Two-Unit Duplex with Private
For Sale
$250,000
28 Bodwell Street, Old Town, ME 04468
Separate electrical meters, dedicated parking, public sewer, and shared outdoor features support flexible occupancy.
Days on Market13
Property Features for 28 Bodwell Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Utilities to Site
Yes
Amenities
shared front porch
small backyard
storage shed
Building Details
Building Size
1,552 SF
Year Built
1890
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
EXP Realty
(207) 356-8206
Listed By:
Jason Edwards
(207) 356-8206
Source:
Startpoint
Added: Jul 20
Changed: Jul 31
Last Checked: Aug 1 at 12:46PM
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
Investment Insights
Based on property information with market context.
Built in 1890, this two-unit duplex includes separate private entrances, dedicated parking areas, and individual electrical meters. The first-floor unit offers 2-3 bedrooms and 1.5 bathrooms and is currently owner-occupied. The second-floor unit provides 1-2 bedrooms and 1 full bathroom and is currently rented. Both units include heat, hot water, and public sewer service. A shared front porch, small backyard, and storage shed provide additional property features.
Located at 28 Bodwell Street in Old Town, the property is just minutes from the University of Maine, downtown Old Town, shopping, restaurants, and local employers. The configuration supports both owner occupancy and separate residential use within the same building.
Located at 28 Bodwell Street in Old Town, the property is just minutes from the University of Maine, downtown Old Town, shopping, restaurants, and local employers. The configuration supports both owner occupancy and separate residential use within the same building.
Key Highlights
- Two‑unit duplex built in 1890
- First‑floor unit offers 2‑3 bedrooms and 1.5 bathrooms
- Second‑floor unit offers 1‑2 bedrooms and 1 full bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $13.80 |
| − Vacancy | −$1.1k | −$0.71 |
| EGI | $20.3k | $13.09 |
| − OpEx | −$6.1k | −$3.93 |
| NOI | $14.2k | $9.16 |
1,552 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,223 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$186.9K
$163.5K – $218.0K
NOI $13,082 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 04468, ME
8,801
Population
4,664
Households
1.9
Avg Household Size
38
Median Age
33%
College-Educated
96%
High-School Grad
122.8 sq mi
ZIP Area
72
Density / Sq Mi
$51,063
Median Household Income
$36,005
Median Earnings
$980
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters, dedicated parking, public sewer, and shared outdoor features support flexible occupancy.
Where is this duplex located?
The property is located at 28 Bodwell Street Old Town, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1890; First‑floor unit offers 2‑3 bedrooms and 1.5 bathrooms; Second‑floor unit offers 1‑2 bedrooms and 1 full bathroom
