Two-Unit Bungalow with
For Sale
$339,000
48 Kansas Road, Bridgton, ME 04009
Multi-Family, Bridgton, ME
Property Size1,142 SF
Lot Size0.41 Acres
Price / SF$296.85
Days on Market90
Property Features for 48 Kansas Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
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
Wood, Carpet, 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: Oct 2
Last Checked: Oct 7 at 10:06PM
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.
Located at 48 Kansas Road in Bridgton, this 1,142-square-foot duplex offers two residential units within a bungalow-style home built in 1850. Each unit includes a kitchen, living room, dining area, two upstairs bedrooms, and a full bathroom on the main level. One kitchen has been updated, while the interior includes carpet, laminate, and wood flooring. A porch, metal roof, wood-frame construction, and oil-fired hot-water heating are also included.
The property occupies 0.41 acres with a large private yard and two garages/sheds. Public water and private sewer serve the property, and both the roof and septic system have been replaced in recent years. Residential zoning and the two-unit layout support either owner occupancy with rental use in the second unit or a multifamily investment approach.
The property occupies 0.41 acres with a large private yard and two garages/sheds. Public water and private sewer serve the property, and both the roof and septic system have been replaced in recent years. Residential zoning and the two-unit layout support either owner occupancy with rental use in the second unit or a multifamily investment approach.
Key Highlights
- Two‑unit bungalow with 1,142 square feet of property size
- Each unit has a kitchen, living room, dining area, two bedrooms, and a full bathroom
- One unit includes an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,181
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
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
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 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 5.95%
Second Best
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Residentially zoned property with separate living spaces, an updated kitchen, and a private yard near the village.
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 $339,000.
What are key features of this property?
This property features: Two‑unit bungalow with 1,142 square feet of property size; Each unit has a kitchen, living room, dining area, two bedrooms, and a full bathroom; One unit includes an updated kitchen
