Two-Unit Residential Income
172 East Main Street Yarmouth, ME 04096
172 East Main Street, Yarmouth, ME, 04096
$650,000
Pending
For Sale
$650,000
Pending
Duplex featuring a first-floor 1-bedroom unit and an upstairs 3-bedroom unit with updated major systems.
Property Size2,799 SF
Days on Market166
Property Features for 172 East Main Street
General Information
- Standard status
- Pending
- Size
- 2,799 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
StartPoint Realty
(207) 671-9342
Listed by
Christopher Cormier
(207) 671-9342
Source
Compass
Added: Feb 6 Updated: Jul 21 at 1:59AM Checked: Jul 21 at 6:35AM
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 StartPoint Realty
Investment Insights
Based on property information with market context.
This two-unit duplex offers an owner-occupied or investment setup with two separate living spaces. The first-floor unit is a 1-bedroom layout with solid pine floors and a renovated kitchen. The upstairs unit is a 3-bedroom configuration and includes living space spread across two floors.
The property is located on East Main Street in Yarmouth, Maine, and is described as being minutes to Portland.
Recent improvements include updated major systems, with newer windows, heat pumps, water heaters, and roof shingles, reducing near-term replacement concerns for a new owner.
The property is located on East Main Street in Yarmouth, Maine, and is described as being minutes to Portland.
Recent improvements include updated major systems, with newer windows, heat pumps, water heaters, and roof shingles, reducing near-term replacement concerns for a new owner.
Key Highlights
- 2‑unit wood duplex: first‑floor 1‑bedroom unit and an upstairs 3‑bedroom unit with two floors of living space
- Updated major systems include newer windows, heat pumps, water heaters, and roof shingles
- Heat pump cooling plus steam, heat pump, and direct vent heater for heating
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 | $75.6k | $27.00 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $70.7k | $25.25 |
| − OpEx | −$21.2k | −$7.57 |
| NOI | $49.5k | $17.67 |
2,799 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$706.6K
$618.3K – $824.4K
NOI $49,463 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$657.4K
$575.2K – $767.0K
NOI $46,017 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$769.3K
$673.2K – $897.5K
NOI $53,852 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Priscilla Savage Middle ...
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex featuring a first-floor 1-bedroom unit and an upstairs 3-bedroom unit with updated major systems.
Where is this duplex located?
The property is located at 172 East Main Street Yarmouth, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2‑unit wood duplex: first‑floor 1‑bedroom unit and an upstairs 3‑bedroom unit with two floors of living space; Updated major systems include newer windows, heat pumps, water heaters, and roof shingles; Heat pump cooling plus steam, heat pump, and direct vent heater for heating
