2-Unit Duplex with Flexible Upper
For Sale
$325,000
53 Halifax St, Winslow, ME 04901
The upper unit includes space that may support a fourth bedroom, subject to town approval.
Property Size2,040 SF
Price / SF$159.31
Days on Market9
Property Features for 53 Halifax St
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 14 at 11:36PM
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 Kathy Gallant
Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex in Winslow contains two units and dates to 1920. The upper unit has an additional area that could be used as a fourth bedroom, pending town approval, or retained for office or storage use. A newer heating system was installed about four years ago.
Shopping and other local amenities are nearby, and Waterville is a short drive away.
Shopping and other local amenities are nearby, and Waterville is a short drive away.
Key Highlights
- Two units within a 2,040‑square‑foot building
- Upper‑level space may allow a fourth bedroom, subject to town approval
- Heating system is approximately four years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,782
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,640
$455.6K
Cap Rate 7%
$325,457
$325.5K
Cap Rate 9%
$253,133
$253.1K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$33.0K $16.20/SF
− Vacancy
−$502 −$0.25/SF
EGI
$32.5K $15.95/SF
− OpEx
−$9.8K −$4.79/SF
NOI
$22.8K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,640
Cap Rate 7%
$325,457
Cap Rate 9%
$253,133
Alternative Uses
Best Use
Multifamily LT 5
$325.5K
$284.8K – $379.7K
NOI $22,782 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,873 @ 7.0% cap · market cap 6.11%
Theoretical Best
Warehouse
$3.04M
$2.66M – $3.55M
NOI $213,044 @ 7.0% cap · market cap 65.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
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 upper unit includes space that may support a fourth bedroom, subject to town approval.
Where is this duplex located?
The property is located at 53 Halifax St Winslow, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units within a 2,040‑square‑foot building; Upper‑level space may allow a fourth bedroom, subject to town approval; Heating system is approximately four years old
