Turnkey Duplex with Daylight
59-61 Maggie Lane Portland, ME 04103
For Sale
$660,000
MULTI_FAMILY - Colonial - Portland, ME
Property Size1,872 SF
Lot Size0.49 Acres
Price / SF$352.56
Days on Market49
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, Basement, Bathroom 2
Interior features
Bathtub
Basement
Full, Unfinished, Daylight
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
Hot Water(Heating), Zoned, Baseboard, Oil
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 Agency:
Coyne Webber Real Estate Associates, LLC
(207) 772-4663
Listed By:
Peter Coyne
(207) 939-6126
Added: Jun 11
Changed: Jul 28
Last Checked: Jul 29 at 1:06AM
MLS# 1666108
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.
Turnkey duplex built in 2000, positioned at the end of a quiet cul-de-sac. The property features two side-by-side, townhouse-style units, each offering a bright 2-bedroom, 1-bathroom layout with consistent natural light throughout the day. Interiors are up to date and described as requiring zero immediate cosmetic or mechanical work.
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.
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.
Key Highlights
- Duplex built in 2000 with two side‑by‑side, townhouse‑style units
- Each unit offers a 2‑bedroom, 1‑bathroom layout with natural light
- Full daylight basements under each unit with central bulkhead access, plus basement storage/expansion space
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 |
1,872 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units with updated interiors and full daylight basements offer flexible living and rental income.
Where is this duplex located?
The property is located at 59-61 Maggie Lane Portland, ME.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Duplex built in 2000 with two side‑by‑side, townhouse‑style units; Each unit offers a 2‑bedroom, 1‑bathroom layout with natural light; Full daylight basements under each unit with central bulkhead access, plus basement storage/expansion space
