Building Details

Year Built 1920

Buildings 1

Listing Agency: Century 21 North East

Listed By: Brian Samia Gary Samia Show Phone

Source: Aroostookrealestate

Added: Aug 2 Changed: Oct 13 Last Checked: Oct 7 at 3:36PM

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Investment Insights

Based on property information with market context.

This 1,296-square-foot duplex, built in 1920, contains two one-bedroom residences with comparable layouts. Each unit includes a living area, kitchen, full bathroom, and bedroom, while separate electricity, heating, and hot water systems support independent operation.

The property also includes a full basement with laundry hookups, paved off-street parking, and recently added hardscaping. Located at 22 Thompson St in Sanford, Maine, the building offers a straightforward two-unit configuration with dedicated residential spaces and practical supporting features.

Key Highlights

• Two one‑bedroom units within a 1,296‑square‑foot duplex
• Separate electricity, heating, and hot water systems for each unit
• Full basement with laundry hookups

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,939

Cap Rate

7.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,780 $438.8K

Cap Rate 7%

$313,414 $313.4K

Cap Rate 9%

$243,767 $243.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,296 SF

Gross rent

$33.0K $25.44/SF

− Vacancy

−$1.6K −$1.26/SF

EGI

$31.3K $24.18/SF

− OpEx

−$9.4K −$7.25/SF

NOI

$21.9K $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%

$438,780

Cap Rate 7%

$313,414

Cap Rate 9%

$243,767

Alternative Uses

Best Use

Multifamily LT 5

$313.4K

$274.2K – $365.7K (±1% cap)

NOI $21,939 @ 7.0% cap · market cap 7.57%

Second Best

Apartment 5plus

$286.1K

$250.4K – $333.8K (±1% cap)

NOI $20,029 @ 7.0% cap · market cap 6.91%

Theoretical Best

Office A

$410.8K

$359.5K – $479.3K (±1% cap)

NOI $28,758 @ 7.0% cap · market cap 9.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Bakery Garden Center Catering Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

558

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate utility systems serve each residence, with laundry hookups and paved off-street parking on site.

Where is this duplex located?

The property is located at 22 Thompson St Sanford, ME.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: Two one‑bedroom units within a 1,296‑square‑foot duplex; Separate electricity, heating, and hot water systems for each unit; Full basement with laundry hookups