Sanford Multifamily Property on Corner
55 Tanguay Street, Sanford, ME 04073
MULTI_FAMILY - Sanford, ME
Property size:
2,370 SFLot size:
0.23 AcresPrice / SF:
$200/SF- Added:
- May 4, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 2 at 7:06 am
Property Features for 55 Tanguay Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- U
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Attic
- Basement
- Unfinished, Full, Walk-Out Access
- Standard status
- Active
- Size
- 2,370 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5118
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Jason Dube (207) 590-6027
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date May 4, 2026
MLS# 1656072
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 units, each with up to 4 bedrooms and laundry hookups, providing significant rental income potential.
- Excellent location near major retailers and downtown Sanford.
- Well‑maintained building with many improvements over the years.
- Corner lot with full basement, enclosed porches, yard, and parking.
- Motivated seller and upcoming rent increases (August 1st: $2,000 and $2,300) suggest immediate income growth.
- Durable exterior with vinyl siding and a shingle roof.
Overview
This large two-unit multifamily property is situated on a corner lot and includes a full basement, enclosed porches, a yard, and parking. Each unit features up to four bedrooms and one full bathroom with laundry hookups. The building has been well maintained and has undergone numerous improvements over the years. Its location offers proximity to major retailers and downtown Sanford. The property is currently generating rents under market value, with motivated sellers. Starting August 1st, the first-floor unit rent will be $2,000, and the second-floor unit rent will be $2,300. The lot size is 0.23 acres and the property size is 2,370 square feet. The zoning is 'U'.
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 | $60.3k | $25.44 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $57.3k | $24.18 |
| − OpEx | −$17.2k | −$7.25 |
| NOI | $40.1k | $16.93 |
2,370 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$523.2K
$457.8K – $610.5K
NOI $36,627 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$751.3K
$657.4K – $876.5K
NOI $52,589 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- York
- State
- Maine
- Longitude
- -70.765805
- Latitude
- 43.445616
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-unit property with income potential in Sanford, Maine.
Where is this duplex located?
The property is located at 55 Tanguay Street Sanford, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two units, each with up to 4 bedrooms and laundry hookups, providing significant rental income potential.; Excellent location near major retailers and downtown Sanford.; Well‑maintained building with many improvements over the years.
