Spacious Duplex on Corner
55 Tanguay Street Sanford, ME 04073
55 Tanguay Street, Sanford, ME, 04073
$475,000
For Sale
$475,000
Well-maintained two-unit property with four bedrooms each, near downtown.
Property Size2,370 SF
Price / SF$200.42
Days on Market108
Property Features for 55 Tanguay Street
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing Agency
Keller Williams Realty
(207) 590-6027
Listed by
Jason Dube
(207) 590-6027
Source
Compass
Added: Apr 1 Checked: Jul 17 at 4:54 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This is a large two-unit residential property situated on a corner lot. Each unit features four bedrooms and one full bathroom, along with laundry hookups. The property includes a full basement, enclosed porches, a yard, and parking. The building has been well maintained and has had many improvements over the years. The property is in an excellent location, close to major retailers and downtown Sanford. The property size is 2370 square feet.
Key Highlights
- Large 2‑unit duplex on a corner lot with yard and parking
- Each unit features 4 bedrooms and 1 full bath with laundry hookups
- Excellent location close to major retailers and downtown Sanford
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $25.44 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $57.3k | $24.18 |
| − OpEx | −$17.2k | −$7.25 |
| NOI | $40.1k | $16.93 |
2,370 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$523.2K
$457.8K – $610.5K
NOI $36,627 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$751.3K
$657.4K – $876.5K
NOI $52,589 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit property with four bedrooms each, near downtown.
Where is this duplex located?
The property is located at 55 Tanguay Street Sanford, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Large 2‑unit duplex on a corner lot with yard and parking; Each unit features **4 bedrooms and 1 full bath with laundry hookups**; Excellent location close to major retailers and downtown Sanford
