Two-Unit Residential Income
For Sale
$799,000
10 Deane Street, Portland, ME 04102
Large two-unit residential income property with eight bedrooms, near University of Southern Maine and local stadiums.
Property Size3,346 SF
Price / SF$238.79
Days on Market162
Property Features for 10 Deane Street
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Century 21 North East
(207) 749-4995
Listed By:
Michelle Libby · License #BA919536
(207) 749-4995
Source:
Compass
Added: Feb 25
Changed: Jul 23
Last Checked: Aug 5 at 11:31AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This residential income property is a two-unit duplex configured with eight bedrooms. The third-floor portion is described as two bedrooms with a washroom, and the building is noted as having exterior egress for a potential conversion to a three-unit layout.
The property is located in the Oakdale neighborhood and is within walking distance of the University of Southern Maine, Fitzpatrick Stadium, and Hadlock Field.
Updates reported within the last two years include a new water heater, updated electrical, and interior updates. The building is currently occupied without leases.
The property is located in the Oakdale neighborhood and is within walking distance of the University of Southern Maine, Fitzpatrick Stadium, and Hadlock Field.
Updates reported within the last two years include a new water heater, updated electrical, and interior updates. The building is currently occupied without leases.
Key Highlights
- Large 2‑unit residential property with eight bedrooms; could be converted to a 3‑unit with exterior egress from the 3rd floor.
- 3‑story home (1900) with concrete perimeter foundation, full unfinished interior basement, and wood and vinyl flooring.
- Updates within the last two years include a new water heater and updated electrical, plus interior updates.
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 | $90.3k | $27.00 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $84.5k | $25.25 |
| − OpEx | −$25.3k | −$7.57 |
| NOI | $59.1k | $17.67 |
3,346 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$844.7K
$739.1K – $985.5K
NOI $59,129 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$785.9K
$687.6K – $916.8K
NOI $55,010 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$919.7K
$804.7K – $1.07M
NOI $64,376 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,425
Businesses Nearby
Explore this area
Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Large two-unit residential income property with eight bedrooms, near University of Southern Maine and local stadiums.
Where is this duplex located?
The property is located at 10 Deane Street Portland, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Large 2‑unit residential property with eight bedrooms; could be converted to a 3‑unit with exterior egress from the 3rd floor.; 3‑story home (1900) with concrete perimeter foundation, full unfinished interior basement, and wood and vinyl flooring.; Updates within the last two years include a new water heater and updated electrical, plus interior updates.
