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    Updated Duplex in Lisbon, Maine Title is generated by Realmo AI

    65 Main Street, Lisbon, ME 04252

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    For Sale
    $349,900

    MULTI_FAMILY - Cape Cod - Lisbon, ME

    Property size:
    2,500 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $139/SF
    Added:
    May 26, 2026
    Days on Market:
    1
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 65 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Bathrooms
    3
    Rooms
    Bathroom 1, Basement, Bathroom 2, Bathroom 3
    Patio and Porch features
    Deck, Patio
    Interior features
    1st Floor Bedroom, Bathtub, Shower, Primary Bedroom w/Bath
    Basement
    Unfinished
    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4823

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Heat Pump (Heating), Electric (Heating), Propane (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Corey Dunn

    Listing agent Corey Dunn

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date May 26, 2026

    MLS# 1663930 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

    • Extensively updated two‑unit property with significant recent capital improvements.
    • Unit 2 is COMPLETELY REMODELED and vacant, ready for owner occupancy or market‑rate rental.
    • New, efficient heating and cooling systems installed.
    • Strong income potential with below‑market rents.
    • Desirable location in Lisbon's revitalizing Main Street area.
    • Low operating expenses due to tenant‑paid utilities and updated systems.

    Overview

    Located at 65 Main Street in Lisbon, Maine, this extensively updated two-unit property presents an opportunity for an owner-occupant or investor. The property features two spacious units, including a completely remodeled Unit 2, which is currently vacant. Unit 1 is occupied by a long-term tenant. The property offers potential for rental income growth. Recent improvements include three new heat pumps installed in 2025, new heat-pump water heaters for both units, new hot-air furnaces for both units in 2026, some new appliances in Unit 2, new siding, some newer roofing, and several updated doors and windows. The property is positioned as a lower-maintenance investment with long-term stability and room for increased cash flow. Tenants pay most utilities, contributing to low operating expenses. Situated on a 0.32-acre lot in Lisbon's Main Street area, the property benefits from a community-focused setting with access to Route 196, the Androscoggin River corridor, local village amenities, and regional connections toward Lewiston/Auburn, Topsham, Brunswick, and the I-95/I-295 commuter routes. Lisbon's downtown planning highlights its traditional mixed-use village centers, Main Street character, river access, and ongoing focus on revitalization.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $274.0K
    NOI $24,658 @ 9.00% cap · cautious / downside scenario
    Moderate
    $352.3K
    NOI $24,658 @ 7.00% cap · market / base-case scenario
    Aggressive
    $493.2K
    NOI $24,658 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $35.7k $14.28
    − Vacancy −$475 −$0.19
    EGI $35.2k $14.09
    − OpEx −$10.6k −$4.23
    NOI $24.7k $9.86
    2,500 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $352.3K
    $308.2K – $411.0K (±1% cap)
    NOI $24,658 @ 7.0% cap · market cap 7.05%
    Second Best
    Apartment 5plus
    $334.7K
    $292.8K – $390.5K (±1% cap)
    NOI $23,427 @ 7.0% cap · market cap 6.70%
    Theoretical Best
    Warehouse
    $4.44M
    $3.89M – $5.18M (±1% cap)
    NOI $310,813 @ 7.0% cap · market cap 88.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lisbon
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.05775
    Latitude
    44.000188

    Nearby Similar for Sale

    • $200,000
      1,161 SF

      Commercial Property on Route 196

      Commercial property on 4.33 acres with garage and office.
      8 Lisbon Street, Lisbon, ME 04250
      View Details
    • $399,900
      3,400 SF

      Lisbon Multifamily Investment Opportunity

      Multifamily property in Lisbon, Maine, ideal for investment.
      178 Main Street, Lisbon, ME 04252
      View Details

    FAQs

    What type of property is this?
    Duplex - Extensively updated two-unit property with income potential in Lisbon.
    Where is this duplex located?
    The property is located at 65 Main Street Lisbon, ME.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Extensively updated two‑unit property with significant recent capital improvements.; Unit 2 is COMPLETELY REMODELED and vacant, ready for owner occupancy or market‑rate rental.; New, efficient heating and cooling systems installed.
    (207) 949-2425
    We can help!
    Listing Contact
    Corey Dunn
    Request Owner's contact information
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    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
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