Duplex with Cathedral-Ceiling
50 Glenwood Avenue, Saco, ME 04072
For Sale
$625,000
Each residence has a one-level plan, with laundry facilities located inside both units.
Property Size1,816 SF
Price / SF$344.16
Days on Market163
Property Features for 50 Glenwood Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
heat pump
private yard
storage shed
Building Details
Building Size
Year Built
Units
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Jacqueline Nedwell
(207) 400-6989
Source:
Integrityhomesrealestategroup
Added: Jun 2
Changed: Nov 11
Last Checked: Nov 11 at 2:06AM
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 Town & Shore Real Estate
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Investment Insights
Based on property information with market context.
This 1,816-square-foot duplex was built in 2007 and contains two residences, each with 2 bedrooms and 1 bath. Both have single-level layouts and in-unit laundry. Unit 102 includes an addition with cathedral ceilings and a heat pump for heating and cooling. Each side also has a private yard and storage shed, with ample parking on the property. Zoning is R-2.
At 50 Glenwood Avenue in Saco, the property sits on a dead-end street in an established residential area. Downtown Saco, restaurants, shopping, schools, beaches, and commuter routes are a short drive away.
At 50 Glenwood Avenue in Saco, the property sits on a dead-end street in an established residential area. Downtown Saco, restaurants, shopping, schools, beaches, and commuter routes are a short drive away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- 1,816 square feet; built in 2007
- Unit 102 has an addition with cathedral ceilings and a heat pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,742
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,840
$614.8K
Cap Rate 7%
$439,171
$439.2K
Cap Rate 9%
$341,578
$341.6K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$46.2K $25.44/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$43.9K $24.18/SF
− OpEx
−$13.2K −$7.25/SF
NOI
$30.7K $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%
$614,840
Cap Rate 7%
$439,171
Cap Rate 9%
$341,578
Alternative Uses
Best Use
Multifamily LT 5
$439.2K
$384.3K – $512.4K
NOI $30,742 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.8K
NOI $28,065 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$575.7K
$503.7K – $671.6K
NOI $40,296 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence has a one-level plan, with laundry facilities located inside both units.
Where is this duplex located?
The property is located at 50 Glenwood Avenue Saco, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; 1,816 square feet; built in 2007; Unit 102 has an addition with cathedral ceilings and a heat pump
