Two-Unit Duplex with Sun
169 Longfellow Street, Portland, ME 04103
For Sale
$925,000
Each residence has a separate sun porch, adding distinct enclosed space to both units.
Property Size2,838 SF
Lot Size0.25 Acres
Price / SF$325.93
Days on Market153
Property Features for 169 Longfellow Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
sun porch
private patio
raised garden beds
mature landscaping
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Source:
Integrityhomesrealestategroup
Added: Jun 15
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 Vitalius Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
At 169 Longfellow Street in Portland, this 2,838-square-foot duplex dates to 1892 and sits on a quarter-acre corner lot. The first-floor residence has 2 bedrooms and has been refreshed; the upper unit includes 3 bedrooms and may suit a buyer planning updates. Both units have large living rooms and their own sun porches. The property is vacant, and zoning is RN-1.
Outdoor features include mature landscaping, raised garden beds, and a patio. A detached two-car garage provides parking and storage, while an unfinished attic is also part of the property. Parks, trails, restaurants, and downtown Portland are described as nearby.
Outdoor features include mature landscaping, raised garden beds, and a patio. A detached two-car garage provides parking and storage, while an unfinished attic is also part of the property. Parks, trails, restaurants, and downtown Portland are described as nearby.
Key Highlights
- Two residences: 2 bedrooms on the first floor and 3 bedrooms upstairs
- 2,838 square feet on a quarter‑acre corner lot
- Separate sun porches and large living rooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,152
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,040
$1.0M
Cap Rate 7%
$716,457
$716.5K
Cap Rate 9%
$557,244
$557.2K
Market Conditions
NOI Build-Up for 2,838 SF
Gross rent
$76.6K $27.00/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$71.6K $25.25/SF
− OpEx
−$21.5K −$7.57/SF
NOI
$50.2K $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%
$1,003,040
Cap Rate 7%
$716,457
Cap Rate 9%
$557,244
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$626.9K – $835.9K
NOI $50,152 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$666.5K
$583.2K – $777.6K
NOI $46,658 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$780.0K
$682.5K – $910.0K
NOI $54,602 @ 7.0% cap · market cap 5.90%
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
948
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 Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate sun porch, adding distinct enclosed space to both units.
Where is this duplex located?
The property is located at 169 Longfellow Street Portland, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two residences: 2 bedrooms on the first floor and 3 bedrooms upstairs; 2,838 square feet on a quarter‑acre corner lot; Separate sun porches and large living rooms in both units
