Duplex with Accessory
New
For Sale
$650,000
3 Lavender Lane, Windham, ME 04062
Multi-Family, Windham, ME
Property Size2,000 SF
Lot Size1.84 Acres
Price / SF$325
Days on Market3
Property Features for 3 Lavender Lane
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
C3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Basement
Patio and Porch features
Deck
Interior features
Primary Bedroom w/Bath
Basement
Finished
Lot features
Wooded, Rural
Standard status
Active
Size
2,000 SF
Lot size
1.84 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6696
Utilities
Sewer type
Private Sewer
Heating system
Hot Water(Heating), Propane (Heating), Baseboard
Water source
Well
Building Details
Year built
2019
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Maine Real Estate Experts
(207) 642-2100
Listed By:
Constance Howe
(207) 232-9108
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 7:06PM
MLS# 1684488
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this 2,000-square-foot duplex sits on 1.84 acres and contains two apartments. The first-floor unit has one bedroom and can be reached from outdoors or through the garage. Upstairs, the larger residence offers three bedrooms and two full bathrooms; its primary bedroom has an attached bath. The larger unit is owner-occupied and has not been rented. Utilities are not fully separated between the units.
The property is near the North Windham business district, with Portland described as an easy commute. C3 zoning, well water, and a private sewer system are additional site details.
The property is near the North Windham business district, with Portland described as an easy commute. C3 zoning, well water, and a private sewer system are additional site details.
Key Highlights
- Two‑unit duplex with 2,000 square feet of living area
- 1.84‑acre parcel
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,343
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,860
$706.9K
Cap Rate 7%
$504,900
$504.9K
Cap Rate 9%
$392,700
$392.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$54.0K $27.00/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$50.5K $25.25/SF
− OpEx
−$15.1K −$7.57/SF
NOI
$35.3K $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%
$706,860
Cap Rate 7%
$504,900
Cap Rate 9%
$392,700
Alternative Uses
Best Use
Multifamily LT 5
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$549.7K
$481.0K – $641.3K
NOI $38,479 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 04062, ME
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
395
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-level residence pairs an independently accessible apartment with a larger upper-floor home.
Where is this duplex located?
The property is located at 3 Lavender Lane Windham, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,000 square feet of living area; 1.84‑acre parcel; Built in 2019
