2-Unit Duplex with Off-Street
New
For Sale
$675,000
10 Stetson Court, Portland, ME 04101
Multi-Family, Portland, ME
Property Size2,422 SF
Lot Size0.05 Acres
Price / SF$278.70
Days on Market2
Property Features for 10 Stetson Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking features
Tandem, Off Street
Patio and Porch features
Deck
Basement
Unfinished, Full
Lot features
Level, Sidewalks, Intown, Near Town, Neighborhood
Standard status
Active
Size
2,422 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7009
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1875
Number of units
2
Flooring type
Plank, Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Membrane, Flat
Buildings
1
Listing Agency:
Benchmark Real Estate
(207) 775-0248
Listed By:
Troy Wilkins
(207) 252-5940
Added: Nov 5
Last Checked: Nov 6 at 1:06PM
MLS# 1686963
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.
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Investment Insights
Based on property information with market context.
This 2,422-square-foot duplex, built in 1875, contains two residences, each with two to three bedrooms. The property is currently owner-occupied and includes tandem off-street parking for four to five vehicles, a deck, and a basement. Wood-frame construction is finished with vinyl siding; public water and sewer serve the property.
At 10 Stetson Court in Portland, the property is minutes from downtown and the Old Port, as well as restaurants, shops, parks, and local amenities. The 0.05-acre site is zoned RN-4.
At 10 Stetson Court in Portland, the property is minutes from downtown and the Old Port, as well as restaurants, shops, parks, and local amenities. The 0.05-acre site is zoned RN-4.
Key Highlights
- Two residences, each with 2 to 3 bedrooms
- 2,422 square feet on a 0.05‑acre lot
- Tandem off‑street parking for 4 to 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,800
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,000
$856.0K
Cap Rate 7%
$611,429
$611.4K
Cap Rate 9%
$475,556
$475.6K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$65.4K $27.00/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$61.1K $25.25/SF
− OpEx
−$18.3K −$7.57/SF
NOI
$42.8K $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%
$856,000
Cap Rate 7%
$611,429
Cap Rate 9%
$475,556
Alternative Uses
Best Use
Multifamily LT 5
$611.4K
$535.0K – $713.3K
NOI $42,800 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$568.8K
$497.7K – $663.7K
NOI $39,819 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$665.7K
$582.5K – $776.6K
NOI $46,598 @ 7.0% cap · market cap 6.90%
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
4,417
Businesses Nearby
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Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer two- to three-bedroom layouts, with downtown Portland and the Old Port minutes away.
Where is this duplex located?
The property is located at 10 Stetson Court Portland, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences, each with 2 to 3 bedrooms; 2,422 square feet on a 0.05‑acre lot; Tandem off‑street parking for 4 to 5 vehicles
