Duplex with Separate
New
For Sale
$550,000
5 Stevens Avenue, Westbrook, ME 04092
MULTI_FAMILY - Other - Westbrook, ME
Property Size2,414 SF
Lot Size0.08 Acres
Price / SF$227.84
Days on Market1
Property Features for 5 Stevens Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CCD
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Basement, Bathroom 2
Patio and Porch features
Porch
Interior features
Primary Bedroom w/Bath
Basement
Unfinished
Lot features
Level, Near Shopping, Near Town, Neighborhood, Suburban
Standard status
Active
Size
2,414 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
6069
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
covered front porch
shared basement
heat pumps
Building Details
Year built
1930
Number of units
2
Flooring type
Carpet, Linoleum, Tile, Laminate
Building materials
Wood Frame, Aluminum Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Scott Townsend
(207) 553-1387
Added: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 1674141
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.
Duplex on a 0.08-acre lot with 2,414 square feet built in 1930. The property is set up with separate heat and electric for each unit, and includes a shared basement that can provide additional storage. Heating is provided by baseboard and oil, complemented by heat pumps for efficient heating and cooling, with cooling via heat pumps.
Significant updates support easier ownership, including a new roof installed in 2019, freshly painted exterior in 2026, a new sump pump, and a one-car garage remodeled in 2021. A covered front porch was added in 2013. Unit 1 offers three bedrooms and two bathrooms, including one bathroom on each floor, along with first-floor laundry. Unit 2 provides two bedrooms with a full bath upstairs and a half bath downstairs, and has been refreshed with fresh paint, new carpets, a new refrigerator, and a new dishwasher.
Outside, residents benefit from three private parking spaces. The property is served by public water and public sewer, and features a wood-frame structure with aluminum siding, shingle roofing, and a combination of tile, carpet, laminate, and linoleum flooring.
Significant updates support easier ownership, including a new roof installed in 2019, freshly painted exterior in 2026, a new sump pump, and a one-car garage remodeled in 2021. A covered front porch was added in 2013. Unit 1 offers three bedrooms and two bathrooms, including one bathroom on each floor, along with first-floor laundry. Unit 2 provides two bedrooms with a full bath upstairs and a half bath downstairs, and has been refreshed with fresh paint, new carpets, a new refrigerator, and a new dishwasher.
Outside, residents benefit from three private parking spaces. The property is served by public water and public sewer, and features a wood-frame structure with aluminum siding, shingle roofing, and a combination of tile, carpet, laminate, and linoleum flooring.
Key Highlights
- 2,414 SF duplex on a 0.08‑acre lot built in 1930
- Separate heat and electric for each unit plus heat pumps for heating and cooling
- New roof installed in 2019, freshly painted exterior in 2026, new sump pump
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 | $65.2k | $27.00 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $60.9k | $25.25 |
| − OpEx | −$18.3k | −$7.57 |
| NOI | $42.7k | $17.67 |
2,414 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.4K
$533.2K – $711.0K
NOI $42,659 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
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 - Two-unit duplex with separate heat and electric for each unit, plus heat pumps, updated roof, and off-street parking.
Where is this duplex located?
The property is located at 5 Stevens Avenue Westbrook, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,414 SF duplex on a 0.08‑acre lot built in 1930; Separate heat and electric for each unit plus heat pumps for heating and cooling; New roof installed in 2019, freshly painted exterior in 2026, new sump pump
