Duplex with Separate
For Sale
$629,000
1396 Sanford Road, Wells, ME 04090
Two distinct residences offer options for combined household use or rental income.
Property Size2,986 SF
Price / SF$210.65
Days on Market19
Property Features for 1396 Sanford Road
General Information
Standard status
Active
Size
2,986 SF
Property subtype
Multi-family
Amenities
Colonial
Building Details
Year Built
1988
Listing Agency:
Fontaine Family - The Real Estate Leader
Listed By:
Sylvia Rhodes
(615) 491-2001
Source:
Brendafontaine
Added: Sep 27
Changed: Oct 13
Last Checked: Oct 14 at 11:13PM
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 Fontaine Family - The Real Estate Leader
Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two separate units within a 2,986-square-foot property. The two-unit layout supports a range of residential arrangements, including occupancy of both sides or rental of one unit while living in the other.
The property is located one mile from I-95 and five miles from the beach. Shopping and dining are among the nearby Wells amenities.
The property is located one mile from I-95 and five miles from the beach. Shopping and dining are among the nearby Wells amenities.
Key Highlights
- Two separate residential units
- 2,986 square feet
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,548
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,960
$1.0M
Cap Rate 7%
$722,114
$722.1K
Cap Rate 9%
$561,644
$561.6K
Market Conditions
NOI Build-Up for 2,986 SF
Gross rent
$76.0K $25.44/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$72.2K $24.18/SF
− OpEx
−$21.7K −$7.25/SF
NOI
$50.5K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,960
Cap Rate 7%
$722,114
Cap Rate 9%
$561,644
Alternative Uses
Best Use
Multifamily LT 5
$722.1K
$631.9K – $842.5K
NOI $50,548 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$659.2K
$576.8K – $769.1K
NOI $46,147 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$946.5K
$828.2K – $1.10M
NOI $66,258 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 04090, ME
11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value
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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 - Two distinct residences offer options for combined household use or rental income.
Where is this duplex located?
The property is located at 1396 Sanford Road Wells, ME.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two separate residential units; 2,986 square feet; Built in 1988
