Two-Unit Colonial Multifamily
14 Holly Street, Portland, ME 04103
For Sale
$650,000
A separate one-bedroom apartment offers its own entrance, utilities, kitchen, and laundry facilities.
Property Size2,276 SF
Price / SF$285.59
Days on Market152
Property Features for 14 Holly Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
built-in bookcases
central air
ceiling fans
sundeck
private deck
in-unit laundry
vaulted ceilings
workshop
attic storage
breakfast bar
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Coldwell Banker Realty
(207) 773-1990
Listed By:
Jane Smith
(207) 415-5266
Source:
Integrityhomesrealestategroup
Added: Jun 16
Changed: Nov 11
Last Checked: Nov 12 at 8:38PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
The 1920 Colonial includes a four-bedroom main residence and a one-bedroom apartment added in 1984. The apartment has a private entrance, separate utilities, vaulted ceilings, a kitchen, in-unit laundry, attic storage, and a deck. In the main home, wood floors and built-in bookcases complement a living room that opens to the dining room. The kitchen has cherry cabinetry, a gas range, and a dining nook with access to a sundeck. A lower-level family room, second full bathroom, laundry area, and workshop add further interior space. Heat pumps, a natural gas boiler, and updated electrical serve the property; the main house also has replacement windows and vinyl siding.
The property is at 14 Holly Street in Portland, with access to Metro Bus service. Back Cove, Baxter Woods, Evergreen Trails, and the University of New England are identified nearby. Two paved driveways and covered storage are additional site features.
The property is at 14 Holly Street in Portland, with access to Metro Bus service. Back Cove, Baxter Woods, Evergreen Trails, and the University of New England are identified nearby. Two paved driveways and covered storage are additional site features.
Key Highlights
- 2,276 square feet
- Built in 1920; one‑bedroom apartment added in 1984
- Four‑bedroom main residence plus a one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,220
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,400
$804.4K
Cap Rate 7%
$574,571
$574.6K
Cap Rate 9%
$446,889
$446.9K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$61.5K $27.00/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$57.5K $25.25/SF
− OpEx
−$17.2K −$7.57/SF
NOI
$40.2K $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 Rate 5%
$804,400
Cap Rate 7%
$574,571
Cap Rate 9%
$446,889
Alternative Uses
Best Use
Multifamily LT 5
$574.6K
$502.8K – $670.3K
NOI $40,220 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$534.6K
$467.7K – $623.7K
NOI $37,419 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$625.6K
$547.4K – $729.8K
NOI $43,789 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
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Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Portland, ME
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A separate one-bedroom apartment offers its own entrance, utilities, kitchen, and laundry facilities.
Where is this multifamily property located?
The property is located at 14 Holly Street Portland, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,276 square feet; Built in 1920; one‑bedroom apartment added in 1984; Four‑bedroom main residence plus a one‑bedroom apartment
