Duplex With Detached
143 Summer Street, Kennebunk, ME 04043
For Sale
$620,000
Two separate living spaces support owner-occupancy, guest use, or rental income.
Property Size3,152 SF
Lot Size0.48 Acres
Price / SF$196.70
Days on Market66
Property Features for 143 Summer Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Amenities
woodstove
raised garden beds
Building Details
Year Built
Buildings
Listing Agency:
Portside Real Estate Group
Listed By:
Catie Seavey
(207) 204-0465
Source:
Portsiderealestategroup
Added: Sep 2
Changed: Oct 30
Last Checked: Nov 6 at 9:59AM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
This two-unit duplex includes a 3,152-square-foot main residence and a separate apartment above a detached two-car garage. The primary home has three bedrooms and 1.5 bathrooms, with an open first-floor arrangement balanced by defined living areas. Recent interior paint, new carpeting upstairs, a woodstove, and raised garden beds add practical and lifestyle features. The garage apartment provides two bedrooms and one bathroom, creating a second distinct living space for rental, guest, or owner-related use.
The property occupies 0.48 acres at 143 Summer St in Kennebunk’s Historic District, with front and rear yards overlooking Moulton Farm. Sidewalk connections lead toward Downtown Kennebunk, Lower Village, and the beaches. Built in 1880, the property combines a historic setting with two residential accommodations and flexible occupancy options.
The property occupies 0.48 acres at 143 Summer St in Kennebunk’s Historic District, with front and rear yards overlooking Moulton Farm. Sidewalk connections lead toward Downtown Kennebunk, Lower Village, and the beaches. Built in 1880, the property combines a historic setting with two residential accommodations and flexible occupancy options.
Key Highlights
- Two‑unit property with 3,152 square feet
- Main residence offers 3 bedrooms and 1.5 bathrooms
- Detached two‑car garage includes a second‑floor 2‑bedroom, 1‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,358
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,160
$1.1M
Cap Rate 7%
$762,257
$762.3K
Cap Rate 9%
$592,867
$592.9K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$80.2K $25.44/SF
− Vacancy
−$4.0K −$1.26/SF
EGI
$76.2K $24.18/SF
− OpEx
−$22.9K −$7.25/SF
NOI
$53.4K $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%
$1,067,160
Cap Rate 7%
$762,257
Cap Rate 9%
$592,867
Alternative Uses
Best Use
Multifamily LT 5
$762.3K
$667.0K – $889.3K
NOI $53,358 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$695.9K
$608.9K – $811.9K
NOI $48,712 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$999.2K
$874.3K – $1.17M
NOI $69,942 @ 7.0% cap · market cap 11.28%
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
43
Businesses Nearby
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Business Placement
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces support owner-occupancy, guest use, or rental income.
Where is this duplex located?
The property is located at 143 Summer Street Kennebunk, ME.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑unit property with 3,152 square feet; Main residence offers 3 bedrooms and 1.5 bathrooms; Detached two‑car garage includes a second‑floor 2‑bedroom, 1‑bathroom apartment
