Two-Unit Residential
9 Morton Place Augusta, ME 04330
For Sale
$299,000
MULTI_FAMILY - Colonial - Augusta, ME
Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$142.38
Days on Market16
Property Features for 9 Morton Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom
- Basement
- Full, Walk-Out Access
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 1471
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Kerosene, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Vinyl, Carpet
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Tyler Hall
(207) 592-3829
Added: Jul 9
Last Checked: Jul 24 at 10:06PM
MLS# 1662195
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 duplex at 9 Morton Place is well suited for a homeowner or an investor looking for a manageable, two-tenant setup. The first-floor unit has been left vacant for the sale, creating an option for an owner to occupy while still operating the property as a duplex. Management is in place and can remain in place or facilitate tenant activity before and after closing. The second-floor unit is described as having long-standing tenants paying market rate.
The property has undergone recent exterior updates, including siding and painting. Both units have new heating and hot water systems, which supports straightforward maintenance moving forward.
From a practical standpoint, this arrangement can fit tenants or buyers who want either multi-tenant rental continuity or the ability to combine personal residence and rental income. With management available and one unit currently vacant at closing, the property also supports a smooth transition for an owner who may want to begin occupancy planning immediately while the other unit remains tenant-occupied.
The property has undergone recent exterior updates, including siding and painting. Both units have new heating and hot water systems, which supports straightforward maintenance moving forward.
From a practical standpoint, this arrangement can fit tenants or buyers who want either multi-tenant rental continuity or the ability to combine personal residence and rental income. With management available and one unit currently vacant at closing, the property also supports a smooth transition for an owner who may want to begin occupancy planning immediately while the other unit remains tenant-occupied.
Key Highlights
- Two‑unit property with a colonial‑style exterior and a 1900 build date
- First‑floor unit left vacant at sale for possible owner‑occupancy
- Two units with long‑standing top‑floor tenants paying market rate
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 | $34.0k | $16.20 |
| − Vacancy | −$517 | −$0.25 |
| EGI | $33.5k | $15.95 |
| − OpEx | −$10.1k | −$4.79 |
| NOI | $23.5k | $11.17 |
2,100 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.0K
$293.2K – $390.9K
NOI $23,452 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$292.2K
$255.7K – $341.0K
NOI $20,457 @ 7.0% cap · market cap 6.84%
Theoretical Best
Warehouse
$3.13M
$2.74M – $3.66M
NOI $219,310 @ 7.0% cap · market cap 73.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with separate heating and hot water systems, offering flexibility to owner-occupy or maintain rental income.
Where is this duplex located?
The property is located at 9 Morton Place Augusta, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit property with a colonial‑style exterior and a 1900 build date; First‑floor unit left vacant at sale for possible owner‑occupancy; Two units with long‑standing top‑floor tenants paying market rate
