Updated Two-Unit
For Sale
$574,000
134 - 136 Sawyer Street, South Portland, ME 04106
Multi-Family, South Portland, ME
Property Size2,323 SF
Lot Size0.11 Acres
Price / SF$247.09
Days on Market70
Property Features for 134 - 136 Sawyer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
VR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking features
On Street, Assigned, Off Street
Interior features
Bathtub
Basement
Partial
Lot features
Well Landscaped, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Near Public Transit
Standard status
Active
Size
2,323 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7166
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Natural Gas, Baseboard
Cooling system
Wall Unit(s), Heat Pump
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty
Listed By:
Jeffrey Mateja
(207) 553-2605
Added: Jul 10
Changed: Sep 12
Last Checked: Sep 17 at 8:06PM
MLS# 1663943
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 2,323-square-foot duplex contains two residential units, each with three bedrooms and additional flexible space. Updated finishes, spacious living areas, vinyl and carpet flooring, bathtubs, and heat pump and baseboard heating support practical everyday use. The wood-frame building has vinyl siding, a shingle roof, and public water and sewer. Constructed in 1830, the property also includes basement space and outdoor areas.
Each unit has assigned off-street parking, with additional on-street parking available. The property is located near downtown Portland and within walking distance of Willard Beach, Second Rodeo Coffee, and Saltwater Grille. Zoning is VR, and the lot measures 0.11 acres.
Each unit has assigned off-street parking, with additional on-street parking available. The property is located near downtown Portland and within walking distance of Willard Beach, Second Rodeo Coffee, and Saltwater Grille. Zoning is VR, and the lot measures 0.11 acres.
Key Highlights
- Two‑unit duplex with 2,323 square feet of property size
- Each unit includes 3 bedrooms plus additional flexible space
- 0.11‑acre lot with assigned and off‑street parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,020
$821.0K
Cap Rate 7%
$586,443
$586.4K
Cap Rate 9%
$456,122
$456.1K
Market Conditions
NOI Build-Up for 2,323 SF
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.
Gross rent
$62.7K $27.00/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$58.6K $25.25/SF
− OpEx
−$17.6K −$7.57/SF
NOI
$41.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,020
Cap Rate 7%
$586,443
Cap Rate 9%
$456,122
Alternative Uses
Best Use
Multifamily LT 5
$586.4K
$513.1K – $684.2K
NOI $41,051 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$638.5K
$558.7K – $744.9K
NOI $44,693 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
304
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - VR-zoned property with assigned and off-street parking serving both residences.
Where is this duplex located?
The property is located at 134 - 136 Sawyer Street South Portland, ME.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,323 square feet of property size; Each unit includes 3 bedrooms plus additional flexible space; 0.11‑acre lot with assigned and off‑street parking for each unit
