Duplex with Walk-Out
407 Lisbon Street, Lisbon, ME 04250
For Sale
$425,000
Both residences are rented and have separate heating and hot water systems.
Property Size1,886 SF
Price / SF$225.34
Days on Market166
Property Features for 407 Lisbon Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookup
Bathtub
Walk-In Closet(s)
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Beth Bell
(207) 754-6500
Source:
Integrityhomesrealestategroup
Added: Jun 1
Changed: Nov 11
Last Checked: Nov 13 at 8:11PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,886-square-foot duplex, built in 1960, contains two units, each with two bedrooms, one bathroom, a carport, and a walk-out basement with washer and dryer connections. Each residence has an electric range and refrigerator, an oil-fired forced-air furnace, and electric hot water. Tenants pay for heat and electricity. The property is connected to public water and sewer and has off-street parking.
Village zoning permits some business uses, and the property meets initial requirements for adding an ADU. Miller Park, Papermill Trail, and the Androscoggin River are less than one mile away. Lisbon’s Main Street area has dining and shopping options.
Village zoning permits some business uses, and the property meets initial requirements for adding an ADU. Miller Park, Papermill Trail, and the Androscoggin River are less than one mile away. Lisbon’s Main Street area has dining and shopping options.
Key Highlights
- Two‑unit property totaling 1,886 square feet
- Both units are rented; each has 2 bedrooms and 1 bathroom
- Each residence includes a carport and walk‑out basement with washer and dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,602
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,040
$372.0K
Cap Rate 7%
$265,743
$265.7K
Cap Rate 9%
$206,689
$206.7K
Market Conditions
NOI Build-Up for 1,886 SF
Gross rent
$26.9K $14.28/SF
− Vacancy
−$358 −$0.19/SF
EGI
$26.6K $14.09/SF
− OpEx
−$8.0K −$4.23/SF
NOI
$18.6K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,040
Cap Rate 7%
$265,743
Cap Rate 9%
$206,689
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,602 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$252.5K
$220.9K – $294.6K
NOI $17,674 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$586.6K
$513.3K – $684.3K
NOI $41,060 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 04250, ME
4,813
Population
2,038
Households
2.4
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
411
Density / Sq Mi
$71,903
Median Household Income
$49,091
Median Earnings
$854
Median Rent
$225,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Androscoggin County, ME
Properties on Market for Duplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented and have separate heating and hot water systems.
Where is this duplex located?
The property is located at 407 Lisbon Street Lisbon, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,886 square feet; Both units are rented; each has 2 bedrooms and 1 bathroom; Each residence includes a carport and walk‑out basement with washer and dryer connections
