Duplex With Attached
For Sale
$420,000
28 Park Street, Lisbon, ME 04250
Multi-Family, Lisbon, ME
Property Size2,547 SF
Lot Size0.64 Acres
Price / SF$164.90
Days on Market48
Property Features for 28 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch, Deck
Interior features
In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower, Storage
Basement
Full, Partial
Lot features
Well Landscaped, Open, Level, Neighborhood
Standard status
Active
Size
2,547 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5008
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil, Zoned
Water source
Public
Amenities
private entrances
in-unit washers and dryers
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, Vinyl, Carpet, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Mike Sahabo
(207) 632-3637
Added: Jul 19
Changed: Sep 1
Last Checked: Sep 4 at 3:06PM
MLS# 1672561
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.
This 2,547-square-foot duplex contains two separate residences, including one two-bedroom, one-bath unit and one three-bedroom, one-bath unit. Each apartment has its own entrance, hardwood flooring, and dedicated washer and dryer. The property also includes an attached two-car garage that can support secure parking or storage. Wood-frame construction with vinyl siding, shingle roofing, public water, and public sewer serves the building. Heating is provided by zoned oil-fired hot-water baseboard systems.
Set on 0.64 acres at 28 Park Street in Lisbon, Maine, the property includes a deck and porch, along with basement storage. Additional interior features include a first-floor bedroom, bathtub, shower, and an in-law apartment. Built in 1900, the duplex combines a two-unit layout with established residential infrastructure and separate living spaces.
Set on 0.64 acres at 28 Park Street in Lisbon, Maine, the property includes a deck and porch, along with basement storage. Additional interior features include a first-floor bedroom, bathtub, shower, and an in-law apartment. Built in 1900, the duplex combines a two-unit layout with established residential infrastructure and separate living spaces.
Key Highlights
- 2,547‑square‑foot duplex with two residential units
- Unit mix includes 2 bedrooms/1 bath and 3 bedrooms/1 bath
- Attached 2‑car garage provides parking or storage
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
NOI $25,121 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$341.0K
$298.4K – $397.8K
NOI $23,868 @ 7.0% cap · market cap 5.68%
Theoretical Best
Warehouse
$4.52M
$3.96M – $5.28M
NOI $316,656 @ 7.0% cap · market cap 75.39%
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
123
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with private entrances, hardwood flooring, and in-unit laundry for each residence.
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: 2,547‑square‑foot duplex with two residential units; Unit mix includes 2 bedrooms/1 bath and 3 bedrooms/1 bath; Attached 2‑car garage provides parking or storage
