Duplex with
New
For Sale
$199,000
27 Windsor Street, Randolph, ME 04346
Multi-Family, Randolph, ME
Property Size1,672 SF
Lot Size0.31 Acres
Price / SF$119.02
Days on Market1
Property Features for 27 Windsor Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
per Town
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bathroom 3, Bathroom 1
Patio and Porch features
Porch
Pets allowed
No
Interior features
1st Floor Bedroom, Bathtub
Basement
Dirt Floor, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Neighborhood
Standard status
Active
Size
1,672 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1893
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil
Water source
Public
Water front features
Stream
Building Details
Year built
1910
Number of units
2
Flooring type
Linoleum, Laminate, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Sandy River Realty · Coldwell Banker Real Estate
(207) 778-6333
Listed By:
Ian Luker
(207) 491-8548
Added: Aug 31
Last Checked: Aug 31 at 8:06PM
MLS# 1655455
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.
Built in 1910, this duplex contains 1672 square feet within a wood-frame structure finished with vinyl siding. Interior finishes include wood, laminate, and linoleum flooring, while oil-fired hot-water baseboard heat serves the building. A porch, basement, backyard, and on-site parking add practical utility, and a stream borders the property. The lower unit requires rehabilitation, creating a clear improvement component for the next owner.
The property is situated in the downtown area of Randolph, with multiple businesses and job opportunities within walking distance. Public water and public sewer serve the building. The duplex has also been successfully used as an Airbnb, providing a documented short-term rental history. The 0.31-acre lot offers outdoor space beyond the building footprint.
The property is situated in the downtown area of Randolph, with multiple businesses and job opportunities within walking distance. Public water and public sewer serve the building. The duplex has also been successfully used as an Airbnb, providing a documented short-term rental history. The 0.31-acre lot offers outdoor space beyond the building footprint.
Key Highlights
- Duplex totaling 1672 square feet on a 0.31‑acre lot
- Built in 1910 with wood‑frame construction and vinyl siding
- Lower unit needs rehabilitation
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
$16,288
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
8.18%
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%
$325,760
$325.8K
Cap Rate 7%
$232,686
$232.7K
Cap Rate 9%
$180,978
$181.0K
Market Conditions
NOI Build-Up for 1,672 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
$30.1K $18.00/SF
− Vacancy
−$482 −$0.29/SF
EGI
$29.6K $17.71/SF
− OpEx
−$13.3K −$7.97/SF
NOI
$16.3K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$325,760
Cap Rate 7%
$232,686
Cap Rate 9%
$180,978
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$232.7K
$203.6K – $271.5K
NOI $16,288 @ 7.0% cap · market cap 8.18%
Theoretical Best
Warehouse
$2.49M
$2.18M – $2.91M
NOI $174,612 @ 7.0% cap · market cap 87.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 04346, ME
1,743
Population
888
Households
2
Avg Household Size
48
Median Age
17%
College-Educated
93%
High-School Grad
2.1 sq mi
ZIP Area
830
Density / Sq Mi
$52,917
Median Household Income
$42,357
Median Earnings
$779
Median Rent
$157,000
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?
Duplex - Two-unit property with public utilities, a porch, backyard space, and walkable access to local businesses and employment.
Where is this duplex located?
The property is located at 27 Windsor Street Randolph, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex totaling 1672 square feet on a 0.31‑acre lot; Built in 1910 with wood‑frame construction and vinyl siding; Lower unit needs rehabilitation
