Duplex with Private
For Sale
$389,000
27 Elmwood Drive, Saco, ME 04072
Separate paved driveways serve the two units, with outdoor space at the rear of the property.
Property Size952 SF
Price / SF$408.61
Days on Market165
Property Features for 27 Elmwood Drive
General Information
Standard status
Active
Size
952 SF
Property subtype
Multi Family Home
Zoning
LDR
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,053
Amenities
1st Floor Bedroom
Bathtub
Storage
Building Details
Building Size
952 SF
Year Built
1972
Buildings
1
Stories
1
Units
2
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Melissa Cyr
(207) 232-6546
Source:
Amerorealty
Added: May 21
Changed: Oct 31
Last Checked: Oct 31 at 2:29PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This 1972 duplex contains 952 square feet, with each residence offering one bedroom and one bathroom. Separate paved driveways provide access to the units, and decks overlook the backyard and surrounding woods. The property is zoned LDR.
The Saco property is described as minutes from the coast, downtown, Route One, and I-95.
The Saco property is described as minutes from the coast, downtown, Route One, and I-95.
Key Highlights
- Two‑unit duplex with 952 square feet
- Each unit has 1 bedroom and 1 bathroom
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,116
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,320
$322.3K
Cap Rate 7%
$230,229
$230.2K
Cap Rate 9%
$179,067
$179.1K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$24.2K $25.44/SF
− Vacancy
−$1.2K −$1.26/SF
EGI
$23.0K $24.18/SF
− OpEx
−$6.9K −$7.25/SF
NOI
$16.1K $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%
$322,320
Cap Rate 7%
$230,229
Cap Rate 9%
$179,067
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$210.2K
$183.9K – $245.2K
NOI $14,712 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$301.8K
$264.1K – $352.1K
NOI $21,125 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate paved driveways serve the two units, with outdoor space at the rear of the property.
Where is this duplex located?
The property is located at 27 Elmwood Drive Saco, ME.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 952 square feet; Each unit has 1 bedroom and 1 bathroom; Built in 1972
