Side-by-Side
For Sale
$329,000
1 Fortier St, Winslow, ME 04901
Two separately arranged units offer private heating and laundry hookups, with month-to-month tenant occupancy.
Property Size1,920 SF
Price / SF$171.35
Days on Market51
Property Features for 1 Fortier St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,204
Building Details
Tenancy
Multi
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Jeffrey Jolicoeur
(207) 649-6893
Source:
Exprealty
Added: Sep 12
Changed: Oct 27
Last Checked: Nov 1 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex, built in 1971, is configured as two side-by-side residences rather than stacked units. Each apartment contains 2 bedrooms and 1.5 baths, along with its own heating system and laundry hookups. The arrangement provides independent living areas for both occupants.
The property is located at 1 Fortier St in Winslow, ME 04901. Tenants are responsible for their individual heat, electricity, and yard maintenance. Both leases are month to month, providing a flexible occupancy structure. Roof shingles were replaced in 2020, and the two-unit layout supports continued residential income use or owner occupancy of one unit while leasing the other.
The property is located at 1 Fortier St in Winslow, ME 04901. Tenants are responsible for their individual heat, electricity, and yard maintenance. Both leases are month to month, providing a flexible occupancy structure. Roof shingles were replaced in 2020, and the two-unit layout supports continued residential income use or owner occupancy of one unit while leasing the other.
Key Highlights
- Two side‑by‑side residential units totaling 1,920 square feet
- Each unit includes 2 bedrooms and 1.5 baths
- Separate heating systems and laundry hookups for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,442
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,840
$428.8K
Cap Rate 7%
$306,314
$306.3K
Cap Rate 9%
$238,244
$238.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$31.1K $16.20/SF
− Vacancy
−$473 −$0.25/SF
EGI
$30.6K $15.95/SF
− OpEx
−$9.2K −$4.79/SF
NOI
$21.4K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,840
Cap Rate 7%
$306,314
Cap Rate 9%
$238,244
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 5.69%
Theoretical Best
Warehouse
$2.86M
$2.51M – $3.34M
NOI $200,512 @ 7.0% cap · market cap 60.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged units offer private heating and laundry hookups, with month-to-month tenant occupancy.
Where is this duplex located?
The property is located at 1 Fortier St Winslow, ME.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two side‑by‑side residential units totaling 1,920 square feet; Each unit includes 2 bedrooms and 1.5 baths; Separate heating systems and laundry hookups for both units
