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    Remodeled Duplex in Fort Kent, Maine Title is generated by Realmo AI

    37 S Perley Brook Road, Fort Kent, ME 04743

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    For Sale
    $159,000

    MULTI_FAMILY - Fort Kent, ME

    Property size:
    2,110 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $75/SF
    Added:
    May 27, 2026
    Days on Market:
    2
    Last Refresh:
    May 28 at 2:06 am

    Property Features for 37 S Perley Brook Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mixed Use
    Bathrooms
    2
    Rooms
    Bathroom 1, Basement, Bathroom 2
    Patio and Porch features
    Porch
    Interior features
    1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Shower
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    2,110 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1400

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Oil, Electric (Heating), Forced Air
    Cooling system
    Heat Pump
    Water source
    Well, Private

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Tile, Wood
    Building materials
    Wood Frame, Asbestos, Other Exterior
    Roof type
    Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Denise Anderson

    Listing agent Denise Anderson

    Listing office CENTURY 21 Queen City Real Estate 592 Hammond Street Ste 2, Bangor, ME

    Listing date May 27, 2026

    MLS# 1663993 Listing URL

    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.

    HighLights

    • Income Potential/Duplex: Features two units, offering immediate rental income or multi‑generational living.
    • Recently Remodeled: Updated with new PEX piping, drywall, interior paint, electrical work, insulation, flooring, bathroom fixtures, and newer appliances.
    • New Roof: The roof was replaced in 2025.
    • Main Level Amenities: Includes a master bedroom with a half bath and ample closet space, a walk‑in shower, and a tucked‑away laundry area.
    • Outdoor Features: Boasts a glass‑enclosed sun porch and a new deck on the second level (2024).
    • Updated Systems: Features heat pump for heating and cooling, and updated electrical work.

    Overview

    This two-unit duplex is located in Fort Kent, Maine. The property has been remodeled. The main level features a living room that flows into the eat-in kitchen, which includes a laundry area. A storage shed is located just beyond the kitchen, and a few steps further leads to a glass-enclosed sun porch. Off the kitchen and down a short hallway, you will discover the main bathroom equipped with a walk-in shower. There is also a spare bedroom, along with a master bedroom that has a half bath and ample closet space. The second level contains a one-bedroom, one-bath unit. Updates include new PEX piping, drywall, interior paint, electrical work, insulation, flooring, bathroom fixtures, and lower-level appliances that are only two years old. The roof was replaced in 2025, and new interior doors will be added to the lower level in 2026, along with a painted front entry. The front landscaping is currently being renovated, and new framing has been installed around some of the windows, as well as a new deck on the second level in 2024. The property is zoned mixed use and sits on a 0.26-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Kent
    County
    Aroostook
    State
    Maine
    Longitude
    -68.575328
    Latitude
    47.239401

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with income potential, remodeled and conveniently located.
    Where is this duplex located?
    The property is located at 37 S Perley Brook Road Fort Kent, ME.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Income Potential/Duplex: Features two units, offering immediate rental income or multi‑generational living.; Recently Remodeled: Updated with new PEX piping, drywall, interior paint, electrical work, insulation, flooring, bathroom fixtures, and newer appliances.; New Roof: The roof was replaced in 2025.
    (207) 316-8012
    We can help!
    Listing Contact
    Denise Anderson
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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