Victorian Duplex with Skyline-View
332 Broadway, South Portland, ME 04106
For Sale
$895,000
A four-bedroom main residence, separate rental apartment, and detached garage create a flexible two-unit property.
Property Size2,110 SF
Price / SF$424.17
Days on Market80
Property Features for 332 Broadway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private elevated deck
large private fenced backyard
Shower
Storage
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Dream Home Realty LLC
(207) 300-4663
Listed By:
Patricia Gallant
(207) 776-8386
Source:
Amerorealty
Added: Aug 24
Changed: Nov 7
Last Checked: Nov 10 at 1:31PM
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 Dream Home Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1903, this renovated Victorian duplex contains a four-bedroom main residence with 1.5 baths and a separate rental apartment. The property totals 2,110 square feet. Period detailing includes custom trim and stained glass, while the apartment has an elevated private deck with views of the Portland skyline.
Set on a corner lot in South Portland, the grounds include a fenced backyard and landscaping. A detached two-car garage has an unfinished second floor. The property is zoned VR.
Set on a corner lot in South Portland, the grounds include a fenced backyard and landscaping. A detached two-car garage has an unfinished second floor. The property is zoned VR.
Key Highlights
- Renovated 1903 Victorian duplex totaling 2,110 square feet
- Main residence has 4 bedrooms and 1.5 baths
- Separate rental apartment with an elevated deck overlooking the Portland skyline
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,287
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,740
$745.7K
Cap Rate 7%
$532,671
$532.7K
Cap Rate 9%
$414,300
$414.3K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$57.0K $27.00/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$53.3K $25.25/SF
− OpEx
−$16.0K −$7.57/SF
NOI
$37.3K $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%
$745,740
Cap Rate 7%
$532,671
Cap Rate 9%
$414,300
Alternative Uses
Best Use
Multifamily LT 5
$532.7K
$466.1K – $621.5K
NOI $37,287 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$495.6K
$433.6K – $578.2K
NOI $34,690 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$579.9K
$507.4K – $676.6K
NOI $40,595 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cumberland County, ME
Properties on Market for Duplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A four-bedroom main residence, separate rental apartment, and detached garage create a flexible two-unit property.
Where is this duplex located?
The property is located at 332 Broadway South Portland, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Renovated 1903 Victorian duplex totaling 2,110 square feet; Main residence has 4 bedrooms and 1.5 baths; Separate rental apartment with an elevated deck overlooking the Portland skyline
