Duplex with Walk-Out
For Sale
$425,000
409 Lisbon Street, Lisbon, ME 04250
MULTI_FAMILY - Contemporary, Colonial - Lisbon, ME
Property Size1,886 SF
Lot Size0.42 Acres
Price / SF$225.34
Days on Market24
Property Features for 409 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
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
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4126
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Water source
Public
Water front features
Stream
Building Details
Year built
1960
Number of units
2
Flooring type
Tile, Vinyl, Plank, 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 5:06PM
MLS# 1664967
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 duplex offers two 2-bedroom, 1-bath apartments. Each unit includes a 1-car carport and provides access to a full walk-out basement with wash/dry hookups. The apartments are supported by an oil fired forced hot air furnace and electric hot water. Tenants pay heat (oil) and electric, and each unit is equipped with an electric range and refrigerator. Public sewer and public water are available, along with plenty of off-street parking.
The property is located in a Village Zone. The listing notes that this zoning allows for some business use and also presents potential for adding additional units. The home is also described as being less than a mile from Miller Park, Papermill Trail, a boat launch, and the Androscoggin River, with Lisbon’s downtown Main St offering dining and shopping.
For an owner-occupant, the duplex configuration supports living in one unit while renting the other. For investors, the asset provides two separate 2-bedroom apartments with tenant-paid utilities and in-basement laundry hookups. The Village Zone language further suggests room to explore business-oriented use and the possibility of expanding the residential offering, subject to applicable approvals.
The property is located in a Village Zone. The listing notes that this zoning allows for some business use and also presents potential for adding additional units. The home is also described as being less than a mile from Miller Park, Papermill Trail, a boat launch, and the Androscoggin River, with Lisbon’s downtown Main St offering dining and shopping.
For an owner-occupant, the duplex configuration supports living in one unit while renting the other. For investors, the asset provides two separate 2-bedroom apartments with tenant-paid utilities and in-basement laundry hookups. The Village Zone language further suggests room to explore business-oriented use and the possibility of expanding the residential offering, subject to applicable approvals.
Key Highlights
- Duplex built in 1960 with two 2‑bed, 1‑bath units
- Each unit includes a 1‑car carport, full walk‑out basement, and wash/dry hookup
- Heating includes oil‑fired forced hot air furnace; tenant pays heat (oil) and electric
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
Multi-tenant
Tenancy
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 two-unit property with separate basements, in-unit appliances, and off-street parking for flexible occupancy.
Where is this duplex located?
The property is located at 409 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: Duplex built in 1960 with two 2‑bed, 1‑bath units; Each unit includes a 1‑car carport, full walk‑out basement, and wash/dry hookup; Heating includes oil‑fired forced hot air furnace; tenant pays heat (oil) and electric
