Duplex with Attic
For Sale
$699,000
Pending
436 Woodford Street, Portland, ME 04103
Two residential units offer separate utilities, outdoor porches, balcony decks, and a garage.
Property Size2,184 SF
Days on Market53
Property Features for 436 Woodford Street
General Information
Standard status
Pending
Size
2,184 SF
Property subtype
MULTI_FAMILY
Property Condition
Severity
Repairs Needed
Evidence
a modern-day cosmetic refresh will make this treasure shine
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,763
Amenities
front porch
back porch
balcony decks
garage
privacy fence
green space
Building Details
Building Size
2,184 SF
Year Built
1920
Buildings
1
Listing Agency:
King + Miller Real Estate
Listed By:
Bridget King Jason Miller
(207) 805-3716
Source:
Heathershieldsmaine
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 16 at 5:11PM
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 King + Miller Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,184-square-foot duplex contains two residential units, each arranged with two bedrooms, a full bathroom, dining room, kitchen, and living room. The property also includes a partially finished third-floor attic, basement storage with a flexible multi-use room, separate utilities, and original built-ins and hardwood floors beneath the carpeting. Updated heating systems, windows, and walkways are also part of the improvements.
Outdoor features include front and rear porches, balcony decks, planted areas, a privacy fence, green space, and parking. A garage provides additional space for vehicles, equipment, and tools. The property is located at 436 Woodford Street in Portland, near locally sourced groceries, bakeries, dining, drinks, trails, Deering High School, and the Woodfords Corner clock tower.
Outdoor features include front and rear porches, balcony decks, planted areas, a privacy fence, green space, and parking. A garage provides additional space for vehicles, equipment, and tools. The property is located at 436 Woodford Street in Portland, near locally sourced groceries, bakeries, dining, drinks, trails, Deering High School, and the Woodfords Corner clock tower.
Key Highlights
- 2,184‑square‑foot duplex built in 1920
- Each unit includes 2 bedrooms, 1 full bathroom, dining room, kitchen, and living room
- Partially finished third‑floor attic offers additional living‑area potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,595
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,900
$771.9K
Cap Rate 7%
$551,357
$551.4K
Cap Rate 9%
$428,833
$428.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$59.0K $27.00/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$55.1K $25.25/SF
− OpEx
−$16.5K −$7.57/SF
NOI
$38.6K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,900
Cap Rate 7%
$551,357
Cap Rate 9%
$428,833
Alternative Uses
Best Use
Multifamily LT 5
$551.4K
$482.4K – $643.3K
NOI $38,595 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$512.9K
$448.8K – $598.4K
NOI $35,906 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, outdoor porches, balcony decks, and a garage.
Where is this duplex located?
The property is located at 436 Woodford Street Portland, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,184‑square‑foot duplex built in 1920; Each unit includes 2 bedrooms, 1 full bathroom, dining room, kitchen, and living room; Partially finished third‑floor attic offers additional living‑area potential
