Residential Income Property with Guest
44 Johnson Road Windham, ME 04062
For Sale
$1,199,000
Down-to-the-studs remodel completed in 2023 featuring two primary suites and a separate guest/income wing with a second kitchen.
Property Size4,580 SF
Price / SF$261.79
Days on Market69
Property Features for 44 Johnson Road
General Information
Standard status
Active
Size
4,580 SF
Property subtype
Multi-family
Building Details
Year Built
1979
Listing Agency:
Beacon Realty
Listed By:
Laura Burden
(603) 866-2942
Source:
Profoundrealestate
Added: May 22
Changed: Jul 25
Last Checked: Jul 28 at 9:58PM
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 Beacon Realty
Investment Insights
Based on property information with market context.
A residential income property fully remodeled “down-to-the-studs” and completed in 2023. The main home features 6 bedrooms and 5 bathrooms with an open layout designed for entertaining, including two living areas with a wood stove and a propane fireplace. The chef’s kitchen includes Brazilian quartzite, handmade custom cabinetry, and designer fixtures, and the home also offers two distinct first-floor primary suites, custom tile showers, built-in nightstands, and powered blinds. Additional highlights include a speakeasy-style bar, three separate laundry locations, and interior flex rooms that can support a variety of uses.
The guest wing/income suite is accessed via an indoor breezeway or a private outdoor entrance and is located above the 3-car garage. This second-level space includes 2 bedrooms, 2 bathrooms, and a full second kitchen, with the option to be used as multi-generational space or closed off as a premium rental income suite.
Outside, the property is set on a tranquil lot and includes multiple elevated “treehouse” decks, a greenhouse shed, and a cedar spa. It also includes deeded right-of-way access down the road to Highland Lake for swimming, kayaking, and summer recreation.
The guest wing/income suite is accessed via an indoor breezeway or a private outdoor entrance and is located above the 3-car garage. This second-level space includes 2 bedrooms, 2 bathrooms, and a full second kitchen, with the option to be used as multi-generational space or closed off as a premium rental income suite.
Outside, the property is set on a tranquil lot and includes multiple elevated “treehouse” decks, a greenhouse shed, and a cedar spa. It also includes deeded right-of-way access down the road to Highland Lake for swimming, kayaking, and summer recreation.
Key Highlights
- 6BR/5BA home built in 1979 with down‑to‑the‑studs remodel completed in 2023
- Dual first‑floor primary suites—one on each side of the main residence
- Chef’s kitchen with Brazilian quartzite, handmade custom cabinetry, and designer fixtures
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.7k | $27.00 |
| − Vacancy | −$8.0k | −$1.76 |
| EGI | $115.6k | $25.25 |
| − OpEx | −$34.7k | −$7.57 |
| NOI | $80.9k | $17.67 |
4,580 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,935 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$1.08M
$941.2K – $1.25M
NOI $75,298 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,117 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Down-to-the-studs remodel completed in 2023 featuring two primary suites and a separate guest/income wing with a second kitchen.
Where is this duplex located?
The property is located at 44 Johnson Road Windham, ME.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 6BR/5BA home built in 1979 with down‑to‑the‑studs remodel completed in 2023; Dual first‑floor primary suites—one on each side of the main residence; Chef’s kitchen with Brazilian quartzite, handmade custom cabinetry, and designer fixtures
