Townhouse-Style
For Sale
$599,900
5961 59-61 Maggie Ln, Portland, ME 04103
Two residences offer updated interiors, basement storage, private outdoor space, and paved off-street parking.
Property Size1,872 SF
Lot Size0.49 Acres
Price / SF$320.46
Days on Market63
Property Features for 5961 59-61 Maggie Ln
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.49 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2000
Buildings
1
Listing Agency:
Coyne Webber Real Estate Associates, LLC
Listed By:
Peter Coyne
(207) 939-6126
Source:
Soldbymichaelthomas
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 5 at 7:39PM
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 Coyne Webber Real Estate Associates, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this duplex includes two side-by-side townhouse-style residences, each with two bedrooms and one bathroom. Both units have updated interiors, consistent natural light, and a full daylight basement providing additional storage. The basements connect through a central bulkhead. The property is configured for separate occupancy, with a wide paved area for off-street parking and a deep backyard on the 0.49-acre lot.
The duplex sits at the end of a quiet cul-de-sac and is within walking distance of the University of New England’s Portland Campus for the Health Sciences, including its medical and dental schools. The address is 5961 59-61 Maggie Ln, Portland, ME 04103.
The duplex sits at the end of a quiet cul-de-sac and is within walking distance of the University of New England’s Portland Campus for the Health Sciences, including its medical and dental schools. The address is 5961 59-61 Maggie Ln, Portland, ME 04103.
Key Highlights
- Two side‑by‑side townhouse‑style units, each with 2 bedrooms and 1 bathroom
- Built in 2000 on a 0.49‑acre lot
- Full daylight basement beneath each unit with central bulkhead access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,081
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,620
$661.6K
Cap Rate 7%
$472,586
$472.6K
Cap Rate 9%
$367,567
$367.6K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$50.5K $27.00/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$47.3K $25.25/SF
− OpEx
−$14.2K −$7.57/SF
NOI
$33.1K $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%
$661,620
Cap Rate 7%
$472,586
Cap Rate 9%
$367,567
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
562
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated interiors, basement storage, private outdoor space, and paved off-street parking.
Where is this duplex located?
The property is located at 5961 59-61 Maggie Ln Portland, ME.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two side‑by‑side townhouse‑style units, each with 2 bedrooms and 1 bathroom; Built in 2000 on a 0.49‑acre lot; Full daylight basement beneath each unit with central bulkhead access
