Duplex with Updated
For Sale
$280,000
14 Hammond St, Sanford, ME 04073
Wood flooring, a covered porch, basement hookups, and separate electric water heaters support the two-unit layout.
Property Size1,224 SF
Price / SF$228.76
Days on Market47
Property Features for 14 Hammond St
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
covered porch
basement access with washer/dryer hookups
Building Details
Year Built
1902
Listing Agency:
Century 21 North East
Listed By:
Brian Samia Gary Samia
(207) 200-1388
Source:
Aroostookrealestate
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 7 at 3:28PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This 1902 duplex contains two 1-bedroom, 1-bath residences. The first-floor unit is vacant and includes fresh paint, wood flooring, a covered porch, and basement access with washer/dryer hookups. The second-floor residence is well maintained and also has wood flooring. Vinyl siding and aluminum trim wrap provide a low-maintenance exterior.
The heating system, oil tank, and chimney liner were updated in 2023. Each unit has its own electric hot water heater. Located in downtown Sanford, the property offers access to shopping, restaurants, walking trails, and other community amenities. The separate unit configuration supports either owner occupancy with an additional rented residence or continued use as a two-unit investment property.
The heating system, oil tank, and chimney liner were updated in 2023. Each unit has its own electric hot water heater. Located in downtown Sanford, the property offers access to shopping, restaurants, walking trails, and other community amenities. The separate unit configuration supports either owner occupancy with an additional rented residence or continued use as a two-unit investment property.
Key Highlights
- Two‑unit duplex with 1‑bedroom, 1‑bath residences
- First‑floor unit is vacant and includes fresh paint, wood flooring, covered porch, and basement washer/dryer hookups
- Heating system, oil tank, and chimney liner updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,720
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,400
$414.4K
Cap Rate 7%
$296,000
$296.0K
Cap Rate 9%
$230,222
$230.2K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$31.1K $25.44/SF
− Vacancy
−$1.5K −$1.26/SF
EGI
$29.6K $24.18/SF
− OpEx
−$8.9K −$7.25/SF
NOI
$20.7K $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%
$414,400
Cap Rate 7%
$296,000
Cap Rate 9%
$230,222
Alternative Uses
Best Use
Multifamily LT 5
$296.0K
$259.0K – $345.3K
NOI $20,720 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$270.2K
$236.5K – $315.3K
NOI $18,916 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$388.0K
$339.5K – $452.7K
NOI $27,160 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Wood flooring, a covered porch, basement hookups, and separate electric water heaters support the two-unit layout.
Where is this duplex located?
The property is located at 14 Hammond St Sanford, ME.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom, 1‑bath residences; First‑floor unit is vacant and includes fresh paint, wood flooring, covered porch, and basement washer/dryer hookups; Heating system, oil tank, and chimney liner updated in 2023
