52 Logan Street, Berwick, ME 03901

Building Details

Building Size 1,916 SF More

Year Built 1890 More

Buildings 1 More

Listing Agency: New Space Real Estate, LLC

Listed By: Krista Lombardi Show Phone

Source: Newspacere

Added: Oct 15 Changed: Nov 3 Last Checked: Nov 6 at 9:29AM

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Investment Insights

Based on property information with market context.

This duplex contains two units, with three bedrooms on the first floor and three bedrooms plus a bonus room upstairs. Both residences have updated kitchens and bathrooms, new carpeting and flooring, new appliances, individual hot water heaters, and in-unit laundry. The property includes 1,916 square feet of living space, a large lot, and a detached two-car garage with additional storage above.

Built in 1890, the building’s two distinct layouts offer a range of room configurations, including an extra upstairs room that can serve as flexible space.

Key Highlights

• Two units: three‑bedroom first‑floor residence and three‑bedroom second‑floor residence with bonus room
• 1,916 square feet of living space
• Both units have new kitchens, bathrooms, carpeting, flooring, and appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,435

Cap Rate

6.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$648,700 $648.7K

Cap Rate 7%

$463,357 $463.4K

Cap Rate 9%

$360,389 $360.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,916 SF

Gross rent

$48.7K $25.44/SF

− Vacancy

−$2.4K −$1.26/SF

EGI

$46.3K $24.18/SF

− OpEx

−$13.9K −$7.25/SF

NOI

$32.4K $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%

$648,700

Cap Rate 7%

$463,357

Cap Rate 9%

$360,389

Alternative Uses

Best Use

Multifamily LT 5

$463.4K

$405.4K – $540.6K (±1% cap)

NOI $32,435 @ 7.0% cap · market cap 6.49%

Second Best

Apartment 5plus

$423.0K

$370.1K – $493.5K (±1% cap)

NOI $29,610 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$607.4K

$531.4K – $708.6K (±1% cap)

NOI $42,515 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

253

Businesses Nearby

Explore this area Business Placement

Demographics for 03901, ME

7,937

Population

3,617

Households

2.2

Avg Household Size

40

Median Age

35%

College-Educated

96%

High-School Grad

37.5 sq mi

ZIP Area

212

Density / Sq Mi

$77,790

Median Household Income

$53,333

Median Earnings

$1,237

Median Rent

$331,300

Median Home Value

Market

Average Price Trend$/SF for Duplexes in York County, ME

$309 Jul

$323 Aug

$319 Sep

$308 Oct

Properties on Market for Duplexes in York County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences include in-unit laundry, new appliances and individual hot water heaters.

Where is this duplex located?

The property is located at 52 Logan Street Berwick, ME.

What is the asking price?

The asking price for this property is $499,999.

What are key features of this property?

This property features: Two units: three‑bedroom first‑floor residence and three‑bedroom second‑floor residence with bonus room; 1,916 square feet of living space; Both units have new kitchens, bathrooms, carpeting, flooring, and appliances