Two-Unit Residential Income
48 Kansas Road Bridgton, ME 04009
For Sale
$369,000
Well-maintained two-unit home with separate kitchens and living areas in each unit, plus updated kitchen and replaced roof and septic.
Property Size1,142 SF
Price / SF$323.12
Days on Market30
Property Features for 48 Kansas Road
General Information
- Standard status
- Active
- Size
- 1,142 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1850
Listing Agency:
Oberg Insurance & Real Estate Agency,Inc.
Listed By:
Cynthia Gorman
(603) 433-3350
Source:
Greatislandrealty
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 23 at 7:07AM
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 Oberg Insurance & Real Estate Agency,Inc.
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential property includes two separate units, each with its own kitchen, living room, and dining room. Both units feature two bedrooms upstairs and a full bathroom on the main level. One unit has an updated kitchen, and the seller states the roof and septic system have been replaced in recent years.
The property offers two garages/sheds that lead onto a very private, large yard, suitable for outdoor use. Washers and dryers are provided for the tenants.
Each unit functions as a complete living space, making the layout well-suited for an owner-occupant and tenant scenario or for investors seeking income-producing residential units.
The property offers two garages/sheds that lead onto a very private, large yard, suitable for outdoor use. Washers and dryers are provided for the tenants.
Each unit functions as a complete living space, making the layout well-suited for an owner-occupant and tenant scenario or for investors seeking income-producing residential units.
Key Highlights
- Two‑unit home (built 1850) in the village with separate kitchen and living areas in each unit
- Each unit offers a kitchen, living room, dining room, 2 bedrooms, and a full bathroom on the main level
- Updated kitchen in one unit
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 | $30.8k | $27.00 |
| − Vacancy | −$2.0k | −$1.76 |
| EGI | $28.8k | $25.25 |
| − OpEx | −$8.6k | −$7.57 |
| NOI | $20.2k | $17.67 |
1,142 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.4K
NOI $20,181 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with separate kitchens and living areas in each unit, plus updated kitchen and replaced roof and septic.
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 $369,000.
What are key features of this property?
This property features: Two‑unit home (built 1850) in the village with separate kitchen and living areas in each unit; Each unit offers a kitchen, living room, dining room, 2 bedrooms, and a full bathroom on the main level; Updated kitchen in one unit
