Building Details

Year Built 1925

Listing Agency: Waypoint Brokers Collective

Listed By: Amanda Vigue Show Phone

Source: Aroostookrealestate

Added: Aug 20 Changed: Oct 15 Last Checked: Oct 7 at 3:05PM

Report an Issue

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 Waypoint Brokers Collective

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,950

Cap Rate

3.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$639,000 $639.0K

Cap Rate 7%

$456,429 $456.4K

Cap Rate 9%

$355,000 $355.0K

Market Conditions

NOI Build-Up for 1,808 SF

Gross rent

$48.8K $27.00/SF

− Vacancy

−$3.2K −$1.76/SF

EGI

$45.6K $25.25/SF

− OpEx

−$13.7K −$7.57/SF

NOI

$32.0K $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%

$639,000

Cap Rate 7%

$456,429

Cap Rate 9%

$355,000

Alternative Uses

Best Use

Multifamily LT 5

$456.4K

$399.4K – $532.5K (±1% cap)

NOI $31,950 @ 7.0% cap · market cap 3.37%

Second Best

Apartment 5plus

$424.6K

$371.6K – $495.4K (±1% cap)

NOI $29,725 @ 7.0% cap · market cap 3.13%

Theoretical Best

Office A

$496.9K

$434.8K – $579.8K (±1% cap)

NOI $34,785 @ 7.0% cap · market cap 3.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

567

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Renovated Duplex with Decks

481 Danforth Street, Portland, ME 04102

$827,000

1,901 SF

View details

Two-Unit Ranch Duplex

1820 18-20 Dingley Ct, Portland, ME 04103

$685,000

1,864 SF

View details

Two-Unit Duplex with Fenced Yard

1747 Forest Avenue, Portland, ME 04103

$645,000

1,840 SF

View details

Two-Unit Ranch Duplex

18-20 Dingley Court, Portland, ME 04103

$675,000

1,864 SF

View details

Owner-Occupant Duplex with Deck

24 Rowe Avenue, Portland, ME 04102

$624,999

1,749 SF

View details

Townhouse-Style Duplex

5961 59-61 Maggie Ln, Portland, ME 04103

$599,900

1,872 SF

View details

Renovated Duplex with Garage

850 Washington Avenue, Portland, ME 04103

$799,000

2,184 SF

View details

Renovated Two-Unit Duplex

850 Washington Ave, Portland, ME 04103

$799,000

2,184 SF

View details

Two-Unit Duplex with Off-Street Parking

526 Washington Avenue, Portland, ME 04103

$480,000

1,866 SF

View details

Renovated Duplex with Large Yard

83 Capisic Street, Portland, ME 04102

$895,000

2,432 SF

View details

Two-Unit Property With Parking

1148-1150 Forest Avenue, Portland, ME 04103

$699,000

2,136 SF

View details

Duplex with Unfinished Basement

11481150 1148-1150 Forest Ave, Portland, ME 04103

$699,000

2,136 SF

View details

Frequently Asked Questions

Where is this duplex located?

The property is located at 13 Wellington Rd Portland, ME.

What is the asking price?

The asking price for this property is $949,000.