Triplex with Outdoor
For Sale
$725,000
26 Presumpscot Street, Portland, ME 04103
Multi-Family, Portland, ME
Property Size2,764 SF
Lot Size0.12 Acres
Price / SF$262.30
Days on Market44
Property Features for 26 Presumpscot Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 1, Bathroom 3
Basement
Full
Lot features
Corner Lot, Level, Intown
Standard status
Active
Size
2,764 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7091
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Oil, Baseboard, Hot Water(Heating), Forced Air
Water source
Public
Amenities
off-street parking
outdoor space
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile, Wood, Vinyl
Building materials
Wood Frame, Asbestos
Roof type
Shingle
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Sydney Harrison
(207) 773-0262
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 1 at 4:06AM
MLS# 1672239
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.
Investment Insights
Based on property information with market context.
This 3-unit triplex contains 2764 square feet within a wood-frame building constructed in 1900. The property includes separate living areas, three bathrooms, a basement, and a mix of carpet, tile, wood, and vinyl flooring. Heating systems include natural gas and oil with baseboard, hot water, and forced-air components. The roof is shingle, with public water and public sewer serving the property.
Set on 0.12 acres at 26 Presumpscot Street in Portland, the property offers off-street parking and outdoor space. Downtown Portland, Back Cove trails, restaurants, shopping, and major commuter routes are identified as accessible from the property. R5 zoning supports the stated multifamily classification.
Set on 0.12 acres at 26 Presumpscot Street in Portland, the property offers off-street parking and outdoor space. Downtown Portland, Back Cove trails, restaurants, shopping, and major commuter routes are identified as accessible from the property. R5 zoning supports the stated multifamily classification.
Key Highlights
- 3‑unit triplex with 2764 square feet of property size
- 0.12‑acre lot at 26 Presumpscot Street, Portland, ME 04103
- R5 zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,880
$976.9K
Cap Rate 7%
$697,771
$697.8K
Cap Rate 9%
$542,711
$542.7K
Market Conditions
NOI Build-Up for 2,764 SF
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.
Gross rent
$74.6K $27.00/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$69.8K $25.25/SF
− OpEx
−$20.9K −$7.57/SF
NOI
$48.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,880
Cap Rate 7%
$697,771
Cap Rate 9%
$542,711
Alternative Uses
Best Use
Multifamily LT 5
$697.8K
$610.6K – $814.1K
NOI $48,844 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$649.2K
$568.0K – $757.4K
NOI $45,442 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$759.7K
$664.7K – $886.3K
NOI $53,178 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned property with separate living areas, outdoor space, and off-street parking.
Where is this triplex located?
The property is located at 26 Presumpscot Street Portland, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3‑unit triplex with 2764 square feet of property size; 0.12‑acre lot at 26 Presumpscot Street, Portland, ME 04103; R5 zoning with public water and public sewer
