Triplex with Private
For Sale
$879,000
54 E Kidder Street, Portland, ME 04103
The three-unit layout includes two three-bedroom residences and one two-bedroom residence.
Property Size2,960 SF
Price / SF$296.96
Days on Market200
Property Features for 54 E Kidder Street
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Multi Family Home
Zoning
R-5
Additional Details
Land Use
residential
Taxes and HOA fees
Annual Taxes
$8,647
Amenities
private backyard
buildable lot
Building Details
Building Size
2,960 SF
Year Built
1901
Stories
3
Units
3
Listing Agency:
Elevate Maine Realty
(207) 331-4565
Listed By:
Daphne Cerino
(207) 482-9392
Source:
Integrityhomesrealestategroup
Added: Apr 16
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Elevate Maine Realty
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Investment Insights
Based on property information with market context.
This triplex contains three residences: two with three bedrooms and one with two. The property measures 2,960 square feet and dates to 1901. A private backyard and a buildable lot are also part of the property. Zoning is R-5.
The property is at 54 E Kidder Street in Portland, near Payson Park, Back Cove, and the Roux Institute.
The property is at 54 E Kidder Street in Portland, near Payson Park, Back Cove, and the Roux Institute.
Key Highlights
- Three‑unit property with two 3‑bedroom residences and one 2‑bedroom residence
- 2,960 square feet
- Includes a private backyard and a buildable lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,308
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,160
$1.0M
Cap Rate 7%
$747,257
$747.3K
Cap Rate 9%
$581,200
$581.2K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$79.9K $27.00/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$74.7K $25.25/SF
− OpEx
−$22.4K −$7.57/SF
NOI
$52.3K $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%
$1,046,160
Cap Rate 7%
$747,257
Cap Rate 9%
$581,200
Alternative Uses
Best Use
Multifamily LT 5
$747.3K
$653.9K – $871.8K
NOI $52,308 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$695.2K
$608.3K – $811.1K
NOI $48,664 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$813.6K
$711.9K – $949.2K
NOI $56,949 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit layout includes two three-bedroom residences and one two-bedroom residence.
Where is this triplex located?
The property is located at 54 E Kidder Street Portland, ME.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Three‑unit property with two 3‑bedroom residences and one 2‑bedroom residence; 2,960 square feet; Includes a private backyard and a buildable lot
