Two-Unit
New
For Sale
$280,000
14 Hammond Street, Sanford, ME 04073
Multi-Family, Sanford, ME
Property Size1,224 SF
Lot Size0.06 Acres
Price / SF$228.76
Days on Market3
Property Features for 14 Hammond Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
U
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
1st Floor Bedroom
Basement
Full, Unfinished
Lot features
Sidewalks, Intown
Standard status
Active
Size
1,224 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3277
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 North East · Century 21 Real Estate
(800) 844-7653
Listed By:
Brian Samia Gary Samia
(207) 200-1388
Added: Oct 4
Last Checked: Oct 6 at 4:06PM
MLS# 1678234
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 1,224-square-foot duplex contains two one-bedroom, one-bathroom apartments. The first-floor unit is vacant and features wood flooring, a covered porch and basement access with washer/dryer hookups. The second-floor apartment also has wood flooring. Vinyl siding and aluminum trim cover the exterior, and the property has off-street parking.
Improvements completed in 2023 include the heating system, oil tank and chimney liner. Each apartment has a separate electric hot water heater. The building was constructed in 1902 and sits on a 0.06-acre lot. Public water and sewer serve the property, which is zoned U.
The property is in Sanford, with shopping, restaurants, walking trails and community amenities nearby. Its two separate apartments and existing first-floor vacancy provide distinct occupancy options.
Improvements completed in 2023 include the heating system, oil tank and chimney liner. Each apartment has a separate electric hot water heater. The building was constructed in 1902 and sits on a 0.06-acre lot. Public water and sewer serve the property, which is zoned U.
The property is in Sanford, with shopping, restaurants, walking trails and community amenities nearby. Its two separate apartments and existing first-floor vacancy provide distinct occupancy options.
Key Highlights
- Two 1‑bedroom, 1‑bathroom apartments in a 1,224‑square‑foot building
- First‑floor apartment is vacant and includes a 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.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The vacant first-floor apartment has wood flooring, a covered porch and basement washer/dryer hookups.
Where is this duplex located?
The property is located at 14 Hammond Street 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 1‑bedroom, 1‑bathroom apartments in a 1,224‑square‑foot building; First‑floor apartment is vacant and includes a covered porch and basement washer/dryer hookups; Heating system, oil tank and chimney liner updated in 2023
