Duplex with Two-Car
New
For Sale
$725,000
64 Anthoine Street, South Portland, ME 04106
The property includes separate utilities, hardwood floors, and coin-operated laundry equipment.
Property Size2,250 SF
Price / SF$322.22
Days on Market6
Property Features for 64 Anthoine Street
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Land Use
residential
Amenities
2 car garage
Hardwood floors
separate utilities
coin-op washer and dryer
solar panels
Building Details
Year Built
1910
Listing Agency:
Distinctive Properties
Listed By:
Peter Adams
(603) 433-3350
Source:
Greatislandrealty
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 6 at 6:57AM
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 Distinctive Properties
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains 2,250 square feet with two bedrooms in each residential unit. The property includes hardwood flooring, separate utility services, and coin-operated washer and dryer equipment. A two-car garage and additional off-street parking support the two-family layout.
Solar panels produce more electricity than the building requires. The property also features landscaped grounds and an included buildable lot, adding land component value for an investor or owner-occupant. The address is 64 Anthoine St in South Portland, Maine.
Solar panels produce more electricity than the building requires. The property also features landscaped grounds and an included buildable lot, adding land component value for an investor or owner-occupant. The address is 64 Anthoine St in South Portland, Maine.
Key Highlights
- 2,250‑square‑foot duplex with 2 bedrooms in each unit
- Two‑car garage plus off‑street parking
- Separate utilities for the two residential units
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
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property includes separate utilities, hardwood floors, and coin-operated laundry equipment.
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 2 bedrooms in each unit; Two‑car garage plus off‑street parking; Separate utilities for the two residential units
