Duplex with Third-Floor Bonus
For Sale
$749,000
35 Clinton Street, Portland, ME 04103
Multi-Family, Portland, ME
Property Size3,210 SF
Lot Size0.12 Acres
Price / SF$233.33
Days on Market8
Property Features for 35 Clinton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Deck
Basement
Walk-Out Access, Full, Unfinished
Lot features
Well Landscaped, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
3,210 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
8762
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
front porch
back porch
garage
walk-out basement
bonus room
Building Details
Year built
1910
Number of units
2
Flooring type
Wood, Tile, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 318-2555
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 6 at 12:06PM
MLS# 1681033
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.
Built in 1910, this two-family property contains 3,210 square feet on a 0.12-acre lot and is zoned RN-3. The two residences have updated kitchens and bathrooms, with porches at both the front and rear. A third-floor bonus area features a vaulted ceiling, two additional bedrooms, and a half bath. Other features include a masonry garage and a basement with walk-out access.
The property is in Portland’s Deering Center area, within walking distance of Deering Center, Woodfords Corner, and Back Cove Trail. Baxter Woods is nearby, and downtown Portland is a short drive away.
The property is in Portland’s Deering Center area, within walking distance of Deering Center, Woodfords Corner, and Back Cove Trail. Baxter Woods is nearby, and downtown Portland is a short drive away.
Key Highlights
- Two‑family property with 3,210 square feet on a 0.12‑acre lot
- RN‑3 zoning
- Third‑floor bonus room with vaulted ceiling, two bedrooms, and a half bath
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 - Both residences have front and rear porches, along with updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 35 Clinton Street 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: Two‑family property with 3,210 square feet on a 0.12‑acre lot; RN‑3 zoning; Third‑floor bonus room with vaulted ceiling, two bedrooms, and a half bath
