Duplex with Detached
321 North Berwick Road Wells, ME 04090
321 North Berwick Road, Wells, ME, 04090
$674,900
For Sale
$674,900
Two-family duplex with detached garages, central A/C in the main home, and separate laundry areas for each unit.
Property Size3,121 SF
Lot Size1.50 Acres
Price / SF$216.24
Days on Market59
Property Features for 321 North Berwick Road
General Information
- Standard status
- Active
- Size
- 3,121 SF
- Lot size
- 1.50 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1977
Listing agency
Moody Maxon Real Estate
(207) 251-3585
Listed by
Pamela Moody-Maxon
(207) 251-3585
Source
Compass
Added: May 25 Updated: Jul 21 at 6:08PM Checked: Jul 21 at 6:08PM
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 Moody Maxon Real Estate
Investment Insights
Based on property information with market context.
This duplex is currently configured as a two-family residence and includes two detached garages plus outdoor living space with a back patio and a deck. The right side of the home features 3 bedrooms plus a bonus room, 2.5 baths, laundry, a large living room and dining area, and a spacious kitchen with cabinet space and a butler’s style pantry. The left side offers an open-concept kitchen, living, and dining area, a large bedroom with a full bath and walk-in closet, and its own laundry area.
Heating is provided by forced hot air propane in the main home, propane monitor-style heaters in the apartment, and central air conditioning via a forced-air system in the main house, along with built-in A/C in the apartment. Additional on-site support includes a whole-house automatic Generac generator. The property is described as commercial and residentially zoned and sits on 1.5 acres, with the deck abutting the woods.
The asset offers a self-contained two-unit setup with separate laundry areas, two detached garages for storage, and multiple comfort systems serving the main and apartment areas.
Heating is provided by forced hot air propane in the main home, propane monitor-style heaters in the apartment, and central air conditioning via a forced-air system in the main house, along with built-in A/C in the apartment. Additional on-site support includes a whole-house automatic Generac generator. The property is described as commercial and residentially zoned and sits on 1.5 acres, with the deck abutting the woods.
The asset offers a self-contained two-unit setup with separate laundry areas, two detached garages for storage, and multiple comfort systems serving the main and apartment areas.
Key Highlights
- Two‑family duplex on 1.5 acres in Wells, currently used as a 2‑family home
- Main house features 3 full baths (3.0) and central A/C with forced‑air propane heating; basement is finished with interior entry
- In‑law/apartment side includes open concept kitchen, living, and dining, plus a large bedroom, full bath, and walk‑in closet
Local Financial Insights For Multifamily LT 5
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 | $79.4k | $25.44 |
| − Vacancy | −$3.9k | −$1.26 |
| EGI | $75.5k | $24.18 |
| − OpEx | −$22.6k | −$7.25 |
| NOI | $52.8k | $16.93 |
3,121 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$989.3K
$865.7K – $1.15M
NOI $69,254 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-family duplex with detached garages, central A/C in the main home, and separate laundry areas for each unit.
Where is this duplex located?
The property is located at 321 North Berwick Road Wells, ME.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two‑family duplex on 1.5 acres in Wells, currently used as a 2‑family home; Main house features 3 full baths (3.0) and central A/C with forced‑air propane heating; basement is finished with interior entry; In‑law/apartment side includes open concept kitchen, living, and dining, plus a large bedroom, full bath, and walk‑in closet
