2-Unit Duplex with Upper-Level
For Sale
$510,000
22 Clifford Street, Westbrook, ME 04092
Hardwood flooring in both units and flexible access to the upper residence support a range of occupancy arrangements.
Property Size1,438 SF
Price / SF$354.66
Days on Market205
Property Features for 22 Clifford Street
General Information
Standard status
Active
Size
1,438 SF
Property subtype
Multi Family Home
Zoning
11
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,519
Building Details
Building Size
1,438 SF
Year Built
1900
Units
2
Listing Agency:
Bedard Homes and Realty
Listed By:
Victoria Bedard
(207) 710-1908
Source:
Amerorealty
Added: Apr 11
Changed: Oct 31
Last Checked: Oct 31 at 2:13PM
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 Bedard Homes and Realty
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Investment Insights
Based on property information with market context.
This 1,438-square-foot duplex, built in 1900, contains two units with hardwood floors. The upper residence can be reached from inside the building or through a separate exterior entrance. The property also includes a backyard.
At 22 Clifford Street in Westbrook, the property is described as near shopping, local amenities, and commuter routes. Zoning is listed as 11. The home is currently owner-occupied and has also been used as a short-term rental for traveling professionals.
At 22 Clifford Street in Westbrook, the property is described as near shopping, local amenities, and commuter routes. Zoning is listed as 11. The home is currently owner-occupied and has also been used as a short-term rental for traveling professionals.
Key Highlights
- Two‑unit property with 1,438 square feet
- Upper unit has both interior and exterior access
- Hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,412
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,240
$508.2K
Cap Rate 7%
$363,029
$363.0K
Cap Rate 9%
$282,356
$282.4K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$38.8K $27.00/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$36.3K $25.25/SF
− OpEx
−$10.9K −$7.57/SF
NOI
$25.4K $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%
$508,240
Cap Rate 7%
$363,029
Cap Rate 9%
$282,356
Alternative Uses
Best Use
Multifamily LT 5
$363.0K
$317.7K – $423.5K
NOI $25,412 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$337.7K
$295.5K – $394.0K
NOI $23,642 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$395.2K
$345.8K – $461.1K
NOI $27,666 @ 7.0% cap · market cap 5.42%
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
545
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Hardwood flooring in both units and flexible access to the upper residence support a range of occupancy arrangements.
Where is this duplex located?
The property is located at 22 Clifford Street Westbrook, ME.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑unit property with 1,438 square feet; Upper unit has both interior and exterior access; Hardwood floors in both units
