59-61 Maggie Lane, Portland, ME 04103
MULTI_FAMILY - Colonial - Portland, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 2:06 am
Property Features for 59-61 Maggie Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RN-3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Interior features
- Bathtub
- Basement
- Daylight, Unfinished, Full
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 2000
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Peter Coyne (207) 939-6126
Listing office Coyne Webber Real Estate Associates, LLC 89 Mussey Road, South Portland, ME (207) 772-4663
Listing date Jun 8, 2026
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.
HighLights
- Duplex built in 2000 with two side‑by‑side, townhouse‑style units
- Each unit features a 2‑bedroom, 1‑bathroom layout with natural light
- Full daylight basements under each unit with central bulkhead access
- 0.49‑acre lot with a deep backyard and wide, paved off‑street parking area
- Public utilities: public water and public sewer; roof is shingle
- Heating includes zoned hot‑water baseboard with oil heat; vinyl siding and wood‑frame construction
Overview
Each unit includes a full daylight basement accessed via central bulkhead, providing dedicated storage and room for future expansion. The exterior sits on a 0.49-acre lot with a deep backyard. Off-street parking is provided via a wide, paved area intended to accommodate residents and guests.
This configuration suits an owner-occupant who wants to live in one unit while renting the other, or an investor adding a straightforward duplex to an existing portfolio. With practical parking, full basements under each unit, and updated condition across both sides, the property is designed to support immediate occupancy and hands-off transition for qualified buyers.
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 | $50.5k | $27.00 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $47.3k | $25.25 |
| − OpEx | −$14.2k | −$7.57 |
| NOI | $33.1k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.296562
- Latitude
- 43.691444
