Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    60 Route 41 Winthrop, ME 04364

    View on Map
    Sponsored
    For Sale
    $350,000

    MULTI_FAMILY - Other - Winthrop, ME

    Property size:
    1,692 SF
    Lot size:
    5.00 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 9 at 9:06 pm

    Property Features for 60 Route 41

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GR
    Rooms
    Bathroom 2, Bathroom 1, Basement
    Interior features
    1st Floor Bedroom, Storage
    Basement
    Full
    Size
    1,692 SF
    Lot size
    5.00 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Wood Stove, Wood, Forced Air
    Water source
    Private

    Building Details

    Year built
    1840
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Clapboard, Wood Frame
    Roof type
    Metal, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ann Castonguay
    Ann Castonguay

    Sprague and Curtis Real Estate (207) 623-1123

    Listing agent Ann Castonguay (207) 623-1123

    Listing date Feb 10, 2026

    MLS# 1644320 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.

    Learn more

    Property Insight Report

    Overview

    Winthrop Duplex on Five Acres

    This charming antique farmhouse has been converted into a duplex with separate entrances. The downstairs unit features one bedroom, large rooms including a kitchen, dining room, and living room, plus first-floor laundry. The upstairs unit is a two-bedroom apartment. The property sits on 5 acres of land and includes a garage and a partial barn from the former Oaks farm. The main home features a country kitchen with a wood stove and wood flooring. Updates to the home include a metal roof and new wiring. The land has been organically farmed for the last 25 years and includes a small pond near the barn. The property is well-landscaped with fruit trees, berry bushes, hydrangea, and wisteria. Located near Maranacook Lake, residents have access to a public beach. The property, located in Winthrop, Maine, contains 1692 square feet and is zoned GR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hotel & Motel Skin Care Clinic Discount Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Kennebec
    State
    Maine
    Longitude
    -69.979601
    Latitude
    44.326068

    Nearby Similar for Sale

    • New
      $1,675,000
      6,384 SF

      Commercial Building with Automotive Focus

      6384 SF commercial building with automotive repair and sales.
      1235 Us-202, Winthrop, ME 04364
      View Details
    • $965,000
      6,493 SF

      Winthrop Executive Estate on 20 Acres

      Luxury estate renovated in 2019 and 2023 on 20 acres.
      170 Annabessacook Rd, Winthrop, ME 04364
      View Details
    • $1,065,000
      13,718 SF

      Winthrop Multi-Use Redevelopment Opportunity

      Large multi-use building on 5.3 acres with redevelopment potential.
      457 Old Lewiston Rd, Winthrop, ME 04364
      View Details
    • $1,675,000
      8,784 SF

      Automotive Business and Real Estate

      Turnkey opportunity with real estate and established automotive businesses.
      1235 Us Route 202, Winthrop, ME 04364
      View Details
    • $310,000
      3,470 SF

      Winthrop Commercial Building - Huge Potential

      Mixed-use building, 3,470 sq ft, high traffic location.
      74 Route 133, Winthrop, ME 04364
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming farmhouse duplex on 5 acres near Maranacook Lake.
    Where is this duplex located?
    The property is located at 60 Route 41 Winthrop, ME.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Duplex configuration with separate entrances offers income potential or multi-generational living.; - 5 acres of land, including a partial barn and small pond.; - Organically farmed land for 25 years with fruit trees and berry bushes.
    (207) 242-1464
    Request Owner's contact information
    60 Route 41 Winthrop, ME 04364
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    60 Route 41
    Winthrop, ME 04364
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Route 41 Winthrop, ME 04364
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ann Castonguay
    Ann Castonguay
    (207) 242-1464 (207) 623-1123
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!