Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Duplex with Shared Deck Title is generated by Realmo AI

    3 Echo Lane, Phippsburg, ME 04562

    View on Map
    Claim this Listing
    New
    For Sale
    $449,000

    MULTI_FAMILY - Colonial - Phippsburg, ME

    Property size:
    3,400 SF
    Lot size:
    1.38 Acres
    Price / SF:
    $132/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 3 Echo Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Interior
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Patio and Porch features
    Deck
    Interior features
    Bathtub, Pantry, Shower, Storage
    Basement
    Full, Walk-Out Access, Unfinished
    Standard status
    Active
    Size
    3,400 SF
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3036

    Utilities

    Sewer type
    Shared Septic, Septic Tank, Private Sewer
    Heating system
    Oil, Zoned, Baseboard, Propane (Heating), Hot Water(Heating), Other (Heating)
    Water source
    Well, Private
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Vinyl, Carpet, Bamboo
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Colonial
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Frederic Rowe

    Listing agent Frederic Rowe

    Listing office Rob Williams Real Estate Brokers 1958 Harpswell Island Road, Bailey Island, ME

    Listing date Jun 5, 2026

    MLS# 1665837 Listing URL

    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

    • Duplex built in 1999 with two units, each offering 2 bedrooms across 3 levels
    • Ocean front property on a 1+ acre lot
    • Shared 12' x 46' deck used by both units
    • Unit #3 is empty; Unit #5 will be empty starting July 1
    • Includes oil and propane heating with zoned baseboard system
    • Private well water with septic tank/private sewer and shared septic

    Overview

    This two-unit duplex is configured as two separate residences, with each unit providing two bedrooms spread across three levels. Both units share a deck measuring approximately 12 by 46 feet, creating a common outdoor space for occupants. The property is being sold as-is and requires TLC, including interior painting and flooring, making it well suited for buyers planning renovations.

    The duplex is located at 3 Echo Lane in Phippsburg, on a 1.38-acre lot in Sagadahoc County. The public remarks indicate the property is close to downtown Bath, BIW, Popham Beach, and Sebasco Resort, which may support tenant interest from both local and seasonal demand.

    With one unit already identified as empty and the other scheduled to be empty beginning July 1st, the property can accommodate an owner-occupant who lives in one unit while renting the other, or a buyer seeking to update both units for a longer-term rental plan. The shared deck and multi-level layout can help differentiate the experience for tenants, but prospective buyers should plan for interior improvements given the noted condition requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Wine and Liquor Store Bed & Breakfast Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phippsburg
    County
    Sagadahoc
    State
    Maine
    Longitude
    -69.828392
    Latitude
    43.821011

    FAQs

    What type of property is this?
    Duplex - Two duplex units offer two bedrooms each, with shared outdoor deck space and strong owner-occupant rental flexibility.
    Where is this duplex located?
    The property is located at 3 Echo Lane Phippsburg, ME.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Duplex built in 1999 with two units, each offering 2 bedrooms across 3 levels; Ocean front property on a 1+ acre lot; Shared 12' x 46' deck used by both units
    (207) 751-8465
    We can help!
    Listing Contact
    Frederic Rowe
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3 Echo Lane, Phippsburg, ME 04562
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!