Sign Up Successful!
You now have access to more from Realmo!
    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

    9-11 Summer St Hallowell, ME 04347

    Sponsored
    For Sale
    $795,000

    MULTI_FAMILY - Hallowell, ME

    Property size:
    3,600 SF
    Lot size:
    0.60 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 21 at 7:06 am

    Property Features for 9-11 Summer St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Basement
    Parking features
    Off Street
    Basement
    Full
    Size
    3,600 SF
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Wood Siding, Clapboard, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kimberly Gleason

    McAllister Real Estate (207) 837-3180

    Listing agent Kimberly Gleason (207) 621-2345

    Listing date Feb 20, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Victorian Two-Family Home

    This two-family Victorian home combines historic character with modern opportunity. The property features classic Victorian architecture with ornate trim and period details. It includes two spacious units, suitable for owner-occupants or investors. The units boast high ceilings, large windows, and abundant natural light, complemented by original hardwood floors and decorative moldings. Separate entrances provide privacy and convenience. Generous bedrooms and updated kitchens and baths enhance the living experience. An expansive porch and charming curb appeal add to the property's allure. A private yard offers space for entertaining or relaxation. The property is zoned R-1. It is located in a desirable neighborhood close to shops, dining, schools, and transportation. The lot size is 0.6 acres and the property size is 3600 square feet. This home offers flexibility and timeless appeal for creating a multigenerational living space or adding a strong performer to an investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallowell
    County
    Kennebec
    State
    Maine
    Longitude
    -69.793865
    Latitude
    44.282558

    Nearby Similar for Sale

    • $425,000
      1,260 SF

      Hallowell Duplex with River Views

      Renovated duplex with river frontage, close to Hallowell's amenities.
      228 Water St, Hallowell, ME 04347
      View Details
    • $475,000
      3,687 SF

      Hallowell Multifamily Property with Office Space

      Office and apartment building in Hallowell, Maine with business opportunity.
      6 Stoddard Ln, Hallowell, ME 04347
      View Details
    • $475,000
      2,602 SF

      Hallowell Commercial Office & Apartment Building

      Established office and apartment building in Hallowell, Maine.
      6 Stoddard Ln, Hallowell, ME 04347
      View Details
    • $1,195,000
      7,380 SF

      Waterfront Commercial Property on Kennebec

      Commercial waterfront property with residential and retail opportunities.
      192 Water St, Hallowell, ME 04347
      View Details
    • $1,350,000
      5,413 SF

      Hallowell Waterfront Property with Marina Potential

      Rare downtown Hallowell property with sweeping views and marina potential.
      232 Water St, Hallowell, ME 04347
      View Details
    • New
      $395,000
      196 SF

      Hallowell Waterfront Commercial Opportunity

      Prime commercial property with Kennebec River frontage in downtown Hallowell.
      176 Water St, Hallowell, ME 04347
      View Details
    • $350,000
      4,087 SF

      Historic Hallowell Church - Prime Location

      Iconic Church, 4,087 sq ft, $350,000
      133 Second St, Hallowell, ME 04347
      View Details
    • $1,500,000
      5,413 SF

      Hallowell Waterfront Commercial Gem

      Prime Hallowell location, stunning river views.
      232 Water St, Hallowell, ME 04347
      View Details
    • $275,000
      1,130 SF

      High-Visibility Hallowell Commercial Space

      Prime Downtown Location, 1130 sq ft
      241 Water St, Hallowell, ME 04347
      View Details
    • Contact for pricing

      Hallowell Office Building For Sale

      10,754± SF office building in Hallowell, Maine.
      47 Water St, Hallowell, ME 04347
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming Victorian home with income potential in desirable location.
    Where is this duplex located?
    The property is located at 9-11 Summer St 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: Ideal for owner-occupants or investors with income potential.; - Desirable neighborhood: Close to shops, dining, schools, and transportation.; - Classic Victorian architecture: **Ornate trim, period details, and charming curb appeal.**
    (207) 837-3180
    Request Owner's contact information
    9-11 Summer St Hallowell, ME 04347
    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.
    9-11 Summer St
    Hallowell, ME 04347
    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
    9-11 Summer St Hallowell, ME 04347
    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
    Kimberly Gleason
    (207) 837-3180 (207) 621-2345
    Learn more
    Google sign-in failed. Please try again or use another login method.