Duplex with Heated Two-Car
New
For Sale
$800,000
22 Hawthorne Street, Portland, ME 04103
MULTI_FAMILY - Colonial - Portland, ME
Property Size2,896 SF
Lot Size0.20 Acres
Price / SF$276.24
Days on Market3
Property Features for 22 Hawthorne Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
Walk-in Closets, 1st Floor Bedroom, Storage
Basement
Full, Unfinished
Lot features
Open, Level, Near Public Beach, Near Shopping, Near Town, Neighborhood
Standard status
Active
Size
2,896 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10445
Utilities
Sewer type
Public Sewer
Heating system
Oil, Heat Pump (Heating), Hot Water(Heating), Baseboard, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Water front features
Ocean Front
Water front
1
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Portside Real Estate Group
(207) 747-4236
Listed By:
Taylor McFarlane
(207) 233-3933
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 1 at 7:06PM
MLS# 1674145
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.
Investment Insights
Based on property information with market context.
This Portland duplex features two updated living units with practical, comfortable layouts. The first unit offers three bedrooms and one full bath, with newer Pergo flooring, updated kitchen cabinetry and appliances, and a dedicated mudroom. Interior conveniences include a walk-in closet, a first-floor bedroom, and interior storage. The second unit includes three bedrooms and a full bath, an updated kitchen with granite counters and stainless steel appliances, a large living room, and a brand-new heat pump. A standout feature is access to an oversized, heated two-car garage that includes a half bath.
Outside, a large driveway provides off-street parking, and the property includes a porch. Built in 1930 in a Colonial architectural style, the home is wood frame with vinyl siding, with tile and vinyl flooring and a shingle roof. Heating is provided by baseboard, hot water, electric, oil, and a heat pump, with heat-pump cooling. Utilities include public water and public sewer.
Set on a 0.2-acre lot, the property is described as ocean front and is about three minutes to the Portland Peninsula, with Martin’s Point Park, Mackworth Island, and Back Cove nearby.
Outside, a large driveway provides off-street parking, and the property includes a porch. Built in 1930 in a Colonial architectural style, the home is wood frame with vinyl siding, with tile and vinyl flooring and a shingle roof. Heating is provided by baseboard, hot water, electric, oil, and a heat pump, with heat-pump cooling. Utilities include public water and public sewer.
Set on a 0.2-acre lot, the property is described as ocean front and is about three minutes to the Portland Peninsula, with Martin’s Point Park, Mackworth Island, and Back Cove nearby.
Key Highlights
- Oversized heated two‑car garage with a half bath
- Two updated units: first unit has three bedrooms and one full bath
- Second unit includes three bedrooms, an updated kitchen, and a brand‑new heat pump
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
Property Profile
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 - Duplex zoned RN-3 with off-street parking, porch, and an oversized heated two-car garage with a half bath.
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: Oversized heated two‑car garage with a half bath; Two updated units: first unit has three bedrooms and one full bath; Second unit includes three bedrooms, an updated kitchen, and a brand‑new heat pump
