Two-Unit Duplex with Detached
35 Summer Street, Oakland, ME 04963
For Sale
$239,900
Two three-bedroom apartments provide a flexible layout, complemented by a separate garage.
Property Size1,856 SF
Price / SF$129.26
Days on Market71
Property Features for 35 Summer Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
detached garage
Building Details
Building Size
Year Built
Listing Agency:
NextHome Northern Lights Realty
Listed By:
Linmarie Blythe
(207) 343-1733
Source:
Hoangrealty
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 9 at 3:05PM
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 NextHome Northern Lights Realty
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Investment Insights
Based on property information with market context.
This 1,856-square-foot duplex, built in 1900, contains two apartments, each with three bedrooms and one bathroom. A detached garage sits beside the residential building, adding separate space for vehicle storage or parking.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 1,856 square feet of building area
- Detached garage beside the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,727
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,540
$414.5K
Cap Rate 7%
$296,100
$296.1K
Cap Rate 9%
$230,300
$230.3K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$30.1K $16.20/SF
− Vacancy
−$457 −$0.25/SF
EGI
$29.6K $15.95/SF
− OpEx
−$8.9K −$4.79/SF
NOI
$20.7K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,540
Cap Rate 7%
$296,100
Cap Rate 9%
$230,300
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$527.5K
$461.6K – $615.4K
NOI $36,925 @ 7.0% cap · market cap 15.39%
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
66
Businesses Nearby
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Business Placement
Demographics for 04963, ME
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kennebec County, ME
Properties on Market for Duplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments provide a flexible layout, complemented by a separate garage.
Where is this duplex located?
The property is located at 35 Summer Street Oakland, ME.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 1,856 square feet of building area; Detached garage beside the duplex
