Side-by-Side Duplex with
New
For Sale
$329,000
1 Fortier Street, Winslow, ME 04901
Multi-Family, Winslow, ME
Property Size1,920 SF
Lot Size0.19 Acres
Price / SF$171.35
Days on Market2
Property Features for 1 Fortier Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Pets allowed
No
Interior features
Storage
Basement
Walk-Out Access, Full
Lot features
Open, Level, Intown, Neighborhood
Standard status
Active
Size
1,920 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3204
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Baseboard, Oil
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Carpet, Vinyl
Building materials
Wood Frame, Aluminum Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Jeffrey Jolicoeur
(207) 649-6893
Added: Sep 12
Last Checked: Sep 13 at 5:06PM
MLS# 1680348
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 1,920-square-foot duplex is arranged side by side, with each residence offering 2 bedrooms, 1.5 baths, a separate heating system, and laundry hookups. The property includes storage and a basement, with laminate, tile, carpet, and vinyl flooring across the interiors. Built in 1971 with Colonial styling, the building has wood-frame construction, aluminum siding, and a shingle roof replaced in 2020.
Located at 1 Fortier Street in Winslow, the property sits on a 0.19-acre lot and is served by public water and public sewer. The MU zoning designation supports the current multifamily configuration. Both units are occupied under month-to-month tenancies, and tenants pay their own heat, electricity, and yard maintenance.
Located at 1 Fortier Street in Winslow, the property sits on a 0.19-acre lot and is served by public water and public sewer. The MU zoning designation supports the current multifamily configuration. Both units are occupied under month-to-month tenancies, and tenants pay their own heat, electricity, and yard maintenance.
Key Highlights
- Side‑by‑side duplex with 2 units, each offering 2 bedrooms and 1.5 baths
- 1,920 square feet on a 0.19‑acre lot
- Separate heating systems and laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately heated residences offer private laundry hookups and month-to-month occupancy.
Where is this duplex located?
The property is located at 1 Fortier Street 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: Side‑by‑side duplex with 2 units, each offering 2 bedrooms and 1.5 baths; 1,920 square feet on a 0.19‑acre lot; Separate heating systems and laundry hookups for each unit
