Two-Unit Duplex with
New
For Sale
$725,000
64 Anthoine Street, South Portland, ME 04106
Multi-Family, South Portland, ME
Property Size2,250 SF
Lot Size0.23 Acres
Price / SF$322.22
Days on Market1
Property Features for 64 Anthoine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Porch
Basement
Walk-Out Access, Full, Unfinished
Lot features
Well Landscaped, Neighborhood
Standard status
Active
Size
2,250 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6740
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
coin-op washer and dryer
solar panels
Building Details
Year built
1910
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
Distinctive Properties
Listed By:
Peter Adams
(207) 772-4554
Added: Sep 4
Last Checked: Sep 4 at 5:06PM
MLS# 1679304
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 2,250-square-foot duplex, built in 1910, includes two residential units with two bedrooms per unit. The property features hardwood flooring, baseboard heating powered by natural gas, separate utilities, a porch, and a basement. A coin-operated washer and dryer serve the building, while solar panels produce more electricity than the property requires. The structure has wood-frame construction with shingle and wood siding and a shingle roof.
The 0.23-acre property at 64 Anthoine Street in South Portland includes a two-car garage, off-street parking, public water, and public sewer. The parcel also includes a buildable lot and is zoned R. Landscaping, two bathrooms, and the existing parking and garage improvements add to the property's functional layout.
The 0.23-acre property at 64 Anthoine Street in South Portland includes a two-car garage, off-street parking, public water, and public sewer. The parcel also includes a buildable lot and is zoned R. Landscaping, two bathrooms, and the existing parking and garage improvements add to the property's functional layout.
Key Highlights
- 2,250‑square‑foot duplex with two 2‑bedroom units
- Two‑car garage with off‑street parking
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,220
$795.2K
Cap Rate 7%
$568,014
$568.0K
Cap Rate 9%
$441,789
$441.8K
Market Conditions
NOI Build-Up for 2,250 SF
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.
Gross rent
$60.8K $27.00/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$56.8K $25.25/SF
− OpEx
−$17.0K −$7.57/SF
NOI
$39.8K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,220
Cap Rate 7%
$568,014
Cap Rate 9%
$441,789
Alternative Uses
Best Use
Multifamily LT 5
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$528.4K
$462.4K – $616.5K
NOI $36,991 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$618.4K
$541.1K – $721.5K
NOI $43,289 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
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 with separate utilities, off-street parking, and a two-car garage.
Where is this duplex located?
The property is located at 64 Anthoine Street South Portland, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,250‑square‑foot duplex with two 2‑bedroom units; Two‑car garage with off‑street parking; Separate utilities for each unit
