Duplex With Private
For Sale
$575,000
16 Caryn Drive, Saco, ME 04072
Two-level layouts place living and dining areas downstairs and bedrooms on the upper floor in each residence.
Property Size1,938 SF
Price / SF$296.70
Days on Market462
Property Features for 16 Caryn Drive
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Multi Family Home
Zoning
MDR
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,143
Amenities
ample storage
laundry hookups
backyard
private decks
Building Details
Building Size
1,938 SF
Year Built
1988
Buildings
1
Units
2
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Carrie Scoville Amy Foley
(207) 730-3071
Source:
Amerorealty
Added: Jul 28, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Signature Homes Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two residences totaling 1,938 square feet. Each has a first-floor living room, dining area, kitchen and half bathroom, with two bedrooms and a full bathroom upstairs. Recent work includes new flooring in both units, including LVP, and new carpet on both upper levels. Unit B has a renovated kitchen.
A daylight basement provides storage and laundry hookups, and the property has separate utilities. Outdoor features include a backyard and private decks. The property is in Saco, near shopping, with access to I-95. Zoning is MDR.
A daylight basement provides storage and laundry hookups, and the property has separate utilities. Outdoor features include a backyard and private decks. The property is in Saco, near shopping, with access to I-95. Zoning is MDR.
Key Highlights
- Two‑unit duplex with 1,938 square feet
- Built in 1988; zoned MDR
- Each unit has two bedrooms, one full bathroom and a first‑floor half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,807
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,140
$656.1K
Cap Rate 7%
$468,671
$468.7K
Cap Rate 9%
$364,522
$364.5K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$49.3K $25.44/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$46.9K $24.18/SF
− OpEx
−$14.1K −$7.25/SF
NOI
$32.8K $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%
$656,140
Cap Rate 7%
$468,671
Cap Rate 9%
$364,522
Alternative Uses
Best Use
Multifamily LT 5
$468.7K
$410.1K – $546.8K
NOI $32,807 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$427.9K
$374.4K – $499.2K
NOI $29,950 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$614.3K
$537.6K – $716.7K
NOI $43,004 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
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 - Two-level layouts place living and dining areas downstairs and bedrooms on the upper floor in each residence.
Where is this duplex located?
The property is located at 16 Caryn Drive Saco, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,938 square feet; Built in 1988; zoned MDR; Each unit has two bedrooms, one full bathroom and a first‑floor half bathroom
