Updated Two-Unit
For Sale
$639,000
20 Giles Street, Westbrook, ME 04092
Two townhouse-style residences offer separate utilities, individual heating systems, private driveways, and decks.
Property Size3,165 SF
Price / SF$201.90
Days on Market169
Property Features for 20 Giles Street
General Information
Standard status
Active
Size
3,165 SF
Property subtype
Multi Family Home
Zoning
16
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,244
Building Details
Building Size
3,165 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Daniel Weber Nicholas Laverriere
(207) 284-3043
Source:
Integrityhomesrealestategroup
Added: May 13
Changed: Oct 26
Last Checked: Oct 26 at 4:04AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,165-square-foot duplex contains two townhouse-style homes, each with three bedrooms and a third-floor bonus room. Both residences have been updated and include separate utility services and heating systems. Private driveways, newly constructed decks, and distinct backyard areas provide separate outdoor space for each unit.
The property sits across from Riverbank Park and its playground. Downtown Westbrook’s coffee shops, restaurants, breweries, bars, and retail are within walking distance, as are paths along the Presumpscot River. The building dates to 1900 and is zoned 16.
The property sits across from Riverbank Park and its playground. Downtown Westbrook’s coffee shops, restaurants, breweries, bars, and retail are within walking distance, as are paths along the Presumpscot River. The building dates to 1900 and is zoned 16.
Key Highlights
- 3,165‑square‑foot duplex with two townhouse‑style units
- Each unit has 3 bedrooms and a third‑floor bonus room
- Separate utilities and heating systems for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,930
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,600
$1.1M
Cap Rate 7%
$799,000
$799.0K
Cap Rate 9%
$621,444
$621.4K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$85.5K $27.00/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$79.9K $25.25/SF
− OpEx
−$24.0K −$7.57/SF
NOI
$55.9K $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%
$1,118,600
Cap Rate 7%
$799,000
Cap Rate 9%
$621,444
Alternative Uses
Best Use
Multifamily LT 5
$799.0K
$699.1K – $932.2K
NOI $55,930 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$743.3K
$650.4K – $867.2K
NOI $52,034 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$869.9K
$761.2K – $1.01M
NOI $60,893 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style residences offer separate utilities, individual heating systems, private driveways, and decks.
Where is this duplex located?
The property is located at 20 Giles Street Westbrook, ME.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 3,165‑square‑foot duplex with two townhouse‑style units; Each unit has 3 bedrooms and a third‑floor bonus room; Separate utilities and heating systems for each residence
