Updated Two-Unit
10 State Ct, Sanford, ME 04073
For Sale
$325,000
Two refreshed units provide practical layouts, updated finishes, and flexible owner-occupant or rental use.
Property Size1,525 SF
Price / SF$213.11
Days on Market54
Property Features for 10 State Ct
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Casey Munson
(207) 756-9102
Source:
Aroostookrealestate
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 12 at 2:34PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,525 square feet with one bedroom and one full bathroom in each residence. Recent work includes updated electrical, windows, doors, flooring, and interior paint, giving both units refreshed finishes and functional living areas. The property was built in 1920 and is configured for separate residential occupancy.
An owner may live in one unit while renting the other, providing a straightforward path to combining personal occupancy with rental income. The property is located at 10 State Ct in Sanford, Maine, on a quiet street.
An owner may live in one unit while renting the other, providing a straightforward path to combining personal occupancy with rental income. The property is located at 10 State Ct in Sanford, Maine, on a quiet street.
Key Highlights
- Two‑unit duplex with 1,525 square feet
- Each unit includes 1 bedroom and 1 full bathroom
- Updated electrical, windows, doors, flooring, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,816
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,320
$516.3K
Cap Rate 7%
$368,800
$368.8K
Cap Rate 9%
$286,844
$286.8K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$38.8K $25.44/SF
− Vacancy
−$1.9K −$1.26/SF
EGI
$36.9K $24.18/SF
− OpEx
−$11.1K −$7.25/SF
NOI
$25.8K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,320
Cap Rate 7%
$368,800
Cap Rate 9%
$286,844
Alternative Uses
Best Use
Multifamily LT 5
$368.8K
$322.7K – $430.3K
NOI $25,816 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$483.4K
$423.0K – $564.0K
NOI $33,839 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed units provide practical layouts, updated finishes, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 10 State Ct Sanford, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,525 square feet; Each unit includes 1 bedroom and 1 full bathroom; Updated electrical, windows, doors, flooring, and paint
