Turn-Key Duplex with New
243 Windham Center Road Windham, ME 04062
For Sale
$575,000
Vacant duplex with two 2-bedroom, 1-bath units freshly updated with new paint, siding, and a newer roof.
Property Size1,728 SF
Price / SF$332.75
Days on Market30
Property Features for 243 Windham Center Road
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1960
Listing Agency:
Coldwell Banker Team Real Estate
Listed By:
Samantha Bell
(603) 866-2942
Source:
Profoundrealestate
Added: Jun 24
Changed: Jul 21
Last Checked: Jul 23 at 9:02AM
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 Coldwell Banker Team Real Estate
Investment Insights
Based on property information with market context.
This turn-key duplex offers two separate 2-bedroom, 1-bath units. The property has been freshly updated with new paint, newer siding, and a newer roof, and it is currently vacant and ready for owner occupancy or for renting both units.
Located in a convenient Windham area setting, the property is described as close to schools with an easy commute to Portland.
Each unit provides the same practical layout with two bedrooms and one bathroom, supporting flexible use as either a live-in duplex arrangement or a full rental setup.
Located in a convenient Windham area setting, the property is described as close to schools with an easy commute to Portland.
Each unit provides the same practical layout with two bedrooms and one bathroom, supporting flexible use as either a live-in duplex arrangement or a full rental setup.
Key Highlights
- Vacant duplex in Windham with two 2‑bedroom, 1‑bath units
- Fresh updates include new paint, newer siding, and a newer roof
- Each unit is a 2‑bedroom, 1‑bath layout
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 | $46.7k | $27.00 |
| − Vacancy | −$3.0k | −$1.76 |
| EGI | $43.6k | $25.25 |
| − OpEx | −$13.1k | −$7.57 |
| NOI | $30.5k | $17.67 |
1,728 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$405.8K
$355.1K – $473.5K
NOI $28,409 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$474.9K
$415.6K – $554.1K
NOI $33,246 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant duplex with two 2-bedroom, 1-bath units freshly updated with new paint, siding, and a newer roof.
Where is this duplex located?
The property is located at 243 Windham Center Road Windham, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Vacant duplex in Windham with two 2‑bedroom, 1‑bath units; Fresh updates include new paint, newer siding, and a newer roof; Each unit is a 2‑bedroom, 1‑bath layout
