Building Details

Year Built 1900

Listed By: Doug Schauf · License #BA917314 Show Phone

Source: Makemaineyourhome

Added: Sep 30 Changed: Oct 1 Last Checked: Oct 5 at 6:40PM

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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 Doug Schauf

Investment Insights

Based on property information with market context.

Built in 1900, this 2,547-square-foot duplex contains two residences: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Each unit has a separate entrance, hardwood flooring, and its own washer and dryer. An attached garage provides two vehicle spaces.

Key Highlights

• 2,547‑square‑foot duplex built in 1900
• Two‑bedroom, one‑bathroom unit paired with a three‑bedroom, one‑bathroom unit
• Private entrance for each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,121

Cap Rate

5.98%

Suggested Prices Based on Cap Rates

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

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 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 Dental Office Real Estate Agency Building Supply Nail Salon Hair Salon Plumbing Service

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences include private access and their own in-unit laundry.

Where is this duplex located?

The property is located at 28 Park St 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 built in 1900; Two‑bedroom, one‑bathroom unit paired with a three‑bedroom, one‑bathroom unit; Private entrance for each residence