Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Two-Unit Lisbon Property Title is generated by Realmo AI

    65 Main Street, Lisbon, ME 04252

    View on Map
    Claim this Listing
    New
    For Sale
    $349,900

    Extensively updated two-unit property with income potential in Lisbon, Maine.

    Type:Multi-Family
    Property size:
    2,500 SF
    Price / SF:
    $139/SF
    Added:
    May 26, 2026
    Days on Market:
    4
    Last Refresh:
    May 27 at 8:04 am

    Property Features for 65 Main Street

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Corey Dunn

    Listing agent Corey Dunn

    Listing office EXP Realty

    Listing date May 26, 2026

    Source Compass

    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 EXP Realty

    HighLights

    • Extensively updated two‑unit property with major recent capital improvements.
    • Unit 2 is completely remodeled and vacant, ready for owner occupancy or market‑rent placement.
    • Strong income potential with rents appearing to be under market.
    • Low operating expenses due to tenants paying most utilities.
    • Convenient location in Lisbon's Main Street area, with access to Route 196.
    • Unit 1 is occupied by a strong long‑term tenant.

    Overview

    Located at 65 Main Street in Lisbon, Maine, this extensively updated two-unit property presents an opportunity for both owner-occupants and investors. The property features two spacious units, including a completely remodeled Unit 2, which is currently vacant. Unit 1 is occupied by a long-term tenant. The property offers potential for rental income growth. Recent improvements include three new heat pumps installed in 2025, new heat-pump water heaters for both units, new hot-air furnaces for both units in 2026, some new appliances in Unit 2, new siding, some newer roofing, and several updated doors and windows. Tenants are responsible for most utilities. The property is situated on a large lot. The property is located in Lisbon's Main Street area, providing access to Route 196, the Androscoggin River corridor, local village amenities, and regional connections toward Lewiston/Auburn, Topsham, Brunswick, and the I-95/I-295 commuter routes. Lisbon's downtown planning emphasizes its traditional mixed-use village centers, Main Street character, river access, and ongoing focus on revitalization. The property size is 2500 square feet.

    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 $35.7k $14.28
    − Vacancy −$475 −$0.19
    EGI $35.2k $14.09
    − OpEx −$10.6k −$4.23
    NOI $24.7k $9.86
    2,500 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $352.3K
    $308.2K – $411.0K (±1% cap)
    NOI $24,658 @ 7.0% cap · market cap 7.05%
    Second Best
    Apartment 5plus
    $334.7K
    $292.8K – $390.5K (±1% cap)
    NOI $23,427 @ 7.0% cap · market cap 6.70%
    Theoretical Best
    Warehouse
    $4.44M
    $3.89M – $5.18M (±1% cap)
    NOI $310,813 @ 7.0% cap · market cap 88.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lisbon
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.057786
    Latitude
    44.000791

    Nearby Similar for Sale

    • $200,000
      1,161 SF

      Commercial Property on Route 196

      Commercial property on 4.33 acres with garage and office.
      8 Lisbon Street, Lisbon, ME 04250
      View Details
    • $349,900
      2,500 SF

      Updated Duplex in Lisbon, Maine

      Extensively updated two-unit property with income potential in Lisbon.
      65 Main Street, Lisbon, ME 04252
      View Details
    • $350,000
      3,400 SF

      Lisbon Multifamily Investment Opportunity

      Multifamily property in Lisbon, Maine, ideal for investment.
      178 Main Street, Lisbon, ME 04252
      View Details

    FAQs

    What type of property is this?
    Duplex - Extensively updated two-unit property with income potential in Lisbon, Maine.
    Where is this duplex located?
    The property is located at 65 Main Street Lisbon, ME.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Extensively updated two‑unit property with major recent capital improvements.; Unit 2 is completely remodeled and vacant, ready for owner occupancy or market‑rent placement.; Strong income potential with rents appearing to be under market.
    (207) 949-2425
    We can help!
    Listing Contact
    Corey Dunn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    65 Main Street, Lisbon, ME 04252
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!