Duplex with Detached
3 Montreal Street Sanford, ME 04073
3 Montreal Street, Sanford, ME, 04073
$434,000
For Sale
$434,000
MULTI_FAMILY - Other - Sanford, ME
Property Size2,389 SF
Lot Size0.16 Acres
Price / SF$181.67
Days on Market28
Property Features for 3 Montreal Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Urban
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,389 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3598
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Baseboard
- Water source
- Public
Building Details
- Year built
- 1914
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Wood Frame, Wood Siding, Other Exterior
- Architectural style
- Other
Listing agency
Coldwell Banker Realty
(207) 282-5988
Listed by
Elias Leland
(207) 233-5774
Added: Jun 24 Updated: Jul 11 at 11:33AM Checked: Jul 21 at 9:06AM
MLS# 1665539
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 duplex features two units, each offering 3 bedrooms and 1 bathroom, for a total of 2,389 square feet of living space. The property also includes a detached garage, providing additional on-site storage or parking. With two separate residential units, the layout supports multiple occupancy options depending on how a buyer intends to use the property.
3 Montreal Street is located in Sanford, Maine, near downtown Sanford and within reach of shopping, restaurants, schools, and commuter routes. The area context is designed to support everyday convenience for residents, whether the home is owner-occupied or fully rented.
For buyers seeking flexible use, the configuration allows an owner to live in one unit while renting the other. For investors, the duplex structure provides a straightforward way to own two income-producing units within a single property. The combination of unit count, bedroom count, and on-site detached garage makes this a practical fit for anyone looking for a residential income property in Sanford.
3 Montreal Street is located in Sanford, Maine, near downtown Sanford and within reach of shopping, restaurants, schools, and commuter routes. The area context is designed to support everyday convenience for residents, whether the home is owner-occupied or fully rented.
For buyers seeking flexible use, the configuration allows an owner to live in one unit while renting the other. For investors, the duplex structure provides a straightforward way to own two income-producing units within a single property. The combination of unit count, bedroom count, and on-site detached garage makes this a practical fit for anyone looking for a residential income property in Sanford.
Key Highlights
- Two‑unit multi‑family home at 3 Montreal Street with two 3‑bedroom, 1‑bath units
- Over 2,100 sq ft of living space per public remarks
- Detached garage on the property
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $29.64 |
| − Vacancy | −$3.7k | −$1.54 |
| EGI | $67.1k | $28.10 |
| − OpEx | −$30.2k | −$12.64 |
| NOI | $36.9k | $15.45 |
2,389 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$577.7K
$505.5K – $674.0K
NOI $40,442 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$527.4K
$461.5K – $615.3K
NOI $36,920 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$757.3K
$662.6K – $883.5K
NOI $53,011 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two spacious 3-bedroom units with detached garage offer flexible owner-occupant or rental income options.
Where is this duplex located?
The property is located at 3 Montreal Street Sanford, ME.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: Two‑unit multi‑family home at 3 Montreal Street with two 3‑bedroom, 1‑bath units; Over 2,100 sq ft of living space per public remarks; Detached garage on the property
