Two-Unit Colonial
New
For Sale
$629,000
1396 Sanford Road, Wells, ME 04090
Multi-Family, Wells, ME
Property Size2,986 SF
Lot Size2.13 Acres
Price / SF$210.65
Days on Market7
Property Features for 1396 Sanford Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Interior features
Bathtub
Basement
Walk-Out Access
Lot features
Level, Near Turnpike/ Interstate
Standard status
Active
Size
2,986 SF
Lot size
2.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3092
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas, Baseboard
Water source
Well, Private
Building Details
Year built
1988
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet, Tile
Building materials
Wood Frame, Clapboard
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 289-3830
Listed By:
Sylvia Rhodes
(615) 491-2001
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 5 at 10:06PM
MLS# 1682438
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 1988 Colonial-style duplex contains two separate units within 2,986 square feet. The 2.13-acre property has a basement, two bathrooms, and laminate, carpet, and tile flooring. Wood-frame construction with clapboard siding and a shingle roof completes the building. Water is supplied by a private well, and the property has a private sewer system.
The property is one mile from I-95 and five miles from the beach. Shopping and dining are among the nearby amenities in Wells.
The property is one mile from I-95 and five miles from the beach. Shopping and dining are among the nearby amenities in Wells.
Key Highlights
- Two‑unit duplex with 2,986 square feet of building area
- 2.13‑acre property in Wells
- One mile from I‑95 and five miles from the beach
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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 - Separate living units and a private well and sewer serve this residential property in Wells.
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‑unit duplex with 2,986 square feet of building area; 2.13‑acre property in Wells; One mile from I‑95 and five miles from the beach
