Updated Two-Unit
3 Arlington Place, Portland, ME 04101
For Sale
New
$679,900
Multi-Family, Portland, ME
Property Size2,152 SF
Lot Size0.07 Acres
Price / SF$315.94
Days on Market3
Property Features for 3 Arlington Place
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Pets allowed
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
common laundry
parking
storage
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
Bay Realty
(207) 775-3838
Listed By:
Rita Yarnold
(207) 831-8356
Added: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 1687305
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant duplex contains 2,152 square feet across two units on a 0.07-acre lot. The second-floor apartment is two stories and includes a bonus room, new appliances, and wood flooring that has been recently sanded. The first-floor unit has a new boiler. Fresh paint in the front and rear halls adds to the recent interior work. Porches, a small backyard, shared laundry, parking, and storage are also part of the property.
At 3 Arlington Place in Portland, the property is served by public water and sewer and has RES zoning. The building dates to 1900 and has a wood frame with vinyl siding and a shingle roof.
At 3 Arlington Place in Portland, the property is served by public water and sewer and has RES zoning. The building dates to 1900 and has a wood frame with vinyl siding and a shingle roof.
Key Highlights
- Two‑unit duplex with 2,152 square feet on a 0.07‑acre lot
- Vacant, with recent updates to the second‑floor apartment and common halls
- Second‑floor apartment spans two stories and has a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,029
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,580
$760.6K
Cap Rate 7%
$543,271
$543.3K
Cap Rate 9%
$422,544
$422.5K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$58.1K $27.00/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$54.3K $25.25/SF
− OpEx
−$16.3K −$7.57/SF
NOI
$38.0K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,580
Cap Rate 7%
$543,271
Cap Rate 9%
$422,544
Alternative Uses
Best Use
Multifamily LT 5
$543.3K
$475.4K – $633.8K
NOI $38,029 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$505.4K
$442.3K – $589.7K
NOI $35,380 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$591.5K
$517.6K – $690.1K
NOI $41,404 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant residential property with shared laundry, off-street parking, and storage.
Where is this duplex located?
The property is located at 3 Arlington Place Portland, ME.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,152 square feet on a 0.07‑acre lot; Vacant, with recent updates to the second‑floor apartment and common halls; Second‑floor apartment spans two stories and has a bonus room
