Two-Unit
For Sale
$235,000
118 Halifax Street, Winslow, ME 04901
Both residences have enclosed porches, and the basement provides storage and laundry hookups.
Property Size1,632 SF
Price / SF$143
Days on Market234
Property Features for 118 Halifax Street
General Information
Standard status
Active
Size
1,632 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,334
Amenities
enclosed porch
basement with storage
laundry hookups
Building Details
Building Size
1,632 SF
Year Built
1945
Listing Agency:
Real Broker
Listed By:
Matthew Sivret Aimee Sivret
(207) 458-6220
Source:
Hoangrealty
Added: Mar 9
Changed: Oct 27
Last Checked: Oct 27 at 4:27AM
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 Real Broker
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Investment Insights
Based on property information with market context.
This 1,632-square-foot duplex, built in 1945, contains two residences. Each has two bedrooms, one bathroom, and an enclosed porch. Basement space provides storage and laundry hookups.
The property is at 118 Halifax Street in Winslow, Maine. A roof replacement was completed in 2016, and the furnace was replaced in 2023.
The property is at 118 Halifax Street in Winslow, Maine. A roof replacement was completed in 2016, and the furnace was replaced in 2023.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- 1,632 square feet; built in 1945
- Enclosed porch for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,226
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,520
$364.5K
Cap Rate 7%
$260,371
$260.4K
Cap Rate 9%
$202,511
$202.5K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$26.4K $16.20/SF
− Vacancy
−$402 −$0.25/SF
EGI
$26.0K $15.95/SF
− OpEx
−$7.8K −$4.79/SF
NOI
$18.2K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,520
Cap Rate 7%
$260,371
Cap Rate 9%
$202,511
Alternative Uses
Best Use
Multifamily LT 5
$260.4K
$227.8K – $303.8K
NOI $18,226 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$227.1K
$198.7K – $265.0K
NOI $15,898 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,435 @ 7.0% cap · market cap 72.53%
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
86
Businesses Nearby
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Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
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 - Both residences have enclosed porches, and the basement provides storage and laundry hookups.
Where is this duplex located?
The property is located at 118 Halifax Street Winslow, ME.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; 1,632 square feet; built in 1945; Enclosed porch for each residence
