Building Details

Year Built 1900

Listing Agency: Keller Williams Realty

Listed By: Mike Sahabo Show Phone

Source: Profoundrealestate

Added: Jul 17 Changed: Sep 20 Last Checked: Sep 21 at 7:07AM

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Investment Insights

Based on property information with market context.

Located at 28 Park Street in Lisbon, Maine, this 2,547-square-foot duplex was built in 1900 and offers two residential units. Unit 1 includes 2 bedrooms and 1 bathroom, while Unit 2 includes 3 bedrooms and 1 bathroom. Both units feature private entrances, hardwood floors, and dedicated in-unit washers and dryers.

A spacious attached 2-car garage provides secure parking or additional storage. The property is suited to duplex ownership with separate residences and practical shared improvements.

Key Highlights

• Two‑unit duplex with 2,547 square feet, built in 1900
• Unit 1: 2 bedrooms and 1 bathroom
• Unit 2: 3 bedrooms and 1 bathroom

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

$25,121

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

5.98%

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%

$502,420 $502.4K

Cap Rate 7%

$358,871 $358.9K

Cap Rate 9%

$279,122 $279.1K

Market Conditions

NOI Build-Up for 2,547 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

$36.4K $14.28/SF

− Vacancy

−$484 −$0.19/SF

EGI

$35.9K $14.09/SF

− OpEx

−$10.8K −$4.23/SF

NOI

$25.1K $9.86/SF

Area

Androscoggin County, ME

Vacancy

1.33%

Lease Rate

$14.28 /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%

$502,420

Cap Rate 7%

$358,871

Cap Rate 9%

$279,122

Alternative Uses

Best Use

Multifamily LT 5

$358.9K

$314.0K – $418.7K (±1% cap)

NOI $25,121 @ 7.0% cap · market cap 5.98%

Second Best

Apartment 5plus

$341.0K

$298.4K – $397.8K (±1% cap)

NOI $23,868 @ 7.0% cap · market cap 5.68%

Theoretical Best

Warehouse

$4.52M

$3.96M – $5.28M (±1% cap)

NOI $316,656 @ 7.0% cap · market cap 75.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Pharmacy Storage Facility Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Explore this area Business Placement

Demographics for 04250, ME

4,813

Population

2,038

Households

2.4

Avg Household Size

46

Median Age

21%

College-Educated

95%

High-School Grad

11.7 sq mi

ZIP Area

411

Density / Sq Mi

$71,903

Median Household Income

$49,091

Median Earnings

$854

Median Rent

$225,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Property with Garage

8 Lisbon Street, Lisbon, ME 04250

$185,000

1,161 SF

View details

Duplex With Attached Garage

28 Park Street, Lisbon, ME 04250

$420,000

2,547 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Maintained rental property with private entrances, hardwood floors, and in-unit laundry for both residences.

Where is this duplex located?

The property is located at 28 Park Street Lisbon, ME.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,547 square feet, built in 1900; Unit 1: 2 bedrooms and 1 bathroom; Unit 2: 3 bedrooms and 1 bathroom