex on a paved driveway with a garage and recent interior updates, each unit served by its own septic system.
Where is this duplex located?
The property is located at 154 Seaward Mills Road Vassalboro, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit split‑level home built in 2002 with wood‑frame and vinyl siding construction; Each unit has its own septic system and leach field; New heat pumps installed, plus multiple heating sources including oil and natural gas
