Two-Family Victorian
9-11 Summer Street Hallowell, ME 04347
9-11 Summer Street, Hallowell, ME, 04347
$795,000
For Sale
$795,000
MULTI_FAMILY - Hallowell, ME
Property Size3,600 SF
Lot Size0.60 Acres
Price / SF$220.83
Days on Market43
Property Features for 9-11 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7541
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Wood Frame, Clapboard, Wood Siding
- Roof type
- Shingle
Listing Agency
McAllister Real Estate
(207) 621-2345
143 Water Street, Hallowell, ME
Listed by
Kimberly Gleason
(207) 837-3180
Added: Jun 5 Checked: Jul 17 at 3:06 am
MLS# 1652233
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.
Investment Insights
Based on property information with market context.
This two-family Victorian duplex features classic period details, including decorative moldings and original hardwood floors, along with high ceilings and large windows. Each unit has its own entrance for privacy and convenience, with generous bedrooms and updated kitchens and bathrooms. The home also includes an expansive porch and a private yard.
Located at 9–11 Summer Street in Hallowell, Maine, the property is situated in an R-1 zoned residential area. The public remarks note proximity to shops, dining, schools, and transportation.
With two spacious, separately accessed units, the layout supports multiple living arrangements within one property while retaining the character of a historic Victorian home.
Located at 9–11 Summer Street in Hallowell, Maine, the property is situated in an R-1 zoned residential area. The public remarks note proximity to shops, dining, schools, and transportation.
With two spacious, separately accessed units, the layout supports multiple living arrangements within one property while retaining the character of a historic Victorian home.
Key Highlights
- Two‑family Victorian home with separate entrances for each unit
- Built in 1900 with Victorian exterior siding including clapboard and wood siding
- Wood and tile flooring, with decorative moldings and original hardwood floors
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 | $58.3k | $16.20 |
| − Vacancy | −$886 | −$0.25 |
| EGI | $57.4k | $15.95 |
| − OpEx | −$17.2k | −$4.79 |
| NOI | $40.2k | $11.17 |
3,600 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$574.3K
$502.5K – $670.1K
NOI $40,203 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$5.37M
$4.70M – $6.27M
NOI $375,960 @ 7.0% cap · market cap 47.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units in a Victorian-style duplex with hardwood floors, decorative moldings, and updated kitchens and baths.
Where is this duplex located?
The property is located at 9-11 Summer Street Hallowell, ME.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑family Victorian home with separate entrances for each unit; Built in 1900 with Victorian exterior siding including clapboard and wood siding; Wood and tile flooring, with decorative moldings and original hardwood floors
