Duplex with Detached
New
For Sale
$520,000
41 Locke Street, Saco, ME 04072
Multi-Family, Saco, ME
Property Size1,646 SF
Lot Size0.13 Acres
Price / SF$315.92
Days on Market4
Property Features for 41 Locke Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MDR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Open
Patio and Porch features
Porch, Deck
Pets allowed
No
Interior features
1st Floor Bedroom, Attic, Bathtub
Basement
Unfinished, Full
Lot features
Well Landscaped, Corner Lot, Sidewalks, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Near Public Transit
Standard status
Active
Size
1,646 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5007
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Baseboard, Oil, Electric (Heating), Hot Water(Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
enclosed porch
private back deck
outdoor space
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Wood, Linoleum, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 282-5988
Listed By:
Margaret Mailman
(207) 590-7491
Added: Oct 12
Last Checked: Oct 15 at 6:06AM
MLS# 1683986
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.
Investment Insights
Based on property information with market context.
This 1,646-square-foot duplex contains two apartments on a 0.13-acre parcel. The first-floor unit has one bedroom and an additional flexible room; the upper apartment has two bedrooms and access to an unfinished attic. A detached two-car garage, enclosed porch, and private deck are among the property’s features. The building dates to 1925 and has MDR zoning.
The property is in Saco, near downtown, schools, shopping, dining, public transportation, and the Maine Turnpike. Public water and sewer serve the site. The combination of separate residential units, outdoor areas, and garage space defines the property’s practical configuration.
The property is in Saco, near downtown, schools, shopping, dining, public transportation, and the Maine Turnpike. Public water and sewer serve the site. The combination of separate residential units, outdoor areas, and garage space defines the property’s practical configuration.
Key Highlights
- Two‑unit duplex with 1,646 square feet of building area
- 0.13‑acre parcel in Saco
- First‑floor apartment has one bedroom and an additional flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,864
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,280
$557.3K
Cap Rate 7%
$398,057
$398.1K
Cap Rate 9%
$309,600
$309.6K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$41.9K $25.44/SF
− Vacancy
−$2.1K −$1.26/SF
EGI
$39.8K $24.18/SF
− OpEx
−$11.9K −$7.25/SF
NOI
$27.9K $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%
$557,280
Cap Rate 7%
$398,057
Cap Rate 9%
$309,600
Alternative Uses
Best Use
Multifamily LT 5
$398.1K
$348.3K – $464.4K
NOI $27,864 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$363.4K
$318.0K – $424.0K
NOI $25,438 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$521.8K
$456.6K – $608.7K
NOI $36,524 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartments include one- and two-bedroom layouts, with outdoor areas and a detached garage.
Where is this duplex located?
The property is located at 41 Locke Street Saco, ME.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,646 square feet of building area; 0.13‑acre parcel in Saco; First‑floor apartment has one bedroom and an additional flex room
