Two-Unit Colonial Duplex with Walk-Out
121 Clinton Avenue, Winslow, ME 04901
New
MULTI_FAMILY - Colonial - Winslow, ME
Property size:
2,352 SFLot size:
0.24 AcresPrice / SF:
$148/SF- Added:
- Jul 1, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 121 Clinton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed Use
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Patio and Porch features
- Deck
- Interior features
- 1st Floor Bedroom, One-Floor Living
- Basement
- Full, Walk-Out Access, Daylight
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4787
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Heat Pump (Heating), Space Heater, Oil, Hot Water(Heating), Propane (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Carpet, Linoleum, Wood, Tile
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Garrett Quinn (207) 431-9442
Listing office Whittemore's Real Estate 108 Water Street, Skowhegan, ME (207) 474-3303
Listing date Jul 1, 2026
MLS# 1669867
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‑unit Colonial built in 1988 with one‑floor living, including a first‑floor bedroom
- 0.24‑acre lot with public water and public sewer
- Two‑floor unit layout: first‑floor 1‑bedroom; second‑floor 2‑bedroom with a great room
- Daylight, walk‑out basement previously used as commercial space (buyer should verify approvals and zoning for any added income/use)
- Heating includes electric, baseboard, heat pump, oil, hot water, and propane; cooling via heat pump
- Includes a deck and a spacious 3‑car garage for parking, storage, or workshop space
Overview
This well-maintained Colonial duplex is set up as a two-unit property and is currently vacant, offering the next owner the ability to begin leasing on their own timeline and terms. The first-floor apartment features a one-bedroom layout. The second-floor apartment includes two bedrooms, a spacious great room, and an elevated deck for outdoor use. A standout improvement is the daylight, walk-out basement, which has previously been utilized as commercial space and may support additional income or flexible uses subject to municipal approvals and local zoning requirements. Completing the property is a spacious three-car garage, providing parking along with storage or workshop flexibility.
The property sits on a 0.24-acre lot in Winslow, with public water and sewer service. It is described as being just minutes from the shopping, restaurants, and services available in nearby Waterville and Fairfield, supporting convenient day-to-day access.
With two separate residential units plus a basement that has been used commercially, this duplex can fit an owner-occupant plan or a fully income-producing strategy. Its move-in-ready condition, public utilities, and on-site garage amenities make it practical for buyers and operators looking for a straightforward, versatile property in a Mixed Use zoning setting.
The property sits on a 0.24-acre lot in Winslow, with public water and sewer service. It is described as being just minutes from the shopping, restaurants, and services available in nearby Waterville and Fairfield, supporting convenient day-to-day access.
With two separate residential units plus a basement that has been used commercially, this duplex can fit an owner-occupant plan or a fully income-producing strategy. Its move-in-ready condition, public utilities, and on-site garage amenities make it practical for buyers and operators looking for a straightforward, versatile property in a Mixed Use zoning setting.
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 | $38.1k | $16.20 |
| − Vacancy | −$579 | −$0.25 |
| EGI | $37.5k | $15.95 |
| − OpEx | −$11.3k | −$4.79 |
| NOI | $26.3k | $11.17 |
2,352 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.2K
$328.3K – $437.8K
NOI $26,266 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,912 @ 7.0% cap · market cap 6.57%
Theoretical Best
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,627 @ 7.0% cap · market cap 70.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Winslow
- County
- Kennebec
- State
- Maine
- Longitude
- -69.614173
- Latitude
- 44.545442
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready two-unit duplex with daylight walk-out basement and 3-car garage on public water and sewer.
Where is this duplex located?
The property is located at 121 Clinton Avenue Winslow, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit Colonial built in 1988 with one‑floor living, including a first‑floor bedroom; 0.24‑acre lot with public water and public sewer; Two‑floor unit layout: first‑floor 1‑bedroom; second‑floor 2‑bedroom with a great room
