Two-Unit Residential Income
15 Casey Lane Kennebunk, ME 04043
15 Casey Lane, Kennebunk, ME, 04043
$1,100,000
For Sale
$1,100,000
New construction duplex-style home with three-bedroom main residence and a fully equipped two-bedroom apartment above a two-car garage.
Property Size2,826 SF
Price / SF$389.24
Days on Market26
Property Features for 15 Casey Lane
General Information
- Standard status
- Active
- Size
- 2,826 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2025
Listing Agency
Legacy Properties Sotheby's International Realty
Listed by
Marissa Hyland
(603) 866-2942
Source
Profoundrealestate
Added: Jun 21 Checked: Jul 16 at 2:18 am
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 Legacy Properties Sotheby's International Realty
Investment Insights
Based on property information with market context.
New construction residential income property offering a three-bedroom main residence with an open-concept first floor connecting living, dining, and kitchen areas. Upstairs, the main home includes three bedrooms, featuring a spacious primary suite. The property is equipped with forced hot air heating and central air conditioning for year-round comfort.
An attached two-car garage is topped by a fully equipped two-bedroom apartment, providing flexibility for extended family, guests, a private home office, or rental use. Located in a small, private neighborhood, the home is described as being moments from local schools, within a short stroll to downtown amenities, and offering quick access to the Maine Turnpike for commuting.
With its multi-level layout and dedicated apartment configuration, the property is designed to support both everyday living and supplemental income potential.
An attached two-car garage is topped by a fully equipped two-bedroom apartment, providing flexibility for extended family, guests, a private home office, or rental use. Located in a small, private neighborhood, the home is described as being moments from local schools, within a short stroll to downtown amenities, and offering quick access to the Maine Turnpike for commuting.
With its multi-level layout and dedicated apartment configuration, the property is designed to support both everyday living and supplemental income potential.
Key Highlights
- New construction home (built 2025) featuring a three‑bedroom main residence with an open‑concept living, dining, and kitchen layout
- Primary suite on the upper level, plus two additional bedrooms in the main residence
- Forced hot air heating and central air conditioning for year‑round comfort
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.9k | $25.44 |
| − Vacancy | −$3.6k | −$1.26 |
| EGI | $68.3k | $24.18 |
| − OpEx | −$20.5k | −$7.25 |
| NOI | $47.8k | $16.93 |
2,826 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$683.4K
$598.0K – $797.3K
NOI $47,839 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$623.9K
$545.9K – $727.9K
NOI $43,674 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$895.8K
$783.9K – $1.05M
NOI $62,708 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex-style home with three-bedroom main residence and a fully equipped two-bedroom apartment above a two-car garage.
Where is this duplex located?
The property is located at 15 Casey Lane Kennebunk, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: New construction home (built 2025) featuring a three‑bedroom main residence with an open‑concept living, dining, and kitchen layout; Primary suite on the upper level, plus two additional bedrooms in the main residence; Forced hot air heating and central air conditioning for year‑round comfort
