2-Unit Duplex with
New
For Sale
$650,000
100 Eisenhower Drive, Westbrook, ME 04092
Separate utility meters support independent operation of the two residences.
Property Size2,240 SF
Lot Size0.46 Acres
Price / SF$290.18
Days on Market6
Property Features for 100 Eisenhower Drive
General Information
Standard status
Active
Size
2,240 SF
Lot size
0.46 Acres
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2007
Listing Agency:
Demetria Real Estate
Listed By:
Aaron Chadbourne
(603) 866-2942
Source:
Profoundrealestate
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 6:03AM
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 Demetria Real Estate
Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex, built in 2007, contains two townhouse-style residences. Each has two bedrooms, one full bathroom, an open living and dining area on the first floor, and a full unfinished basement. Utilities are separately metered, and the current arrangement pairs owner occupancy in one unit with short-term rental use in the other.
The property occupies approximately 0.46 acres at 100 Eisenhower Drive in Westbrook. Site features include a paved driveway, parking, and a backyard. Downtown Westbrook, Riverbank Park, shopping, interstate access, Portland International Jetport, and IDEXX are among the nearby destinations noted for the property.
The property occupies approximately 0.46 acres at 100 Eisenhower Drive in Westbrook. Site features include a paved driveway, parking, and a backyard. Downtown Westbrook, Riverbank Park, shopping, interstate access, Portland International Jetport, and IDEXX are among the nearby destinations noted for the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 2,240 square feet; built in 2007
- Each residence has a full unfinished basement and separately metered utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,680
$791.7K
Cap Rate 7%
$565,486
$565.5K
Cap Rate 9%
$439,822
$439.8K
Market Conditions
NOI Build-Up for 2,240 SF
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.
Gross rent
$60.5K $27.00/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$56.5K $25.25/SF
− OpEx
−$17.0K −$7.57/SF
NOI
$39.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,680
Cap Rate 7%
$565,486
Cap Rate 9%
$439,822
Alternative Uses
Best Use
Multifamily LT 5
$565.5K
$494.8K – $659.7K
NOI $39,584 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$526.1K
$460.3K – $613.8K
NOI $36,827 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$615.7K
$538.7K – $718.3K
NOI $43,097 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters support independent operation of the two residences.
Where is this duplex located?
The property is located at 100 Eisenhower Drive Westbrook, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 2,240 square feet; built in 2007; Each residence has a full unfinished basement and separately metered utilities
