Duplex with Heated
For Sale
$800,000
22 Hawthorne Street, Portland, ME 04103
Two residential units feature updated kitchens, three-bedroom layouts, off-street parking, and flexible space for various living arrangements.
Property Size2,896 SF
Price / SF$276.24
Days on Market8
Property Features for 22 Hawthorne Street
General Information
Standard status
Active
Size
2,896 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$10,445
Building Details
Building Size
2,896 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Portside Real Estate Group
(207) 233-3933
Listed By:
Taylor McFarlane
(207) 233-3933
Source:
Heathershieldsmaine
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 6 at 3:33AM
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 Portside Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1930, this 2,896-square-foot duplex contains two residential units with three bedrooms and one full bath in each. The first unit includes Pergo flooring across much of the living area, refreshed cabinetry and appliances, a dedicated mudroom, and a spacious living room. The second unit has an updated kitchen with granite counters and stainless steel appliances, a large living room, and a new heat pump.
A heated two-car garage serving the second unit includes a half bath, while the large driveway adds substantial off-street parking. The property is located three minutes from the Portland Peninsula, with Martin's Point Park, Mackworth Island, Back Cove, and everyday amenities nearby. Its two-unit configuration supports owner occupancy, multigenerational living, or use as an investment property.
A heated two-car garage serving the second unit includes a half bath, while the large driveway adds substantial off-street parking. The property is located three minutes from the Portland Peninsula, with Martin's Point Park, Mackworth Island, Back Cove, and everyday amenities nearby. Its two-unit configuration supports owner occupancy, multigenerational living, or use as an investment property.
Key Highlights
- 2,896‑square‑foot duplex built in 1930
- Two residential units, each with 3 bedrooms and 1 full bath
- Heated 2‑car garage with half bath for the second unit
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 | $78.2k | $27.00 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $73.1k | $25.25 |
| − OpEx | −$21.9k | −$7.57 |
| NOI | $51.2k | $17.67 |
2,896 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.1K
$639.7K – $853.0K
NOI $51,177 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$680.2K
$595.2K – $793.5K
NOI $47,612 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$796.0K
$696.5K – $928.6K
NOI $55,718 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
333
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, three-bedroom layouts, off-street parking, and flexible space for various living arrangements.
Where is this duplex located?
The property is located at 22 Hawthorne Street Portland, ME.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,896‑square‑foot duplex built in 1930; Two residential units, each with 3 bedrooms and 1 full bath; Heated 2‑car garage with half bath for the second unit
