Residential Income Property with Dual
44 Johnson Road Windham, ME 04062
44 Johnson Road, Windham, ME, 04062
$1,225,000
For Sale
$1,225,000
MULTI_FAMILY - Modern, Contemporary - Windham, ME
Property Size4,580 SF
Lot Size1.84 Acres
Price / SF$267.47
Days on Market17
Property Features for 44 Johnson Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- FR
- Bathrooms
- 5
- Rooms
- Bathroom 4, Basement, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1
- Parking features
- Open, Off Street, Heated
- Patio and Porch features
- Deck, Porch
- Pets allowed
- No
- Interior features
- Walk-in Closets, In-Law Apartment, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
- Exterior features
- Animal Containment System
- Basement
- Full, Walk-Out Access, Daylight
- Appliances
- ENERGY STAR Qualified Appliances
- Standard status
- Active
- Size
- 4,580 SF
- Lot size
- 1.84 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8583
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Radiant, Electric (Heating), Propane (Heating), Other (Heating), Zoned, Wood, Baseboard, Wood Stove
- Water source
- Well, Private
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1979
- Floors in Building
- 4
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood, Wood, Tile
- Building materials
- Wood Frame, Metal Clad, Vertical Siding, Other Exterior
- Roof type
- Fiberglass, Shingle
- Architectural style
- Modern, Contemporary
- Additional Structures
- Storage, Outbuilding
Listing Agency
Beacon Realty
(207) 776-1083
385 Stevens Avenue, Portland, ME
Listed by
Laura Burden
(207) 332-6458
Added: Jun 30 Checked: Jul 16 at 3:06 pm
MLS# 1663644
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.
Investment Insights
Based on property information with market context.
This residential income property features a modern, down-to-the-studs remodel completed in 2023. The main residence includes 6 bedrooms and 5 bathrooms with an open layout designed for entertaining, rich wood tones, and textured accent walls. Key highlights include a chef’s kitchen with Brazilian quartzite countertops, custom cabinetry, and designer fixtures, along with two separate living areas that include a wood stove and a propane fireplace. The home also offers dual first-floor primary suites—one on each side of the residence—with luxury finishes throughout, including custom tile showers and built-in nightstands, plus powered blinds. Additional features include a speakeasy-style bar, multiple gathering spaces, and three separate laundry locations.
The flexible guest wing/income suite is accessed via an indoor breezeway or a private outdoor entrance. Above the 3-car garage, it provides 2 bedrooms, 2 bathrooms, and a full second kitchen, with the option to be used together or closed off as a standalone rental income suite.
Outside, the property includes multiple “treehouse” decks, a greenhouse shed, and a cedar spa. The listing also notes deeded right-of-way access down the road to Highland Lake for swimming, kayaking, and summer recreation. The property is located at 44 Johnson Road in Windham, Maine (04062), in Cumberland County.
The flexible guest wing/income suite is accessed via an indoor breezeway or a private outdoor entrance. Above the 3-car garage, it provides 2 bedrooms, 2 bathrooms, and a full second kitchen, with the option to be used together or closed off as a standalone rental income suite.
Outside, the property includes multiple “treehouse” decks, a greenhouse shed, and a cedar spa. The listing also notes deeded right-of-way access down the road to Highland Lake for swimming, kayaking, and summer recreation. The property is located at 44 Johnson Road in Windham, Maine (04062), in Cumberland County.
Key Highlights
- 6BR/5BA home with dual first‑floor primary suites, each with a bath, plus one‑floor living layout.
- In‑law/guest wing over the 3‑car garage offers 2 bedrooms, 2 bathrooms, and a full second kitchen with separate access.
- Deeded right‑of‑way access down the road to Highland Lake for swimming, kayaking, and summer recreation.
Local 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 6.61%
Second Best
Apartment 5plus
$1.08M
$941.2K – $1.25M
NOI $75,298 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,117 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Down-to-the-studs remodel completed in 2023 offers a main home plus an enclosed guest/income wing above a 3-car garage.
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 $1,225,000.
What are key features of this property?
This property features: 6BR/5BA home with dual first‑floor primary suites, each with a bath, plus one‑floor living layout.; In‑law/guest wing over the 3‑car garage offers 2 bedrooms, 2 bathrooms, and a full second kitchen with separate access.; Deeded right‑of‑way access down the road to Highland Lake for swimming, kayaking, and summer recreation.
