Townhouse-Style Duplex with
13-15 Waverly Street, Portland, ME 04103
For Sale
New
$799,900
Multi-Family, Portland, ME
Property Size2,516 SF
Lot Size0.17 Acres
Price / SF$317.93
Days on Market3
Property Features for 13-15 Waverly Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Pets allowed
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Mark Fortier
(207) 831-1257
Added: Nov 12
Last Checked: Nov 14 at 1:06AM
MLS# 1687626
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.
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Investment Insights
Based on property information with market context.
At 13-15 Waverly Street, this 2,516-square-foot duplex has a townhouse-style layout with two residences. Each unit includes two or three bedrooms, a third-floor loft, 1.5 bathrooms, and a full basement. Built in 1987, the property has wood-frame construction with vinyl siding, and each unit has a deck. Heating is by natural-gas-fired hot water and baseboard systems.
The 0.17-acre property is in Portland, within walking distance of New England College. It is served by public water and public sewer, has off-street parking, and is zoned R3. Separate utilities allow the units to function independently.
The 0.17-acre property is in Portland, within walking distance of New England College. It is served by public water and public sewer, has off-street parking, and is zoned R3. Separate utilities allow the units to function independently.
Key Highlights
- Two‑unit townhouse‑style property totaling 2,516 square feet
- Each unit has two or three bedrooms, a third‑floor loft, and 1.5 bathrooms
- Full basement in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,461
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,220
$889.2K
Cap Rate 7%
$635,157
$635.2K
Cap Rate 9%
$494,011
$494.0K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$67.9K $27.00/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$63.5K $25.25/SF
− OpEx
−$19.1K −$7.57/SF
NOI
$44.5K $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 Rate 5%
$889,220
Cap Rate 7%
$635,157
Cap Rate 9%
$494,011
Alternative Uses
Best Use
Multifamily LT 5
$635.2K
$555.8K – $741.0K
NOI $44,461 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$590.9K
$517.1K – $689.4K
NOI $41,365 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$691.5K
$605.1K – $806.8K
NOI $48,407 @ 7.0% cap · market cap 6.05%
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
775
Businesses Nearby
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Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and natural gas heating serve the two residences.
Where is this duplex located?
The property is located at 13-15 Waverly Street Portland, ME.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑unit townhouse‑style property totaling 2,516 square feet; Each unit has two or three bedrooms, a third‑floor loft, and 1.5 bathrooms; Full basement in each unit
