243 Windham Center Road, Windham, ME 04062
MULTI_FAMILY - Colonial - Windham, ME
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 243 Windham Center Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- wc
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Patio and Porch features
- Deck
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,592 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5031
Utilities
- Sewer type
- Private Sewer
- Heating system
- Hot Water(Heating), Oil
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Samantha Bell (207) 383-9977
Listing office Coldwell Banker Team Real Estate 778 Roosevelt Trail, Windham, ME (207) 892-1600
Listing date Jun 26, 2026
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.
HighLights
- Turn‑key duplex built in 1960 with colonial style, wood‑frame construction, and vinyl siding
- Two units, each with 2 bedrooms and 1 bathroom (total 4 beds and 2 baths)
- Newer roof, newer siding, and freshly updated interior with new paint
- Cooling includes window unit(s); heating includes oil and hot water (heating)
- Vinyl and hardwood flooring; deck included
- Public water and private sewer; vacant and ready for owner occupancy or rental income
Overview
Located at 243 Windham Center Road in Windham, Maine, the property is described as convenient to schools and an easy commute to Portland. The site sits on a 0.27-acre lot.
As a residential income property for sale, it offers flexibility for either occupying one unit while renting the other or renting both units. The consistent 2-bedroom, 1-bath layout across the duplex can simplify tenanting and ongoing operations for an investor, while the move-in-ready updates support a smooth transition for an owner-occupant.
Local 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 | $70.0k | $27.00 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $65.4k | $25.25 |
| − OpEx | −$19.6k | −$7.57 |
| NOI | $45.8k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Windham
- County
- Cumberland
- State
- Maine
- Longitude
- -70.408311
- Latitude
- 43.788948
