Duplex with Full
5 Appleby Street, Sanford, ME 04073
For Sale
$399,900
One corporate tenant occupies both residences and pays for heat, hot water, electricity, and public water.
Property Size1,800 SF
Price / SF$222.17
Days on Market209
Property Features for 5 Appleby Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
full basement
off-street parking
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
Century 21 North East
(800) 844-7653
Listed By:
Brian Samia Gary Samia
(207) 200-1388
Source:
Amerorealty
Added: Apr 15
Changed: Nov 7
Last Checked: Nov 9 at 12:50PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex, built in 1986, contains two side-by-side residences. Each unit has three bedrooms, one full bathroom, and a full basement. The property sits on a wooded lot and includes off-street parking.
At 5 Appleby Street in Sanford, Maine, both units are leased to a single corporate tenant. The tenant pays for heat, hot water, electricity, and public water. The property is zoned RDO.
At 5 Appleby Street in Sanford, Maine, both units are leased to a single corporate tenant. The tenant pays for heat, hot water, electricity, and public water. The property is zoned RDO.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1 full bath
- Each residence includes a full basement
- 1,800‑square‑foot building completed in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,471
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,420
$609.4K
Cap Rate 7%
$435,300
$435.3K
Cap Rate 9%
$338,567
$338.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$45.8K $25.44/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$43.5K $24.18/SF
− OpEx
−$13.1K −$7.25/SF
NOI
$30.5K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,420
Cap Rate 7%
$435,300
Cap Rate 9%
$338,567
Alternative Uses
Best Use
Multifamily LT 5
$435.3K
$380.9K – $507.9K
NOI $30,471 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,941 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
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Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One corporate tenant occupies both residences and pays for heat, hot water, electricity, and public water.
Where is this duplex located?
The property is located at 5 Appleby Street Sanford, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1 full bath; Each residence includes a full basement; 1,800‑square‑foot building completed in 1986
