Duplex with Water
17-23 Eastern Avenue, Saco, ME 04072
For Sale
$1,075,000
Two residences combine separate porch areas with ocean and river views in Camp Ellis.
Property Size1,866 SF
Price / SF$576.10
Days on Market76
Property Features for 17-23 Eastern Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Stories
Units
Listing Agency:
Real Broker
(207) 272-3984
Listed By:
Luke Morris
(603) 401-5858
Source:
Amerorealty
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 9 at 12:19PM
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 Real Broker
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Investment Insights
Based on property information with market context.
This duplex contains two apartments: a first-floor unit with three bedrooms and one bathroom, and an upper-floor unit with two bedrooms and one bathroom. Both residences have ocean and river views, along with their own section of the wraparound porch. A full interior renovation was completed in 2013, and the property has four parking spaces. Zoning is B5 Res Bus.
Camp Ellis Beach, the marina, and the jetty are steps from the property. The building has a history of use as a rental property, and its two-unit layout also allows an owner to occupy one residence while renting the other.
Camp Ellis Beach, the marina, and the jetty are steps from the property. The building has a history of use as a rental property, and its two-unit layout also allows an owner to occupy one residence while renting the other.
Key Highlights
- Two apartments: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom
- Ocean and river views from both units
- Separate portions of a wraparound porch for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,588
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,760
$631.8K
Cap Rate 7%
$451,257
$451.3K
Cap Rate 9%
$350,978
$351.0K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$47.5K $25.44/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$45.1K $24.18/SF
− OpEx
−$13.5K −$7.25/SF
NOI
$31.6K $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%
$631,760
Cap Rate 7%
$451,257
Cap Rate 9%
$350,978
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,588 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.6K
NOI $28,838 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$591.5K
$517.6K – $690.1K
NOI $41,406 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
119
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
$370,300
Median Home Value
Market
Average Price Trend$/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 residences combine separate porch areas with ocean and river views in Camp Ellis.
Where is this duplex located?
The property is located at 17-23 Eastern Avenue Saco, ME.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom; Ocean and river views from both units; Separate portions of a wraparound porch for each unit
