Duplex with Third-Floor Bonus
For Sale
$749,000
35 Clinton St, Portland, ME 04103
The property includes updated kitchen and bath areas, a walk-out basement, and a masonry garage.
Property Size3,210 SF
Price / SF$233.33
Days on Market24
Property Features for 35 Clinton St
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,762
Amenities
front porch
back porch
basement
walk-out access
vaulted ceiling
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Source:
Exprealty
Added: Sep 17
Changed: Oct 8
Last Checked: Oct 7 at 2:10PM
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 Vitalius Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This 3,210-square-foot duplex has two residential units, each with a front porch and a rear porch. Updated kitchen and bath areas add to the building’s existing features, while a masonry garage provides separate enclosed space. The basement is usable and has walk-out access.
On the third floor, a vaulted bonus room is accompanied by two bedrooms and a half bath. The property is at 35 Clinton St in Portland, near Baxter Woods, Deering Center, Woodfords Corner, and the Back Cove Trail. Downtown Portland is also within a few minutes.
On the third floor, a vaulted bonus room is accompanied by two bedrooms and a half bath. The property is at 35 Clinton St in Portland, near Baxter Woods, Deering Center, Woodfords Corner, and the Back Cove Trail. Downtown Portland is also within a few minutes.
Key Highlights
- 3,210‑square‑foot duplex with two residential units
- Third floor includes a vaulted bonus room, two bedrooms, and a half bath
- Front and rear porches for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,726
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,520
$1.1M
Cap Rate 7%
$810,371
$810.4K
Cap Rate 9%
$630,289
$630.3K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$86.7K $27.00/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$81.0K $25.25/SF
− OpEx
−$24.3K −$7.57/SF
NOI
$56.7K $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%
$1,134,520
Cap Rate 7%
$810,371
Cap Rate 9%
$630,289
Alternative Uses
Best Use
Multifamily LT 5
$810.4K
$709.1K – $945.4K
NOI $56,726 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$753.9K
$659.7K – $879.6K
NOI $52,774 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$882.3K
$772.0K – $1.03M
NOI $61,759 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes updated kitchen and bath areas, a walk-out basement, and a masonry garage.
Where is this duplex located?
The property is located at 35 Clinton St Portland, 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: 3,210‑square‑foot duplex with two residential units; Third floor includes a vaulted bonus room, two bedrooms, and a half bath; Front and rear porches for each unit
