Owner-Occupied Duplex
57 Hill Street Saco, ME 04072
For Sale
$605,000
Two 2-bedroom, 1-bath apartments with recent interior updates and outdoor improvements.
Property Size1,890 SF
Price / SF$320.11
Days on Market130
Property Features for 57 Hill Street
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Realty
Listed By:
Anne-Marie Mckenzie
(603) 433-3350
Source:
Greatislandrealty
Added: Mar 18
Changed: Jul 24
Last Checked: Jul 24 at 5:40AM
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 duplex includes two well-maintained 2-bedroom, 1-bath apartments. Recent improvements include new flooring in the first-floor living room, kitchen, hallway, and bathroom, along with new doors and a new rear staircase. Exterior updates include a new front porch with composite decking.
The property is located in Saco with easy access to the interstate. It is also close to the beach and within walking distance of downtown Saco.
The layout provides a sizable backyard space, offering additional outdoor area within the in-town setting.
The property is located in Saco with easy access to the interstate. It is also close to the beach and within walking distance of downtown Saco.
The layout provides a sizable backyard space, offering additional outdoor area within the in-town setting.
Key Highlights
- Duplex in Saco with two 2‑bedroom, 1‑bath apartments
- Recent interior updates include new flooring in the first‑floor living room, kitchen, hallway, and bathroom
- Improvements include a new front porch with composite decking, new doors, and a new rear staircase
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 | $48.1k | $25.44 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $45.7k | $24.18 |
| − OpEx | −$13.7k | −$7.25 |
| NOI | $32.0k | $16.93 |
1,890 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$399.9K – $533.2K
NOI $31,994 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.8K
NOI $29,209 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,938 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath apartments with recent interior updates and outdoor improvements.
Where is this duplex located?
The property is located at 57 Hill Street Saco, ME.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Duplex in Saco with two 2‑bedroom, 1‑bath apartments; Recent interior updates include new flooring in the first‑floor living room, kitchen, hallway, and bathroom; Improvements include a new front porch with composite decking, new doors, and a new rear staircase
