Duplex with Updated
For Sale
$869,000
28 Seacliff Avenue, Old Orchard Beach, ME 04064
A vacant three-bedroom unit and a separately occupied two-bedroom unit offer distinct residential configurations.
Property Size1,436 SF
Price / SF$605.15
Days on Market46
Property Features for 28 Seacliff Avenue
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Multi Family Home
Zoning
BRD
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,110
Building Details
Building Size
1,436 SF
Year Built
1900
Units
2
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Sep 17
Changed: Oct 29
Last Checked: Oct 29 at 2:36PM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This 1,436-square-foot duplex, built in 1900, contains two separate units: a three-bedroom apartment that is vacant and a two-bedroom apartment with a month-to-month tenant. Updates include the roof, heating system, siding, windows, and doors. The home has also been raised, with new piers and posts installed and gravel added to the crawlspace.
The property is three blocks from the ocean in Old Orchard Beach. Its zoning designation is BRD.
The property is three blocks from the ocean in Old Orchard Beach. Its zoning designation is BRD.
Key Highlights
- Two‑unit duplex totaling 1,436 square feet
- Three‑bedroom unit is vacant; two‑bedroom unit has a month‑to‑month tenant
- Roof, heating system, siding, windows, and doors have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,309
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,180
$486.2K
Cap Rate 7%
$347,271
$347.3K
Cap Rate 9%
$270,100
$270.1K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$36.5K $25.44/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$34.7K $24.18/SF
− OpEx
−$10.4K −$7.25/SF
NOI
$24.3K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,180
Cap Rate 7%
$347,271
Cap Rate 9%
$270,100
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.2K
NOI $24,309 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$317.0K
$277.4K – $369.9K
NOI $22,192 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$455.2K
$398.3K – $531.1K
NOI $31,864 @ 7.0% cap · market cap 3.67%
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
389
Businesses Nearby
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Business Placement
Demographics for 04064, ME
8,452
Population
6,783
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,261
Density / Sq Mi
$66,689
Median Household Income
$42,532
Median Earnings
$1,142
Median Rent
$312,700
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 - A vacant three-bedroom unit and a separately occupied two-bedroom unit offer distinct residential configurations.
Where is this duplex located?
The property is located at 28 Seacliff Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,436 square feet; Three‑bedroom unit is vacant; two‑bedroom unit has a month‑to‑month tenant; Roof, heating system, siding, windows, and doors have been updated
