Two-Home Multi-Family
43 Pleasant Street, North Berwick, ME 03906
New
MULTI_FAMILY - Dutch Colonial, Colonial - North Berwick, ME
Property size:
2,800 SFLot size:
0.97 AcresPrice / SF:
$284/SF- Added:
- Jun 6, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 9 at 3:06 pm
Property Features for 43 Pleasant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Village
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1
- Parking features
- Off Street
- Patio and Porch features
- Deck, Porch
- Pets allowed
- No
- Interior features
- In-Law Apartment
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.97 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5545
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Wood, Baseboard, Natural Gas, Pellet Stove, Hot Water(Heating), Wood Stove
- Water source
- Public
Building Details
- Year built
- 1947
- Number of units
- 2
- Flooring type
- Wood, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Composition, Shingle
- Architectural style
- Colonial
- Additional Structures
- Outbuilding
Listing agent Tammy MacPherson (603) 842-2833
Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME (603) 610-8500
Listing date Jun 6, 2026
MLS# 1665902
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
- Two separate residences on a single deed with one tax bill; each home operates independently with its own electric, internet/cable, water, and sewer accounts
- Approximately 0.97‑acre lot at the end of a quiet dead‑end road
- Combined homes offer about 2,800 SF with 5 bedrooms and 5 full bathrooms across two buildings (Colonial and Dutch Colonial)
- In‑law apartment included, plus multiple bathrooms and rooms throughout the residences
- Outdoor amenities include a covered kitchen gazebo, deck/porch areas, and an in‑ground pool
- Detached two‑car garage with two bonus rooms (one above the garage and one adjacent) for office, studio, or additional living space
Overview
This property is a multi-family setup featuring two separate residential buildings on a single deed. The main layout includes a Colonial and a Dutch Colonial, with approximately 2,800 square feet of combined living space. Together, the homes provide 5 bedrooms and 5 full bathrooms, supporting multi-generational living, guest accommodations, or separate tenant or family use. The property also includes updated landscaping, a covered outdoor kitchen gazebo for entertaining, an in-ground pool, and a detached two-car garage. Two bonus rooms—one above the garage and another adjacent to it—add additional space for an office, studio, fitness area, hobby room, or extra living needs.
The homes are situated on a 0.97-acre lot at the end of a quiet dead-end road, creating a private outdoor setting. Each residence operates independently, with its own electric service, internet/cable, water, and sewer accounts, while remaining under one ownership structure with one tax bill.
For buyers seeking flexibility, the separate residential buildings and individual utility accounts can support multiple living arrangements without requiring a single shared household. The combination of dedicated living areas, outdoor amenities like the covered kitchen gazebo and in-ground pool, and the added bonus rooms can also help accommodate changing needs, from home-based work to extended-stay guests, within one consolidated purchase.
The homes are situated on a 0.97-acre lot at the end of a quiet dead-end road, creating a private outdoor setting. Each residence operates independently, with its own electric service, internet/cable, water, and sewer accounts, while remaining under one ownership structure with one tax bill.
For buyers seeking flexibility, the separate residential buildings and individual utility accounts can support multiple living arrangements without requiring a single shared household. The combination of dedicated living areas, outdoor amenities like the covered kitchen gazebo and in-ground pool, and the added bonus rooms can also help accommodate changing needs, from home-based work to extended-stay guests, within one consolidated purchase.
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 | $71.2k | $25.44 |
| − Vacancy | −$3.5k | −$1.26 |
| EGI | $67.7k | $24.18 |
| − OpEx | −$20.3k | −$7.25 |
| NOI | $47.4k | $16.93 |
2,800 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$677.1K
$592.5K – $790.0K
NOI $47,399 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$618.2K
$540.9K – $721.2K
NOI $43,272 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$887.6K
$776.6K – $1.04M
NOI $62,131 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Seacoast Turf, Cheever ...
Landscaping
Location Insight
- Map
- Local Demand
- City
- North Berwick
- County
- York
- State
- Maine
- Longitude
- -70.728616
- Latitude
- 43.299452
FAQs
What type of property is this?
Duplex - Two separate residences on one deed offer flexible living and rental configurations with shared ownership convenience.
Where is this duplex located?
The property is located at 43 Pleasant Street North Berwick, ME.
What is the asking price?
The asking price for this property is $795,900.
What are key features of this property?
This property features: Two separate residences on a single deed with one tax bill; each home operates independently with its own electric, internet/cable, water, and sewer accounts; Approximately 0.97‑acre lot at the end of a quiet dead‑end road; Combined homes offer about 2,800 SF with 5 bedrooms and 5 full bathrooms across two buildings (Colonial and Dutch Colonial)
