Two-Unit Duplex with Off-Street
New
For Sale
$480,000
526 Washington Avenue, Portland, ME 04103
Multi-Family, Portland, ME
Property Size1,866 SF
Lot Size0.16 Acres
Price / SF$257.23
Days on Market4
Property Features for 526 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2B
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Basement
Full, Unfinished
Lot features
Level, Sidewalks, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
1,866 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5228
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard
Water source
Public
Building Details
Year built
1935
Number of units
2
Flooring type
Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat, Shingle
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 318-2555
Added: Oct 7
Last Checked: Oct 10 at 4:06AM
MLS# 1662685
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.
This 1935 wood-frame duplex contains 1,866 square feet on a 0.16-acre lot. Exterior materials include vinyl siding, and the building has wood flooring, oil-fired baseboard heat, and both flat and shingle roofing. Public water and sewer serve the property, which is zoned B-2B. Off-street parking is available.
The building is on Washington Avenue, near the Roux Institute campus, downtown Portland, Back Cove, restaurants, breweries, and I-295. The property may be purchased together with the neighboring building at 522 Washington Avenue.
The building is on Washington Avenue, near the Roux Institute campus, downtown Portland, Back Cove, restaurants, breweries, and I-295. The property may be purchased together with the neighboring building at 522 Washington Avenue.
Key Highlights
- Two‑unit duplex with off‑street parking
- 1,866 square feet on a 0.16‑acre lot
- Built in 1935; wood‑frame construction with vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,975
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,500
$659.5K
Cap Rate 7%
$471,071
$471.1K
Cap Rate 9%
$366,389
$366.4K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$50.4K $27.00/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$47.1K $25.25/SF
− OpEx
−$14.1K −$7.57/SF
NOI
$33.0K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,500
Cap Rate 7%
$471,071
Cap Rate 9%
$366,389
Alternative Uses
Best Use
Multifamily LT 5
$471.1K
$412.2K – $549.6K
NOI $32,975 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,678 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$512.9K
$448.8K – $598.4K
NOI $35,901 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property includes off-street parking and sits near the Roux Institute campus, downtown Portland, and I-295.
Where is this duplex located?
The property is located at 526 Washington Avenue Portland, ME.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with off‑street parking; 1,866 square feet on a 0.16‑acre lot; Built in 1935; wood‑frame construction with vinyl siding
