Renovated Two-Unit
New
For Sale
$850,000
3 Sylvan Circuit, York, ME 03902
Multi-Family, York, ME
Property Size1,456 SF
Lot Size0.36 Acres
Price / SF$583.79
Days on Market2
Property Features for 3 Sylvan Circuit
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES-3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom, Bathtub, Shower, Storage
Fencing
Fenced
Basement
Sump Pump, Unfinished, Full
Lot features
Near Country Club, Level, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Town
Standard status
Active
Size
1,456 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
4393
HOA Fee
$450 Annually
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Propane (Heating)
Cooling system
Window Unit(s)
Water source
Private, Well
Amenities
covered farmer's porch
deck
enclosed three-season porch
in-unit laundry
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Wood Frame, Shingle Siding, Vinyl Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(207) 475-0999
Listed By:
Troy Williams · License #066558
(207) 351-8188
Added: Oct 16
Last Checked: Oct 17 at 10:06AM
MLS# 1684235
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.
This RES-3-zoned duplex contains 1,456 square feet across two nearly identical units. Each residence has two bedrooms, one full bathroom, a full kitchen, and its own laundry. The property occupies a 0.36-acre lot, with distinct outdoor areas for each unit: a covered porch and backyard access downstairs, plus a deck, side yard, and enclosed three-season porch upstairs.
Renovations include a standing-seam metal roof, windows, siding, exterior doors, decking, boiler, flooring, interior paint, refreshed kitchens, and laundry appliances in both units. Additional features include expanded parking, a fenced area, and a private well and septic system. Built in 1975, the building has propane hot-water heat and window-unit cooling.
The property is less than half a mile from Cape Neddick Beach and includes deeded right-of-way access to a private rocky beach at Pint Cove. Cape Neddick Country Club, Ogunquit, and Short Sands Beach are also identified as nearby area destinations.
Renovations include a standing-seam metal roof, windows, siding, exterior doors, decking, boiler, flooring, interior paint, refreshed kitchens, and laundry appliances in both units. Additional features include expanded parking, a fenced area, and a private well and septic system. Built in 1975, the building has propane hot-water heat and window-unit cooling.
The property is less than half a mile from Cape Neddick Beach and includes deeded right-of-way access to a private rocky beach at Pint Cove. Cape Neddick Country Club, Ogunquit, and Short Sands Beach are also identified as nearby area destinations.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bath, full kitchen, and private laundry
- 1,456‑square‑foot duplex on a 0.36‑acre lot
- Deeded right‑of‑way to a private rocky beach at Pint Cove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,648
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,960
$493.0K
Cap Rate 7%
$352,114
$352.1K
Cap Rate 9%
$273,867
$273.9K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$37.0K $25.44/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$35.2K $24.18/SF
− OpEx
−$10.6K −$7.25/SF
NOI
$24.6K $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%
$492,960
Cap Rate 7%
$352,114
Cap Rate 9%
$273,867
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,648 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$321.4K
$281.3K – $375.0K
NOI $22,501 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$461.5K
$403.9K – $538.5K
NOI $32,308 @ 7.0% cap · market cap 3.80%
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
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 03902, ME
2,362
Population
1,399
Households
1.7
Avg Household Size
53
Median Age
51%
College-Educated
98%
High-School Grad
19.1 sq mi
ZIP Area
124
Density / Sq Mi
$131,538
Median Household Income
$66,722
Median Earnings
$1,883
Median Rent
$527,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include private laundry and outdoor living space.
Where is this duplex located?
The property is located at 3 Sylvan Circuit York, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 full bath, full kitchen, and private laundry; 1,456‑square‑foot duplex on a 0.36‑acre lot; Deeded right‑of‑way to a private rocky beach at Pint Cove
