2-Unit Duplex with Detached
New
For Sale
$465,000
35 Nye Street, Saco, ME 04072
Multi-Family, Saco, ME
Property Size2,433 SF
Lot Size0.36 Acres
Price / SF$191.12
Days on Market3
Property Features for 35 Nye Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HDR
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street
Interior features
1st Floor Bedroom, Attic, Storage
Basement
Walk-Out Access, Full, Finished
Lot features
Well Landscaped, Level, Intown, Near Shopping, Near Turnpike/ Interstate, Near Public Transit, Near Railroad
Standard status
Active
Size
2,433 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5034
Utilities
Sewer type
Public Sewer
Heating system
Oil, Wood, Baseboard
Water source
Public
Water front features
Stream
Amenities
fenced-in yard
screened patio
storage shed
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Additional Structures
Storage
Buildings
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Deja Lett
(207) 415-8204
Added: Oct 30
Last Checked: Nov 1 at 5:06AM
MLS# 1686208
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.
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Investment Insights
Based on property information with market context.
This 2,433-square-foot Cape Cod duplex, built in 1950, includes a main residence with 3–4 bedrooms and a separate one-bedroom apartment. The basement has two partially finished rooms with baseboard heat, a full bathroom, and laundry hookups; the apartment also has laundry hookups. A detached one-car garage, storage shed, fenced yard, and screened patio are among the property’s exterior features. The parcel measures 0.36 acres and includes stream frontage. Heating sources include oil, wood, and baseboard; public water and public sewer serve the property.
Located at 35 Nye Street in Saco, the property is zoned HDR. Downtown shops, restaurants, schools, local amenities, and beaches are identified as nearby destinations.
Located at 35 Nye Street in Saco, the property is zoned HDR. Downtown shops, restaurants, schools, local amenities, and beaches are identified as nearby destinations.
Key Highlights
- Two residential units: a main home and a separate one‑bedroom apartment
- 2,433 square feet on a 0.36‑acre lot
- Main residence has 3–4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,187
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,740
$823.7K
Cap Rate 7%
$588,386
$588.4K
Cap Rate 9%
$457,633
$457.6K
Market Conditions
NOI Build-Up for 2,433 SF
Gross rent
$61.9K $25.44/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$58.8K $24.18/SF
− OpEx
−$17.7K −$7.25/SF
NOI
$41.2K $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 Rate 5%
$823,740
Cap Rate 7%
$588,386
Cap Rate 9%
$457,633
Alternative Uses
Best Use
Multifamily LT 5
$588.4K
$514.8K – $686.5K
NOI $41,187 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$537.1K
$470.0K – $626.7K
NOI $37,600 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$771.2K
$674.8K – $899.8K
NOI $53,987 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
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Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom apartment and basement rooms add distinct living space to the main residence.
Where is this duplex located?
The property is located at 35 Nye Street Saco, ME.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two residential units: a main home and a separate one‑bedroom apartment; 2,433 square feet on a 0.36‑acre lot; Main residence has 3–4 bedrooms
