Updated
10 State Court, Sanford, ME 04073
For Sale
New
$325,000
Under Contract
Multi-Family, Sanford, ME
Property Size1,525 SF
Lot Size0.06 Acres
Price / SF$213.11
Days on Market3
Property Features for 10 State Court
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Lot features
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(603) 431-1111
Listed By:
Andy Yau
(603) 969-6216
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 5117588
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,525-square-foot duplex was built in 1920 and sits on a 0.06-acre lot. The two-level building includes two kitchens, with one layout on the first floor and another upstairs. Updates include vinyl windows, doors, siding, flooring, paint, electrical fixtures, and kitchen and bathroom finishes. The property has oil and propane baseboard heating, off-street parking, a shingle roof, and public water.
Separate utilities serve the building, and the listing reports a 9.51% cap rate. The property is in Sanford, with the Mousam River, restaurants, shopping, groceries, schools, and major routes described as minutes away.
Separate utilities serve the building, and the listing reports a 9.51% cap rate. The property is in Sanford, with the Mousam River, restaurants, shopping, groceries, schools, and major routes described as minutes away.
Key Highlights
- Duplex with 1,525 square feet of building area
- 0.06‑acre lot in Sanford
- Built in 1920
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.
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Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
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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
$259,500
Median Home Value
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Market
Average Price Trend$/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 - Separate utilities and two kitchen areas support distinct residential layouts within the building.
Where is this duplex located?
The property is located at 10 State Court 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: Duplex with 1,525 square feet of building area; 0.06‑acre lot in Sanford; Built in 1920
