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Side-by-Side Duplex with Updates

1327 US-1 York, ME 03902

New
1327 US-1, York, ME, 03902
$750,000
For Sale
$750,000

MULTI_FAMILY - Other - York, ME

Property Size2,427 SF
Lot Size0.95 Acres
Price / SF$309.02
Days on Market2

Property Features for 1327 US-1

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom, Shower
Basement
Crawl Space
Standard status
Active
Size
2,427 SF
Lot size
0.95 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5254

Utilities

Sewer type
Private Sewer, Septic Tank
Heating system
Baseboard, Hot Water(Heating), Oil
Water source
Public

Building Details

Year built
1910
Floors in Building
3
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency RE/MAX Realty One
439 US Route One, York, ME
Listed by Robert Coles Jr. · License #BR913240
Added: Jul 16 Checked: Jul 17 at 9:06 pm
MLS# 1664999 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.


Investment Insights

Based on property information with market context.

This classic side-by-side duplex, originally built in the early 1900s, is currently used as a rental property and has many updates already in place. The home presents two distinct, well-defined units designed to give tenants or an owner-occupant privacy while still functioning as a single property. Unit 1 features a 2¾-story layout with a modern kitchen, three bedrooms, 1.5 baths, and additional finished attic space. Unit 2 offers a two-story arrangement with three bedrooms and two recently updated bathrooms, along with rooms refreshed with new flooring.

The exterior improvements include a brand new rear deck, new granite exterior stairs, and updated landscaping. Additional system upgrades include a new left-side heating system and a brand new 6-bedroom septic system. The property sits on US Route 1 in York, placing it within minutes of the area’s beaches, dining, and coastal attractions.

For investors, the duplex configuration supports rental income from two separate units while keeping maintenance and ownership streamlined. For owner-occupants, the side-by-side design can feel more like a home, with the option to live in one unit and rent the other. With meaningful upgrades already completed and solid bones throughout, the property offers immediate usability alongside room to tailor finishes over time.

Key Highlights

  • Classic side‑by‑side duplex in Cape Neddick, currently used as a rental property
  • Two units: Unit 1 offers 3 bedrooms, 1.5 baths, and a finished attic area; Unit 2 offers 3 bedrooms and 2 recently updated bathrooms
  • Recent upgrades include a brand‑new rear deck, new granite exterior stairs, and a new left‑side heating system

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 $61.7k $25.44
− Vacancy −$3.1k −$1.26
EGI $58.7k $24.18
− OpEx −$17.6k −$7.25
NOI $41.1k $16.93
2,427 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$586.9K
$513.6K – $684.8K (±1% cap)
NOI $41,085 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$535.8K
$468.9K – $625.1K (±1% cap)
NOI $37,508 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$769.3K
$673.2K – $897.6K (±1% cap)
NOI $53,854 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

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

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Building Supply Grocery & Convenience Store Pharmacy Auto Repair Shop Electrical Service Florist Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Side-by-side duplex offers two rental-ready units with multiple recent upgrades and strong owner-occupant flexibility.
Where is this duplex located?
The property is located at 1327 US-1 York, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Classic side‑by‑side duplex in Cape Neddick, currently used as a rental property; Two units: Unit 1 offers 3 bedrooms, 1.5 baths, and a finished attic area; Unit 2 offers 3 bedrooms and 2 recently updated bathrooms; Recent upgrades include a brand‑new rear deck, new granite exterior stairs, and a new left‑side heating system
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