Side-by-Side Two-Unit
186 Front Street, South Portland, ME 04106
New
MULTI_FAMILY - South Portland, ME
Property size:
2,270 SFLot size:
0.10 AcresPrice / SF:
$263/SF- Added:
- Jun 20, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 186 Front Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- G
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Patio and Porch features
- Patio
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Pantry
- Fencing
- Fenced
- Basement
- Sump Pump, Dirt Floor, Unfinished, Full
- Standard status
- Active
- Size
- 2,270 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6601
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Other (Heating), Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1875
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Flat, Rolled Hot Mop
Listing agent Marc Gup (207) 232-6127
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date Jun 20, 2026
MLS# 1667866
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑unit side‑by‑side building at 186‑188 Front St; one unit is vacant and the other has long‑term tenants (20 years)
- Each unit offers 2 bedrooms and a full bathroom on the first floor, plus living room, kitchen, dining, and a half bath on the second floor
- First‑floor primary bedroom with bath and a 1st floor bedroom option, plus pantry
- Newer gas boiler and hot water/baseboard heating; cooling provided by window unit(s)
- Public water and public sewer; fenced property with parking behind and a patio
- Year built 1875 with wood frame construction, vinyl siding, tile/wood flooring, and flat/rolled hot mop roof
Overview
This side-by-side two-unit duplex at 186-188 Front Street includes two bedrooms per unit, with laundry and a full bathroom on the first floor. Each unit also features a living room, kitchen, dining space, and a half bath on the second floor. Parking is located behind the building, and the property has a newer gas boiler. One unit is currently vacant, while the other is occupied by long-term tenants who have been there for about 20 years. Some renovations are needed, and the home has been pre-inspected for buyer convenience.
The property is located in South Portland, Maine, in the Ferry Village area. The offering includes an opportunity for buyers to review the pre-inspection materials and evaluate renovation needs alongside the existing rental setup. Zoning is listed as G.
From a tenant or ownership perspective, the duplex layout supports straightforward unit-by-unit living with in-unit laundry and multiple baths. For buyers planning to occupy or manage both units, the combination of one vacant unit and one currently tenant-occupied unit can simplify staging updates while preserving rental income continuity where the existing lease remains in place, subject to the buyer’s goals and any applicable lease terms.
The property is located in South Portland, Maine, in the Ferry Village area. The offering includes an opportunity for buyers to review the pre-inspection materials and evaluate renovation needs alongside the existing rental setup. Zoning is listed as G.
From a tenant or ownership perspective, the duplex layout supports straightforward unit-by-unit living with in-unit laundry and multiple baths. For buyers planning to occupy or manage both units, the combination of one vacant unit and one currently tenant-occupied unit can simplify staging updates while preserving rental income continuity where the existing lease remains in place, subject to the buyer’s goals and any applicable lease terms.
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 | $61.3k | $27.00 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $57.3k | $25.25 |
| − OpEx | −$17.2k | −$7.57 |
| NOI | $40.1k | $17.67 |
2,270 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.4K – $668.6K
NOI $40,114 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$533.1K
$466.5K – $622.0K
NOI $37,320 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$623.9K
$545.9K – $727.9K
NOI $43,674 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.240104
- Latitude
- 43.649898
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit side-by-side building with in-unit laundry, off-street parking, and a newer gas boiler.
Where is this duplex located?
The property is located at 186 Front Street South Portland, ME.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2‑unit side‑by‑side building at 186‑188 Front St; one unit is vacant and the other has long‑term tenants (20 years); Each unit offers 2 bedrooms and a full bathroom on the first floor, plus living room, kitchen, dining, and a half bath on the second floor; First‑floor primary bedroom with bath and a 1st floor bedroom option, plus pantry
