For Sale
$899,000
13 Wellington Road, Portland, ME 04103
Multi-Family, Portland, ME
Property Size1,808 SF
Lot Size0.24 Acres
Price / SF$497.23
Days on Market59
Property Features for 13 Wellington Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking features
Off Street
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom, Attic
Basement
Full, Unfinished
Lot features
Well Landscaped, Level, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Near Public Transit
Standard status
Active
Size
1,808 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
7609
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Wood Frame, Aluminum Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Amanda Vigue
(207) 232-8214
Added: Aug 18
Changed: Oct 9
Last Checked: Oct 15 at 8:06AM
MLS# 1676726
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,950
Cap Rate
3.55%
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
NOI $31,950 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$424.6K
$371.6K – $495.4K
NOI $29,725 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$496.9K
$434.8K – $579.8K
NOI $34,785 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
Where is this duplex located?
The property is located at 13 Wellington Road Portland, ME.
What is the asking price?
The asking price for this property is $899,000.
