Colonial Duplex with In-Law
For Sale
$749,000
34 York Street, York, ME 03909
Multi-Family, York, ME
Property Size2,750 SF
Lot Size0.48 Acres
Price / SF$272.36
Days on Market58
Property Features for 34 York Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MDL01
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Basement
Parking features
Off Street
Patio and Porch features
Patio
Pets allowed
No
Interior features
In-Law Apartment, 1st Floor Bedroom, Attic, Storage, Primary Bedroom w/Bath
Basement
Full, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Neighborhood
Standard status
Active
Size
2,750 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5987
Utilities
Sewer type
Public Sewer
Heating system
Kerosene, Oil, Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
wide pine floors
five working fireplaces
exposed beams
air-conditioned art studio
hot tub
outdoor shower
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet
Building materials
Wood Frame, Clapboard, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage, Outbuilding
Listing Agency:
RE/MAX Realty One · RE/MAX International
(207) 363-2497
Listed By:
Robert Coles Jr. · License #BR913240
(207) 604-0577
Added: Jul 9
Changed: Sep 2
Last Checked: Sep 4 at 6:06AM
MLS# 1665207
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 2,750-square-foot Colonial duplex sits on a 0.48-acre parcel and includes an in-law apartment, four bedrooms, wood flooring, exposed beams, and five working fireplaces. The interior also provides attic and storage areas, a first-floor bedroom, and a primary bedroom with bath. An air-conditioned outbuilding serves as an art studio, while additional exterior features include multiple outbuildings, a patio, hot tub, and outdoor shower.
Located at 34 York Street in York, the property is near York Harbor, beaches, village shops, and local dining. The property information identifies both residential and commercial use opportunities, with zoning listed as MDL01. Public water and sewer serve the property, and off-street parking is available.
Located at 34 York Street in York, the property is near York Harbor, beaches, village shops, and local dining. The property information identifies both residential and commercial use opportunities, with zoning listed as MDL01. Public water and sewer serve the property, and off-street parking is available.
Key Highlights
- 2,750 square feet on a 0.48‑acre parcel
- In‑law apartment included
- Five working fireplaces and exposed beams
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,060
$931.1K
Cap Rate 7%
$665,043
$665.0K
Cap Rate 9%
$517,256
$517.3K
Market Conditions
NOI Build-Up for 2,750 SF
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.
Gross rent
$70.0K $25.44/SF
− Vacancy
−$3.5K −$1.26/SF
EGI
$66.5K $24.18/SF
− OpEx
−$20.0K −$7.25/SF
NOI
$46.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,060
Cap Rate 7%
$665,043
Cap Rate 9%
$517,256
Alternative Uses
Best Use
Multifamily LT 5
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$607.1K
$531.2K – $708.3K
NOI $42,499 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$871.7K
$762.8K – $1.02M
NOI $61,022 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Colonial property with an in-law apartment, multiple outbuildings, and public water and sewer.
Where is this duplex located?
The property is located at 34 York Street York, ME.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,750 square feet on a 0.48‑acre parcel; In‑law apartment included; Five working fireplaces and exposed beams
