Duplex with Detached
New
For Sale
$599,900
23 Sanford Road, Wells, ME 04090
Wells, ME
Property Size1,695 SF
Price / SF$353.92
Days on Market3
Property Features for 23 Sanford Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Elementary school district
Wells-Ogunquit CSD
Middle school district
Wells-Ogunquit CSD
High school district
Wells-Ogunquit CSD
Standard status
Active
Size
1,695 SF
Additional Details
Tenant in Place
Yes
Amenities
basement storage
garage
Building Details
Year built
1934
Buildings
1
Listing Agency:
Wells, Maine · Better Homes and Gardens Real Estate
(207) 646-5131
Listed By:
Becky Sama
(800) 741-1540
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 12:06PM
MLS# 1686848
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1934, this 1,695-square-foot duplex received interior renovations in 2024. Both units have kitchens with granite countertops, new cabinetry and appliances, along with refreshed bathrooms, new flooring, updated lighting and fresh paint. Basement storage adds space, and a detached two-story garage accommodates two cars.
Exterior and mechanical improvements include a 2018 roof, newer windows, two high-efficiency hybrid water heaters and a furnace installed in 2025.
Exterior and mechanical improvements include a 2018 roof, newer windows, two high-efficiency hybrid water heaters and a furnace installed in 2025.
Key Highlights
- Both units renovated in 2024, including kitchens, bathrooms, flooring, lighting and paint
- Detached two‑story garage with two‑car capacity
- 1,695 square feet in a duplex built in 1934
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,693
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,860
$573.9K
Cap Rate 7%
$409,900
$409.9K
Cap Rate 9%
$318,811
$318.8K
Market Conditions
NOI Build-Up for 1,695 SF
Gross rent
$43.1K $25.44/SF
− Vacancy
−$2.1K −$1.26/SF
EGI
$41.0K $24.18/SF
− OpEx
−$12.3K −$7.25/SF
NOI
$28.7K $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%
$573,860
Cap Rate 7%
$409,900
Cap Rate 9%
$318,811
Alternative Uses
Best Use
Multifamily LT 5
$409.9K
$358.7K – $478.2K
NOI $28,693 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$537.3K
$470.1K – $626.9K
NOI $37,611 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
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Business Placement
Demographics for 04090, ME
11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have renovated kitchens and bathrooms, with updated finishes throughout.
Where is this duplex located?
The property is located at 23 Sanford Road Wells, ME.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Both units renovated in 2024, including kitchens, bathrooms, flooring, lighting and paint; Detached two‑story garage with two‑car capacity; 1,695 square feet in a duplex built in 1934
