Duplex with Separate
34 6th Street, Old Town, ME 04468
For Sale
$289,900
Both residences have laundry hookups and assigned driveway parking.
Property Size2,790 SF
Price / SF$103.91
Days on Market179
Property Features for 34 6th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Florentina Davis
(207) 852-4597
Source:
Amerorealty
Added: May 15
Changed: Nov 7
Last Checked: Nov 9 at 4:17PM
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 NextHome Experience
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,790-square-foot duplex, built in 1900, contains two townhouse-style residences with separate utilities. Recent updates include heating systems, appliances, interior paint, and dedicated electric water heaters for each unit. Both residences have washer and dryer hookups, with paved driveway parking provided for each side of the property.
The unit layouts differ: one includes three bedrooms, one full bathroom, and living space on the lower level; the other has two upstairs bedrooms and living space below. The property is zoned R2 and is in Old Town, near the University of Maine, Hannaford Plaza, restaurants, and everyday services.
The unit layouts differ: one includes three bedrooms, one full bathroom, and living space on the lower level; the other has two upstairs bedrooms and living space below. The property is zoned R2 and is in Old Town, near the University of Maine, Hannaford Plaza, restaurants, and everyday services.
Key Highlights
- 2,790 square feet across two townhouse‑style residences
- One unit has 3 bedrooms and 1 full bathroom; the second has 2 bedrooms
- Separate utilities and dedicated electric water heaters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,569
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,380
$511.4K
Cap Rate 7%
$365,271
$365.3K
Cap Rate 9%
$284,100
$284.1K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$38.5K $13.80/SF
− Vacancy
−$2.0K −$0.71/SF
EGI
$36.5K $13.09/SF
− OpEx
−$11.0K −$3.93/SF
NOI
$25.6K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,380
Cap Rate 7%
$365,271
Cap Rate 9%
$284,100
Alternative Uses
Best Use
Multifamily LT 5
$365.3K
$319.6K – $426.2K
NOI $25,569 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$901.1K
$788.5K – $1.05M
NOI $63,076 @ 7.0% cap · market cap 21.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 04468, ME
8,801
Population
4,664
Households
1.9
Avg Household Size
38
Median Age
33%
College-Educated
96%
High-School Grad
122.8 sq mi
ZIP Area
72
Density / Sq Mi
$51,063
Median Household Income
$36,005
Median Earnings
$980
Median Rent
$182,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Penobscot County, ME
Properties on Market for Duplexes in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have laundry hookups and assigned driveway parking.
Where is this duplex located?
The property is located at 34 6th Street Old Town, ME.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,790 square feet across two townhouse‑style residences; One unit has 3 bedrooms and 1 full bathroom; the second has 2 bedrooms; Separate utilities and dedicated electric water heaters for each unit
