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    Coastal Duplex with Ocean Views Title is generated by Realmo AI

    26 Atlantic Avenue, Wells, ME 04090

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    Claim this Listing
    New
    For Sale
    $2,195,000

    MULTI_FAMILY - Modern - Wells, ME

    Property size:
    2,160 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $1,016/SF
    Added:
    May 30, 2026
    Days on Market:
    1
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 26 Atlantic Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    BB
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
    Patio and Porch features
    Deck
    Pets allowed
    No
    Interior features
    Bathtub, Storage
    Standard status
    Active
    Size
    2,160 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7033

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Modern
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brandon Else Catherine Allen

    Listing agent Brandon Else Catherine Allen

    Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME

    Listing date May 30, 2026

    MLS# 1663787 Listing URL

    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.

    HighLights

    • New construction (2025) coastal duplex with ocean views from private balconies.
    • Directly across the street from public beach access.
    • Two spacious 4‑bedroom, 2‑bath units with modern finishes (quartz countertops, stainless steel appliances).
    • Strong income potential through renting one or both units.
    • Oversized two‑car garage for ample storage of beach equipment and vehicles.
    • Individual mini‑split heat pump systems for customized heating and cooling in each bedroom and living space.

    Overview

    Located in Wells, Maine, 26 Atlantic Ave is a coastal duplex constructed in 2025, positioned a short walk from the beach and offering ocean views from private balconies. The property is situated near the public beach, with walkway access directly across the street. This three-level property includes two 4-bedroom, 2-bath units. Each unit features an open-concept kitchen and living area, a large center island, quartz countertops, and stainless steel appliances. Storage is generous, and each unit has a private balcony. The layout includes bedrooms on each side of the main living area, with bathrooms positioned between them; one bath includes a tub, and the other features a tiled shower. Each unit is equipped with five mini-split heat pump heads, allowing individual control of heating and cooling in every bedroom and the main living space. Unit A has dedicated laundry on the ground level, while Unit B includes laundry within the unit and a balcony with a retractable awning. The ground level provides an oversized two-car garage suitable for storing beach equipment and seasonal items. The property is designed for both personal use and income potential. The building's pass-through system was designed with rising water levels in mind. The property size is 2160 square feet and the lot size is 0.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Skin Care Clinic Pharmacy Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.567
    Latitude
    43.303656

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    FAQs

    What type of property is this?
    Duplex - Modern duplex near the beach, ideal for living and income.
    Where is this duplex located?
    The property is located at 26 Atlantic Avenue Wells, ME.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: New construction (2025) coastal duplex with **ocean views from private balconies.**; Directly across the street from public beach access.; Two spacious 4‑bedroom, 2‑bath units with **modern finishes (quartz countertops, stainless steel appliances).**
    (207) 994-9480
    We can help!
    Listing Contact
    Brandon Else Catherine Allen
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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