Owner-Occupied Duplex Near
57 Hill Street Saco, ME 04072
57 Hill Street, Saco, ME, 04072
$605,000
For Sale
$605,000
MULTI_FAMILY - Saco, ME
Property Size1,890 SF
Lot Size0.32 Acres
Price / SF$320.11
Days on Market10
Property Features for 57 Hill Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Interior features
- Storage
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,890 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4070
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agency
Keller Williams Realty
(207) 879-9800
Listed by
Anne-Marie Mckenzie
(207) 831-9157
Added: Jul 13 Updated: Jul 22 at 9:27AM Checked: Jul 22 at 2:06PM
MLS# 1654791
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 for-sale duplex features two well-maintained 2-bedroom, 1-bath apartments. Recent updates include new flooring in the first-floor living room, kitchen, hallway, and bathroom, along with a new front porch with composite decking. Additional improvements include new doors and a new rear staircase.
The property includes a sizable backyard and offers easy access to the interstate. It is close to the beach and within walking distance of downtown Saco.
Set on a 0.32-acre lot, this residential income property is zoned R-3 and is offered as a duplex suitable for an owner-occupied setup or an investment-focused purchase.
The property includes a sizable backyard and offers easy access to the interstate. It is close to the beach and within walking distance of downtown Saco.
Set on a 0.32-acre lot, this residential income property is zoned R-3 and is offered as a duplex suitable for an owner-occupied setup or an investment-focused purchase.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath apartments
- Recent updates include new flooring in the first‑floor living room, kitchen, hallway, and bathroom
- New front porch with composite decking, plus new doors and a new rear staircase
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 | $48.1k | $25.44 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $45.7k | $24.18 |
| − OpEx | −$13.7k | −$7.25 |
| NOI | $32.0k | $16.93 |
1,890 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$399.9K – $533.2K
NOI $31,994 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.8K
NOI $29,209 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,938 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units and recent interior and exterior improvements.
Where is this duplex located?
The property is located at 57 Hill Street Saco, ME.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath apartments; Recent updates include new flooring in the first‑floor living room, kitchen, hallway, and bathroom; New front porch with composite decking, plus new doors and a new rear staircase
