Two-Home Residential Income
116 Rogers Road, Kittery, ME 03904
New
MULTI_FAMILY - Ranch - Kittery, ME
Type:Single Family Residence
Property size:
4,159 SFLot size:
1.08 AcresPrice / SF:
$228/SF- Added:
- Jul 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 9 at 4:06 am
Property Features for 116 Rogers Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R-U
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Basement
- Parking features
- Open, Underground/Basement
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- 1st Floor Bedroom, One-Floor Living, Shower
- Fencing
- Fenced
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- Size
- 4,159 SF
- Lot size
- 1.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8558
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Radiant, Baseboard, Heat Pump (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1996
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Hardwood
- Building materials
- Wood Frame, Vertical Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Cornelius Hobbs III (603) 610-8500
Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME (603) 610-8500
Listing date Jul 5, 2026
MLS# 1670337
Listing URL
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.
HighLights
- Two homes on one lot: 116 Rogers Road (1996) and 118 Rogers Road (2016)
- 116 Rogers Road: 2‑bedroom, 2‑bath with finished basement and attached 1‑car garage
- 116 Rogers Road roof replaced in 2021; multiple heating sources including heat pump with mini‑splits installed in 2022
- 118 Rogers Road: radiant floor heating plus brand‑new boiler
- 118 Rogers Road features a built‑in sauna and side/rear porches overlooking a fire pit area
- Both homes include mini‑splits; utilities include public water and public sewer
Overview
This property consists of two homes on one lot in a duplex-style configuration. The front home at 116 Rogers Road is a 1996-built, 2-bedroom, 2-bath residence with a finished basement and an attached one-car garage. Updates include a new roof in 2021 and heat pump mini-splits installed in 2022, along with multiple heating sources. The second home at 118 Rogers Road is a custom-built residence completed in 2016, featuring radiant floor heating and a brand-new boiler. Additional on-site amenities include a built-in sauna, plus side and rear porches overlooking a fire pit area. Both homes are equipped with mini-splits for year-round comfort.
Situated in Kittery, the property is described as about one mile from the ocean and near the Portsmouth Naval Shipyard. The lot measures 1.08 acres, and the two residences are positioned so the second home sits privately behind the main home. Zoning is listed as R-U.
For buyers and operators, the key value is flexibility: the site supports a multi-generational setup or two separate living units within the same ownership. With multiple HVAC and heat sources already in place, plus recent exterior and mechanical improvements noted for each home, the property is structured for practical, diversified residential use under the existing site plan.
Situated in Kittery, the property is described as about one mile from the ocean and near the Portsmouth Naval Shipyard. The lot measures 1.08 acres, and the two residences are positioned so the second home sits privately behind the main home. Zoning is listed as R-U.
For buyers and operators, the key value is flexibility: the site supports a multi-generational setup or two separate living units within the same ownership. With multiple HVAC and heat sources already in place, plus recent exterior and mechanical improvements noted for each home, the property is structured for practical, diversified residential use under the existing site plan.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $25.44 |
| − Vacancy | −$5.2k | −$1.26 |
| EGI | $100.6k | $24.18 |
| − OpEx | −$30.2k | −$7.25 |
| NOI | $70.4k | $16.93 |
4,159 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.1K – $1.17M
NOI $70,405 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$918.2K
$803.4K – $1.07M
NOI $64,274 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,287 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Kittery
- County
- York
- State
- Maine
- Longitude
- -70.737375
- Latitude
- 43.096647
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two separate residences on one lot provide flexible options for owners seeking space for family or tenant leasing.
Where is this duplex located?
The property is located at 116 Rogers Road Kittery, ME.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two homes on one lot: 116 Rogers Road (1996) and 118 Rogers Road (2016); 116 Rogers Road: 2‑bedroom, 2‑bath with finished basement and attached 1‑car garage; 116 Rogers Road roof replaced in 2021; multiple heating sources including heat pump with mini‑splits installed in 2022
