Duplex with Detached
259 Vaughan Street, Portland, ME 04102
For Sale
$1,295,000
A separate one-bedroom apartment adds flexibility alongside the main residence and detached garage.
Property Size2,859 SF
Price / SF$452.96
Days on Market201
Property Features for 259 Vaughan Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Marc Gup
(207) 232-6127
Source:
Kiefferrealestate
Added: Apr 28
Changed: Nov 12
Last Checked: Nov 13 at 5:13AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex contains 2,859 square feet and includes a separate apartment with one bedroom and one and a half baths. A detached two-car garage serves the property. Interior details include wood flooring, original wood moldings and a renovated kitchen. The building dates to 1864.
The property is at 259 Vaughan Street in Portland, Maine, within the West End. Its zoning designation is RN-4.
The property is at 259 Vaughan Street in Portland, Maine, within the West End. Its zoning designation is RN-4.
Key Highlights
- Separate apartment with one bedroom and one and a half baths
- Detached two‑car garage
- 2,859 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,523
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,460
$1.0M
Cap Rate 7%
$721,757
$721.8K
Cap Rate 9%
$561,367
$561.4K
Market Conditions
NOI Build-Up for 2,859 SF
Gross rent
$77.2K $27.00/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$72.2K $25.25/SF
− OpEx
−$21.7K −$7.57/SF
NOI
$50.5K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,460
Cap Rate 7%
$721,757
Cap Rate 9%
$561,367
Alternative Uses
Best Use
Multifamily LT 5
$721.8K
$631.5K – $842.1K
NOI $50,523 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$671.5K
$587.6K – $783.4K
NOI $47,004 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,006 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom apartment adds flexibility alongside the main residence and detached garage.
Where is this duplex located?
The property is located at 259 Vaughan Street Portland, ME.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Separate apartment with one bedroom and one and a half baths; Detached two‑car garage; 2,859 square feet
