Two-Unit Duplex with Private
New
For Sale
$250,000
28 Bodwell Street, Old Town, ME 04468
Multi-Family, Old Town, ME
Property Size1,552 SF
Lot Size0.08 Acres
Price / SF$161.08
Days on Market2
Property Features for 28 Bodwell Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking features
Assigned
Patio and Porch features
Porch, Deck
Interior features
1st Floor Primary Bedroom w/Bath, Shower, Storage, Primary Bedroom w/Bath
Basement
Full, Unfinished
Accessibility
Accessible Approach with Ramp
Lot features
Open, Level, Intown, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
1,552 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3586
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Water front features
Stream
Amenities
shared front porch
small backyard
storage shed
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Jason Edwards
(207) 356-8206
Added: Oct 19
Last Checked: Oct 20 at 11:06AM
MLS# 1672598
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.
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Investment Insights
Based on property information with market context.
This 1,552-square-foot duplex contains two residences, each with a private entrance and separate electrical meter. The first-floor unit has 2–3 bedrooms and 1.5 bathrooms; the second-floor unit has 1–2 bedrooms and one full bathroom. A shared front porch, deck, small backyard, and storage shed provide additional features. The building dates to 1890 and has wood-frame construction with vinyl siding.
The 0.08-acre property is in Old Town, Maine, with public water and public sewer. It is zoned R-2. Other site features include assigned parking and an accessible approach ramp.
The 0.08-acre property is in Old Town, Maine, with public water and public sewer. It is zoned R-2. Other site features include assigned parking and an accessible approach ramp.
Key Highlights
- Two residential units in 1,552 square feet
- First‑floor unit: 2–3 bedrooms and 1.5 bathrooms
- Second‑floor unit: 1–2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,223
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,460
$284.5K
Cap Rate 7%
$203,186
$203.2K
Cap Rate 9%
$158,033
$158.0K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$21.4K $13.80/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$20.3K $13.09/SF
− OpEx
−$6.1K −$3.93/SF
NOI
$14.2K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,460
Cap Rate 7%
$203,186
Cap Rate 9%
$158,033
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.
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Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters and assigned parking support independent use of both residences.
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 residential units in 1,552 square feet; First‑floor unit: 2–3 bedrooms and 1.5 bathrooms; Second‑floor unit: 1–2 bedrooms and 1 full bathroom
