Two-Unit Residential Income
309 Main Street Yarmouth, ME 04096
For Sale
$895,000
MULTI_FAMILY - Yarmouth, ME
Property Size1,749 SF
Price / SF$511.72
Days on Market287
Property Features for 309 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
3
Standard status
Active
Size
1,749 SF
Building Details
Year built
1800
Listing Agency:
South Portland, Maine
(207) 560-4683
Listed By:
David Kitchen
(207) 406-5560
Added: Oct 15, 2025
Changed: Jul 23
Last Checked: Jul 28 at 3:06AM
MLS# 1640867
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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.
This two-unit property is being offered in move-in condition and includes recent improvements. It presents options for an owner-occupant who can earn income while living on site, and it also offers the flexibility described as potential office or professional space.
The property is located within Yarmouth village, with a short walk to Royal River Park and the area’s village amenities. It is also positioned across from the 317 Main Music Center.
With two separate units, the layout can support a live-in-and-lease arrangement or an alternate configuration for professional use, subject to the requirements of the intended occupancy.
The property is located within Yarmouth village, with a short walk to Royal River Park and the area’s village amenities. It is also positioned across from the 317 Main Music Center.
With two separate units, the layout can support a live-in-and-lease arrangement or an alternate configuration for professional use, subject to the requirements of the intended occupancy.
Key Highlights
- Two‑unit property built in 1800
- Move‑in condition with recent improvements
- Use as an owner‑occupied property with income potential
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 | $47.2k | $27.00 |
| − Vacancy | −$3.1k | −$1.76 |
| EGI | $44.2k | $25.25 |
| − OpEx | −$13.2k | −$7.57 |
| NOI | $30.9k | $17.67 |
1,749 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.5K
$386.3K – $515.1K
NOI $30,907 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$410.8K
$359.4K – $479.3K
NOI $28,755 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$480.7K
$420.6K – $560.8K
NOI $33,650 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offered in move-in condition with recent improvements, with flexibility for office or professional use.
Where is this duplex located?
The property is located at 309 Main Street Yarmouth, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑unit property built in 1800; Move‑in condition with recent improvements; Use as an owner‑occupied property with income potential
