Duplex with Townhouse-Style
For Sale
$624,900
10 Dunn Street, Westbrook, ME 04092
Two residences feature separate utilities, updated kitchens and baths, and views of Riverside Park.
Property Size2,112 SF
Price / SF$295.88
Days on Market202
Property Features for 10 Dunn Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi Family Home
Zoning
CCD
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$5,203
Building Details
Building Size
2,112 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
Portside Real Estate Group
(207) 619-7571
Listed By:
Veronica Schneider
(207) 838-4034
Source:
Amerorealty
Added: Apr 14
Changed: Oct 31
Last Checked: Oct 31 at 2:21PM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex, built in 1900, contains two residences with distinct layouts. The first-floor unit has two bedrooms, one and a half bathrooms, and a sunroom. A townhouse-style residence spans the second and third floors, with three bedrooms and one and a half bathrooms. Both units have updated kitchens and bathrooms, and the property has modern gas furnaces, water heaters, and a new roof. Utilities are separately metered for each residence.
The property offers views of Riverside Park and is zoned CCD. Its two-unit configuration combines a first-floor apartment with a multi-level townhouse layout.
The property offers views of Riverside Park and is zoned CCD. Its two-unit configuration combines a first-floor apartment with a multi-level townhouse layout.
Key Highlights
- Two‑unit property totaling 2,112 square feet
- First‑floor unit includes 2 bedrooms, 1.5 bathrooms, and a sunroom
- Second- and third‑floor townhouse‑style unit has 3 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,322
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$57.0K $27.00/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$53.3K $25.25/SF
− OpEx
−$16.0K −$7.57/SF
NOI
$37.3K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Multifamily LT 5
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$496.0K
$434.0K – $578.7K
NOI $34,723 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$580.5K
$507.9K – $677.2K
NOI $40,634 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
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 residences feature separate utilities, updated kitchens and baths, and views of Riverside Park.
Where is this duplex located?
The property is located at 10 Dunn Street Westbrook, ME.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two‑unit property totaling 2,112 square feet; First‑floor unit includes 2 bedrooms, 1.5 bathrooms, and a sunroom; Second- and third‑floor townhouse‑style unit has 3 bedrooms and 1.5 bathrooms
