Two-Unit Bungalow
For Sale
$349,000
48 Kansas Road, Bridgton, ME 04009
MULTI_FAMILY - Bungalow - Bridgton, ME
Property Size1,142 SF
Lot Size0.41 Acres
Price / SF$305.60
Days on Market45
Property Features for 48 Kansas Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
Bathtub
Basement
Full
Lot features
Level, Intown, Near Golf Course, Near Public Beach, Near Shopping
Standard status
Active
Size
1,142 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2114
Utilities
Sewer type
Private Sewer
Heating system
Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1850
Number of units
2
Flooring type
Carpet, Wood, Laminate
Building materials
Wood Frame, Wood Siding
Roof type
Metal
Architectural style
Bungalow
Listing Agency:
Oberg Insurance & Real Estate Agency, Inc.
(207) 647-5551
Listed By:
Cynthia Gorman
(207) 347-1595
Added: Jul 10
Changed: Aug 1
Last Checked: Aug 23 at 7:06PM
MLS# 1670704
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 well-maintained two-unit duplex features a bungalow-style layout. Each unit includes a kitchen, living room, dining room, two bedrooms upstairs, and a full bathroom on the main level. Interior finishes include carpet, wood, and laminate flooring, with bathtub noted among the interior features. Heating is oil-fired hot water.
The property sits on a 0.41-acre lot and is served by public water and private sewer. Construction is wood frame with wood siding, and the roof is metal. The roof and septic system have been replaced in recent years. A porch provides outdoor entry, and there are two garages/sheds leading onto a very private, large yard.
Built in 1850, the home presents an owner-occupant and investor-friendly setup where one unit can be lived in while the other unit is rented to help offset ownership costs.
The property sits on a 0.41-acre lot and is served by public water and private sewer. Construction is wood frame with wood siding, and the roof is metal. The roof and septic system have been replaced in recent years. A porch provides outdoor entry, and there are two garages/sheds leading onto a very private, large yard.
Built in 1850, the home presents an owner-occupant and investor-friendly setup where one unit can be lived in while the other unit is rented to help offset ownership costs.
Key Highlights
- Two‑unit duplex with each unit offering a kitchen, living room, dining room, and two upstairs bedrooms
- 0.41‑acre lot with a very private, large yard and a porch
- Metal roof with roof and septic system replaced in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,181
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,620
$403.6K
Cap Rate 7%
$288,300
$288.3K
Cap Rate 9%
$224,233
$224.2K
Market Conditions
NOI Build-Up for 1,142 SF
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.
Gross rent
$30.8K $27.00/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$28.8K $25.25/SF
− OpEx
−$8.6K −$7.57/SF
NOI
$20.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,620
Cap Rate 7%
$288,300
Cap Rate 9%
$224,233
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.4K
NOI $20,181 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 04009, ME
5,298
Population
4,580
Households
1.2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
56.5 sq mi
ZIP Area
94
Density / Sq Mi
$86,386
Median Household Income
$48,737
Median Earnings
$1,196
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with a metal roof, public water, private sewer, and a porch on a private lot.
Where is this duplex located?
The property is located at 48 Kansas Road Bridgton, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with each unit offering a kitchen, living room, dining room, and two upstairs bedrooms; 0.41‑acre lot with a very private, large yard and a porch; Metal roof with roof and septic system replaced in recent years
