Two-Unit Ranch
For Sale
$675,000
18-20 Dingley Ct, Portland, ME 04103
A three-bedroom unit and a two-bedroom unit provide flexible residential income space.
Property Size1,864 SF
Price / SF$362.12
Days on Market52
Property Features for 18-20 Dingley Ct
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1969
Construction
ranch
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 4 at 1:20PM
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 Kathy Gallant
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Investment Insights
Based on property information with market context.
This 1,864-square-foot duplex, built in 1969, contains two separate residential units. The larger unit has 3 bedrooms, 1 bathroom, a functional layout, and a rear deck. The second unit includes 2 bedrooms, 1 bathroom, and an open living, dining, and kitchen arrangement.
The property is positioned at the end of a dead-end street at 18-20 Dingley Court in Portland, Maine. Both units have been occupied by long-term tenants for many years, providing established rental history. Schools are within walking distance, with Portland amenities located nearby.
The property is positioned at the end of a dead-end street at 18-20 Dingley Court in Portland, Maine. Both units have been occupied by long-term tenants for many years, providing established rental history. Schools are within walking distance, with Portland amenities located nearby.
Key Highlights
- Two‑unit duplex with 1,864 square feet
- Unit mix includes 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,940
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,800
$658.8K
Cap Rate 7%
$470,571
$470.6K
Cap Rate 9%
$366,000
$366.0K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$50.3K $27.00/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$47.1K $25.25/SF
− OpEx
−$14.1K −$7.57/SF
NOI
$32.9K $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%
$658,800
Cap Rate 7%
$470,571
Cap Rate 9%
$366,000
Alternative Uses
Best Use
Multifamily LT 5
$470.6K
$411.8K – $549.0K
NOI $32,940 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$437.8K
$383.1K – $510.8K
NOI $30,645 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$512.3K
$448.3K – $597.7K
NOI $35,863 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
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 - A three-bedroom unit and a two-bedroom unit provide flexible residential income space.
Where is this duplex located?
The property is located at 18-20 Dingley Ct Portland, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,864 square feet; Unit mix includes 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; Built in 1969
