Duplex with Full
55 Tanguay Street, Sanford, ME 04073
For Sale
$475,000
Each of the two units has four bedrooms, one full bath, and laundry hookups.
Property Size2,370 SF
Price / SF$200.42
Days on Market228
Property Features for 55 Tanguay Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
full basement
enclosed porches
yard
laundry hookups
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Jason Dube · License ME BA912638
(207) 590-6027
Source:
Kiefferrealestate
Added: Apr 1
Changed: Nov 13
Last Checked: Nov 13 at 4:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this 2,370-square-foot duplex contains two units, each with four bedrooms, one full bath, and laundry hookups. The property includes a full basement, enclosed porches, a yard, and parking on a corner lot. Zoning is U.
The property is near major retailers and downtown Sanford, Maine.
The property is near major retailers and downtown Sanford, Maine.
Key Highlights
- Two units, each with four bedrooms and one full bath
- 2,370 square feet; built in 1925
- Full basement and enclosed porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,120
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,400
$802.4K
Cap Rate 7%
$573,143
$573.1K
Cap Rate 9%
$445,778
$445.8K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$60.3K $25.44/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$57.3K $24.18/SF
− OpEx
−$17.2K −$7.25/SF
NOI
$40.1K $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%
$802,400
Cap Rate 7%
$573,143
Cap Rate 9%
$445,778
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 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
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each of the two units has four bedrooms, one full bath, and laundry hookups.
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: Two units, each with four bedrooms and one full bath; 2,370 square feet; built in 1925; Full basement and enclosed porches
