Building Details

Year Built 1860

Construction post and beam

Listing Agency: Legacy Properties Sotheby's International Realty

Listed By: Heather Shields Show Phone

Source: Profoundrealestate

Added: Aug 5 Changed: Oct 13 Last Checked: Oct 14 at 11:03PM

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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 Legacy Properties Sotheby's International Realty

Investment Insights

Based on property information with market context.

This 1860 post-and-beam duplex combines preserved character with updated residential systems and a flexible two-level layout. The main residence includes expansive living and dining areas beneath cathedral ceilings, exposed beams, skylights, wide-plank floors, a loft-style primary suite, and a kitchen with custom cabinetry, butcher block counters, a center island, and herringbone flooring.

The lower-level ADU has its own entrance, full kitchen, living and dining spaces, two bedrooms, laundry, and views toward the Piscataqua River. Outdoor features include a covered porch, riverside deck, hot tub, and park-like grounds. Improvements include new windows and doors, added insulation, updated electrical, renovated bathrooms, a new garage, a whole-house Generac generator, and a new leach field serving the ADU. The property is suited to multigenerational living, guest accommodations, or separate rental use.

Key Highlights

• 4,760 property size with a duplex configuration and lower‑level ADU
• Built in 1860 as a post‑and‑beam mill property
• ADU includes private entrance, full kitchen, living and dining areas, two bedrooms, and laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,116

Cap Rate

4.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,682,320 $1.7M

Cap Rate 7%

$1,201,657 $1.2M

Cap Rate 9%

$934,622 $934.6K

Market Conditions

NOI Build-Up for 4,760 SF

Gross rent

$128.5K $27.00/SF

− Vacancy

−$8.4K −$1.76/SF

EGI

$120.2K $25.25/SF

− OpEx

−$36.0K −$7.57/SF

NOI

$84.1K $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%

$1,682,320

Cap Rate 7%

$1,201,657

Cap Rate 9%

$934,622

Alternative Uses

Best Use

Multifamily LT 5

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,116 @ 7.0% cap · market cap 4.82%

Second Best

Apartment 5plus

$1.12M

$978.2K – $1.30M (±1% cap)

NOI $78,257 @ 7.0% cap · market cap 4.48%

Theoretical Best

Office A

$1.31M

$1.14M – $1.53M (±1% cap)

NOI $91,580 @ 7.0% cap · market cap 5.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

FluentEdge | Digital Marketing ... Advertising Agency

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Electrical Service Plumbing Service Garden Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Explore this area Business Placement

Demographics for 04021, ME

6,729

Population

2,428

Households

2.8

Avg Household Size

42

Median Age

70%

College-Educated

99%

High-School Grad

20.5 sq mi

ZIP Area

328

Density / Sq Mi

$145,833

Median Household Income

$70,304

Median Earnings

$506,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Renovated historic property with separate kitchen, living areas, laundry, and two-bedroom secondary residence.

Where is this duplex located?

The property is located at 47 Skillin Road Cumberland, ME.

What is the asking price?

The asking price for this property is $1,745,000.

What are key features of this property?

This property features: 4,760 property size with a duplex configuration and lower‑level ADU; Built in 1860 as a post‑and‑beam mill property; ADU includes private entrance, full kitchen, living and dining areas, two bedrooms, and laundry