Two-Unit Duplex with Private
35-37 Warren Avenue Cape Elizabeth, ME 04107
New
MULTI_FAMILY - Colonial - Cape Elizabeth, ME
Property size:
2,448 SFLot size:
0.18 AcresPrice / SF:
$326/SF- Added:
- Jul 6, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 10 at 7:06 am
Property Features for 35-37 Warren Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Interior features
- Other Amenities, Bathtub, Shower
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,448 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8035
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Steam, Oil
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Wood Frame, Shingle Siding
- Roof type
- Shingle
- Architectural style
- Colonial
- Additional Structures
- Other
Listing agent Andrea Pellechia (207) 831-0447
Listing office Legacy Properties Sotheby's International Realty 2 City Center, Portland, ME (207) 780-8900
Listing date Jul 6, 2026
MLS# 1668346
Listing URL
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 two-unit duplex offers a flexible residential setup with separate living areas. One side includes two bedrooms and one bathroom, while the other side includes three bedrooms and two bathrooms. The home is described as having spacious rooms and abundant natural light. Outdoor space includes a private backyard, and there is also a detached two-car garage.
The property is located in Cape Elizabeth and is described as being just a few blocks from Cliff House Beach. It sits within a quiet neighborhood setting. Access is noted as convenient to downtown Portland, and the Portland International Jetport is described as about 15 minutes away, with nearby beaches, restaurants, and public transportation connections cited as additional conveniences.
The duplex format supports multiple ownership options, including an investment property or an owner-occupied arrangement with rental income from the second unit. With distinct bedroom and bathroom configurations on each side, the layout can accommodate a range of household needs while keeping day-to-day privacy and functionality in mind. Zoning is listed as RC.
The property is located in Cape Elizabeth and is described as being just a few blocks from Cliff House Beach. It sits within a quiet neighborhood setting. Access is noted as convenient to downtown Portland, and the Portland International Jetport is described as about 15 minutes away, with nearby beaches, restaurants, and public transportation connections cited as additional conveniences.
The duplex format supports multiple ownership options, including an investment property or an owner-occupied arrangement with rental income from the second unit. With distinct bedroom and bathroom configurations on each side, the layout can accommodate a range of household needs while keeping day-to-day privacy and functionality in mind. Zoning is listed as RC.
Key Highlights
- Duplex built in 1930 with Colonial style featuring wood‑frame construction and shingle siding
- Two‑unit layout: one side has 2 bedrooms and 1 bathroom; the other side has 3 bedrooms and 2 bathrooms
- Public utilities with public water and public sewer
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 | $66.1k | $27.00 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $61.8k | $25.25 |
| − OpEx | −$18.5k | −$7.57 |
| NOI | $43.3k | $17.67 |
2,448 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.0K
$540.8K – $721.0K
NOI $43,260 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$672.8K
$588.7K – $785.0K
NOI $47,098 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-configured duplex with separate bedroom counts on each side, plus a private backyard and detached two-car garage.
Where is this duplex located?
The property is located at 35-37 Warren Avenue Cape Elizabeth, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex built in 1930 with Colonial style featuring wood‑frame construction and shingle siding; Two‑unit layout: one side has 2 bedrooms and 1 bathroom; the other side has 3 bedrooms and 2 bathrooms; Public utilities with public water and public sewer
