Duplex with Detached
17 Bateman Street, Sanford, ME 04073
For Sale
$349,900
Two residences have separate entrances, basement laundry hookups, and individual garage/storage areas.
Property Size1,527 SF
Price / SF$229.14
Days on Market105
Property Features for 17 Bateman Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry hookups
garage
off-street parking
sunroom
1st Floor Bedroom
Pantry
Storage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty
(207) 282-5988
Listed By:
Kaitlyn Mooers
(207) 286-6767
Source:
Amerorealty
Added: Jul 28
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1917, this 1,527-square-foot duplex contains two separate residences. The first-floor apartment has two bedrooms, one full bath, a living area, a dining area, and a heated sunroom. Upstairs, the one-bedroom, one-bath apartment has its own entrance. Recent interior work includes fresh paint, some replacement flooring, and updated blinds.
Each unit has separate laundry hookups in the basement, a detached garage or storage space, and access to off-street parking. City utilities are included. The property occupies an in-town double lot and is zoned RDO.
Each unit has separate laundry hookups in the basement, a detached garage or storage space, and access to off-street parking. City utilities are included. The property occupies an in-town double lot and is zoned RDO.
Key Highlights
- Two apartments: first floor has 2 bedrooms and 1 bath; upper floor has 1 bedroom and 1 bath
- 1,527 square feet; built in 1917
- First‑floor unit includes a heated sunroom, living area, and separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,849
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,980
$517.0K
Cap Rate 7%
$369,271
$369.3K
Cap Rate 9%
$287,211
$287.2K
Market Conditions
NOI Build-Up for 1,527 SF
Gross rent
$38.8K $25.44/SF
− Vacancy
−$1.9K −$1.26/SF
EGI
$36.9K $24.18/SF
− OpEx
−$11.1K −$7.25/SF
NOI
$25.8K $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%
$516,980
Cap Rate 7%
$369,271
Cap Rate 9%
$287,211
Alternative Uses
Best Use
Multifamily LT 5
$369.3K
$323.1K – $430.8K
NOI $25,849 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,599 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$484.1K
$423.6K – $564.7K
NOI $33,884 @ 7.0% cap · market cap 9.68%
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
300
Businesses Nearby
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Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 residences have separate entrances, basement laundry hookups, and individual garage/storage areas.
Where is this duplex located?
The property is located at 17 Bateman Street Sanford, ME.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two apartments: first floor has 2 bedrooms and 1 bath; upper floor has 1 bedroom and 1 bath; 1,527 square feet; built in 1917; First‑floor unit includes a heated sunroom, living area, and separate dining area
