Duplex Rental Property with
For Sale
$425,000
407 Lisbon Street, Lisbon, ME 04250
MULTI_FAMILY - Contemporary, Colonial - Lisbon, ME
Property Size1,886 SF
Lot Size0.15 Acres
Price / SF$225.34
Days on Market24
Property Features for 407 Lisbon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Village
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Carport, Off Street
Interior features
Walk-in Closets, Bathtub
Basement
Unfinished, Sump Pump, Full, Walk-Out Access
Lot features
Rolling/ Sloping, Near Shopping, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
1,886 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3892
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Water source
Public
Water front features
Stream
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial, Contemporary
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Beth Bell
(207) 754-6500
Added: Jul 7
Changed: Jul 28
Last Checked: Jul 30 at 6:06PM
MLS# 1664966
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.
This well maintained, fully rented duplex offers two residential units with a 2 bed, 1 bath layout. Each unit includes an electric range and refrigerator, plus a full walk-out basement with washer and dryer hookup. There is a 1-car carport for parking and ample off-street parking. Heating is provided by oil-fired forced hot air furnaces, with electric hot water per unit.
The property is located at 407 Lisbon Street in Lisbon, Maine. Public water and sewer services are in place, and the tenants pay for heat (oil) and electricity. The listing notes a Village zoning designation, which allows some businesses and meets initial requirements to add an ADU.
For buyers seeking a straightforward residential income setup, the duplex provides independent utility payment by tenants and practical in-unit service equipment such as electric hot water per unit. The walk-out basement and laundry hookups support everyday livability, while off-street parking and the carport improve resident convenience. The listing also references an adjacent opportunity to purchase both duplexes, including 409 Lisbon Street next door.
The property is located at 407 Lisbon Street in Lisbon, Maine. Public water and sewer services are in place, and the tenants pay for heat (oil) and electricity. The listing notes a Village zoning designation, which allows some businesses and meets initial requirements to add an ADU.
For buyers seeking a straightforward residential income setup, the duplex provides independent utility payment by tenants and practical in-unit service equipment such as electric hot water per unit. The walk-out basement and laundry hookups support everyday livability, while off-street parking and the carport improve resident convenience. The listing also references an adjacent opportunity to purchase both duplexes, including 409 Lisbon Street next door.
Key Highlights
- Fully rented duplex (2 beds, 1 bath each) built in 1960
- Each unit has a 1‑car carport and off‑street parking
- Walk‑out full basement with washer/dryer hookup
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 | $26.9k | $14.28 |
| − Vacancy | −$358 | −$0.19 |
| EGI | $26.6k | $14.09 |
| − OpEx | −$8.0k | −$4.23 |
| NOI | $18.6k | $9.86 |
1,886 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,602 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$252.5K
$220.9K – $294.6K
NOI $17,674 @ 7.0% cap · market cap 4.16%
Theoretical Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,477 @ 7.0% cap · market cap 55.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 04250, ME
4,813
Population
2,038
Households
2.4
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
411
Density / Sq Mi
$71,903
Median Household Income
$49,091
Median Earnings
$854
Median Rent
$225,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well maintained, fully rented duplex with two bedrooms per unit, carport parking, and walk-out basement laundry hookups.
Where is this duplex located?
The property is located at 407 Lisbon Street Lisbon, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully rented duplex (2 beds, 1 bath each) built in 1960; Each unit has a 1‑car carport and off‑street parking; Walk‑out full basement with washer/dryer hookup
