Two-Unit Duplex with Two-Bed
For Sale
$595,000
57 Hill Street, Saco, ME 04072
MULTI_FAMILY - Saco, ME
Property Size1,890 SF
Lot Size0.32 Acres
Price / SF$314.81
Days on Market20
Property Features for 57 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Storage
Basement
Unfinished
Lot features
Well Landscaped, Rolling/ Sloping, Level, Sidewalks, Near Shopping, Neighborhood
Standard status
Active
Size
1,890 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4070
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air, Oil
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Anne-Marie Mckenzie
(207) 831-9157
Added: Jul 13
Changed: Aug 1
Last Checked: Aug 1 at 5:06PM
MLS# 1654791
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex offers two well-maintained 2-bedroom, 1-bath apartments. The home includes storage and a shingle roof, with wood frame construction and vinyl siding. Heating is provided by hot water and forced air systems with oil fuel, and flooring includes tile, vinyl, and carpet. Off-street parking supports day-to-day convenience, and the property features a deck.
Recent improvements include new flooring in the first-floor living room, kitchen, hallway, and bathroom, along with a new front porch with composite decking. Additional updates include new doors and a new rear staircase. Outside, the backyard provides in-town outdoor space.
Set on a 0.32-acre lot with 1,890 square feet of building area, the property is zoned R-3. It also has public water and public sewer. The location provides easy access to the interstate, is close to the beach, and is within walking distance of downtown Saco.
Recent improvements include new flooring in the first-floor living room, kitchen, hallway, and bathroom, along with a new front porch with composite decking. Additional updates include new doors and a new rear staircase. Outside, the backyard provides in-town outdoor space.
Set on a 0.32-acre lot with 1,890 square feet of building area, the property is zoned R-3. It also has public water and public sewer. The location provides easy access to the interstate, is close to the beach, and is within walking distance of downtown Saco.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath apartments
- 0.32‑acre lot with a sizable in‑town backyard
- Recent improvements: new flooring, new front porch with composite decking, new doors, 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 5.38%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.8K
NOI $29,209 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,938 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in R-3 zoning with two 2-bedroom, 1-bath units, off-street parking, and public utilities.
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 $595,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath apartments; 0.32‑acre lot with a sizable in‑town backyard; Recent improvements: new flooring, new front porch with composite decking, new doors, new rear staircase
