Two-Unit Residential Income
68 West Broadway Lincoln, ME 04457
For Sale
$199,000
MULTI_FAMILY - Colonial - Lincoln, ME
Property Size1,400 SF
Lot Size0.22 Acres
Price / SF$142.14
Days on Market88
Property Features for 68 West Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Basement
Full, Unfinished
Standard status
Active
Size
1,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2315
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating)
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Vinyl, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Kenneth Moody
(207) 590-7153
Added: May 4
Changed: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 1614184
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 two-unit residential income duplex offers a Colonial-style configuration and is fully rented. The property totals 1,400 square feet and sits on a 0.22-acre lot, providing a straightforward two-family setup for an income-focused buyer. Zoning is listed as residential.
The property is located at 68 West Broadway in Lincoln, Maine. Public remarks note an in-town setting with walking distance to downtown and its amenities, and convenient access with approximately 5 minutes to the interstate and about 40 minutes to Bangor.
This offering is presented as a two-unit investment with current occupancy.
The property is located at 68 West Broadway in Lincoln, Maine. Public remarks note an in-town setting with walking distance to downtown and its amenities, and convenient access with approximately 5 minutes to the interstate and about 40 minutes to Bangor.
This offering is presented as a two-unit investment with current occupancy.
Key Highlights
- 2‑unit investment property is fully rented
- Colonial‑style home built in 1900
- Public water and public sewer services
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 | $19.3k | $13.80 |
| − Vacancy | −$991 | −$0.71 |
| EGI | $18.3k | $13.09 |
| − OpEx | −$5.5k | −$3.93 |
| NOI | $12.8k | $9.16 |
1,400 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,800 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex investment property is fully rented, located in-town with quick access to major routes.
Where is this duplex located?
The property is located at 68 West Broadway Lincoln, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2‑unit investment property is fully rented; Colonial‑style home built in 1900; Public water and public sewer services
