Updated Duplex on Corner
For Sale
$469,900
2 Brunelle Avenue, Sanford, ME 04073
Two renovated units include heat pumps and stainless steel appliances, with RD zoning.
Property Size1,894 SF
Price / SF$248.10
Days on Market143
Property Features for 2 Brunelle Avenue
General Information
Standard status
Active
Size
1,894 SF
Property subtype
Multi Family Home
Zoning
RD
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,136
Building Details
Building Size
1,894 SF
Year Built
1984
Units
2
Listing Agency:
RE/MAX Shoreline
(207) 553-7500
Listed By:
Scott Sheppard · License #BA91216
(207) 751-8774
Source:
Amerorealty
Added: Jun 12
Changed: Oct 31
Last Checked: Oct 31 at 2:32PM
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 RE/MAX Shoreline
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Investment Insights
Based on property information with market context.
This duplex contains 1,894 square feet across two units, both with renovated interiors, heat pumps, and stainless steel appliances. Built in 1984, the property also has RD zoning and sits on a corner lot with outdoor yard space.
The address is 2 Brunelle Avenue in Sanford, Maine. Its location offers access to local services, shopping, and major travel routes.
The address is 2 Brunelle Avenue in Sanford, Maine. Its location offers access to local services, shopping, and major travel routes.
Key Highlights
- Two‑unit duplex with 1,894 square feet
- Both units have renovated interiors
- Heat pumps and stainless steel appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,062
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,240
$641.2K
Cap Rate 7%
$458,029
$458.0K
Cap Rate 9%
$356,244
$356.2K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$48.2K $25.44/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$45.8K $24.18/SF
− OpEx
−$13.7K −$7.25/SF
NOI
$32.1K $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%
$641,240
Cap Rate 7%
$458,029
Cap Rate 9%
$356,244
Alternative Uses
Best Use
Multifamily LT 5
$458.0K
$400.8K – $534.4K
NOI $32,062 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$600.4K
$525.3K – $700.5K
NOI $42,027 @ 7.0% cap · market cap 8.94%
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
73
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units include heat pumps and stainless steel appliances, with RD zoning.
Where is this duplex located?
The property is located at 2 Brunelle Avenue Sanford, ME.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,894 square feet; Both units have renovated interiors; Heat pumps and stainless steel appliances in each unit
