Duplex with Separate Two-Bedroom
New
For Sale
$799,000
1309 Broadway, South Portland, ME 04106
Multi-Family, South Portland, ME
Property Size3,468 SF
Lot Size0.29 Acres
Price / SF$230.39
Days on Market2
Property Features for 1309 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Basement, Bathroom 4, Bathroom 2
Parking features
Heated
Patio and Porch features
Deck
Interior features
Walk-in Closets, In-Law Apartment, 1st Floor Bedroom, Bathtub, Storage, Primary Bedroom w/Bath
Basement
Finished, Full
Lot features
Open, Level, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/ Interstate, Near Public Transit
Standard status
Active
Size
3,468 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9090
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas, Zoned
Water source
Public
Building Details
Year built
1954
Number of units
2
Flooring type
Hardwood, Tile, Laminate, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Composition, Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Matthew Towle-Whitten
(207) 749-0815
Added: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# 1684204
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.
Investment Insights
Based on property information with market context.
Set on 0.29 acres in South Portland, this 1954 Colonial contains 3,468 square feet and a separate two-bedroom accessory dwelling unit. The ADU has its own entrance, kitchen, living room, and full bath. In the main home, features include hardwood floors, a living room with built-ins and a wood-burning fireplace, a kitchen with granite countertops, stainless steel appliances and an island, plus a formal dining room. A heated sunroom and first-floor bedroom add to the layout. Upstairs are a primary suite with private bath, walk-in closet and balcony, two additional bedrooms, and second-floor laundry. The finished basement provides additional interior space.
Exterior features include updated siding, windows and doors, a heated two-car garage, parking, and a deck overlooking the backyard. The property has public water and sewer and is zoned A. Its South Portland location places it near Portland, shopping, restaurants, and major commuting routes.
Exterior features include updated siding, windows and doors, a heated two-car garage, parking, and a deck overlooking the backyard. The property has public water and sewer and is zoned A. Its South Portland location places it near Portland, shopping, restaurants, and major commuting routes.
Key Highlights
- Separate two‑bedroom ADU with private entrance, kitchen, living room, and full bath
- 3,468 square feet on a 0.29‑acre lot
- Main residence includes a first‑floor bedroom and upstairs primary suite with private bath, walk‑in closet, and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,285
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,700
$1.2M
Cap Rate 7%
$875,500
$875.5K
Cap Rate 9%
$680,944
$680.9K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$93.6K $27.00/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$87.5K $25.25/SF
− OpEx
−$26.3K −$7.57/SF
NOI
$61.3K $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%
$1,225,700
Cap Rate 7%
$875,500
Cap Rate 9%
$680,944
Alternative Uses
Best Use
Multifamily LT 5
$875.5K
$766.1K – $1.02M
NOI $61,285 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$814.5K
$712.7K – $950.3K
NOI $57,016 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$953.2K
$834.0K – $1.11M
NOI $66,723 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A 3,468-square-foot Colonial combines a primary residence with a self-contained accessory dwelling and private entrance.
Where is this duplex located?
The property is located at 1309 Broadway South Portland, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Separate two‑bedroom ADU with private entrance, kitchen, living room, and full bath; 3,468 square feet on a 0.29‑acre lot; Main residence includes a first‑floor bedroom and upstairs primary suite with private bath, walk‑in closet, and balcony
