Duplex with Two 2-Bedroom
New
For Sale
$437,500
36 Wadleigh Street, Parsonsfield, ME 04047
Multi-Family, Parsonsfield, ME
Property Size1,680 SF
Lot Size0.50 Acres
Price / SF$260.42
Days on Market2
Property Features for 36 Wadleigh Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Village
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Porch
Interior features
Bathtub
Basement
Full, Unfinished
Lot features
Well Landscaped, Open, Level, Near Shopping, Near Town
Standard status
Active
Size
1,680 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2199
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Kerosene, Hot Water(Heating)
Water source
Public
Water front features
Lake, Stream
Water front
1
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl, Linoleum, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Cape Cod
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Carol Chaffee
(207) 240-1641
Added: Oct 31
Last Checked: Nov 1 at 7:06AM
MLS# 1686397
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 Cape Cod-style duplex contains two 2-bedroom units within 1,680 square feet. Built in 1900, the wood-frame building has vinyl siding, a metal roof, and a porch. Interior details include vinyl, linoleum, and carpet flooring, with baseboard and hot-water heating fueled by kerosene. The property has public water and a septic system, and is zoned Village.
Set on a 0.5-acre parcel, the property includes lake and stream waterfront features. Coffee, dining, and a convenience gas station are within walking distance. One unit is occupied by the owner; the other is leased to a tenant.
Set on a 0.5-acre parcel, the property includes lake and stream waterfront features. Coffee, dining, and a convenience gas station are within walking distance. One unit is occupied by the owner; the other is leased to a tenant.
Key Highlights
- Two 2‑bedroom units in 1,680 square feet
- 0.5‑acre parcel with lake and stream waterfront features
- Village zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,440
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,800
$568.8K
Cap Rate 7%
$406,286
$406.3K
Cap Rate 9%
$316,000
$316.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$42.7K $25.44/SF
− Vacancy
−$2.1K −$1.26/SF
EGI
$40.6K $24.18/SF
− OpEx
−$12.2K −$7.25/SF
NOI
$28.4K $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%
$568,800
Cap Rate 7%
$406,286
Cap Rate 9%
$316,000
Alternative Uses
Best Use
Multifamily LT 5
$406.3K
$355.5K – $474.0K
NOI $28,440 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$370.9K
$324.5K – $432.7K
NOI $25,963 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$532.6K
$466.0K – $621.3K
NOI $37,279 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 04047, ME
1,791
Population
1,077
Households
1.7
Avg Household Size
50
Median Age
24%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
30
Density / Sq Mi
$61,250
Median Household Income
$43,326
Median Earnings
$1,051
Median Rent
$251,800
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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied by the owner, while the second is tenant-leased.
Where is this duplex located?
The property is located at 36 Wadleigh Street Parsonsfield, ME.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: Two 2‑bedroom units in 1,680 square feet; 0.5‑acre parcel with lake and stream waterfront features; Village zoning
