Duplex with Garage and
For Sale
$459,900
106 High Street, Sanford, ME 04073
Two apartments have separate enclosed porches, and the upper unit includes its own laundry area and attic storage.
Property Size2,352 SF
Price / SF$195.54
Days on Market160
Property Features for 106 High Street
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
3
Elevators
Yes
Property subtype
Multi Family Home
Zoning
Res. Development
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,816
Amenities
exterior elevator
workshop
three-season bonus room
Building Details
Building Size
2,352 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 475-0999
Listed By:
Troy Williams · License #066558
(207) 351-8188
Source:
Integrityhomesrealestategroup
Added: May 26
Changed: Oct 30
Last Checked: Oct 30 at 2:05PM
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 Keller Williams Coastal and Lakes & Mountains Realty
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Investment Insights
Based on property information with market context.
At 106 High Street, this 2,352-square-foot duplex was built in 1920 and is zoned Res. Development. The first-floor apartment has two bedrooms, an updated bathroom, living areas and an enclosed porch. The second-floor apartment has three bedrooms, a larger kitchen, separate laundry, attic storage and another enclosed porch.
A gated access point from Grammar Avenue serves the rear of the property. Garage space includes one single-car bay and a two-car bay, with an adjoining workshop that connects to the home. A three-season room sits beside the workshop, and an exterior elevator provides access to the main floor.
A gated access point from Grammar Avenue serves the rear of the property. Garage space includes one single-car bay and a two-car bay, with an adjoining workshop that connects to the home. A three-season room sits beside the workshop, and an exterior elevator provides access to the main floor.
Key Highlights
- 2,352‑square‑foot duplex built in 1920
- Two‑bedroom first‑floor apartment and three‑bedroom upper apartment
- Garage configuration includes a single‑car bay and a two‑car bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,815
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,300
$796.3K
Cap Rate 7%
$568,786
$568.8K
Cap Rate 9%
$442,389
$442.4K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$59.8K $25.44/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$56.9K $24.18/SF
− OpEx
−$17.1K −$7.25/SF
NOI
$39.8K $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%
$796,300
Cap Rate 7%
$568,786
Cap Rate 9%
$442,389
Alternative Uses
Best Use
Multifamily LT 5
$568.8K
$497.7K – $663.6K
NOI $39,815 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$519.3K
$454.4K – $605.8K
NOI $36,349 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$745.6K
$652.4K – $869.8K
NOI $52,190 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate enclosed porches, and the upper unit includes its own laundry area and attic storage.
Where is this duplex located?
The property is located at 106 High Street Sanford, ME.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 1920; Two‑bedroom first‑floor apartment and three‑bedroom upper apartment; Garage configuration includes a single‑car bay and a two‑car bay
