Fully Rented Two-Unit
For Sale
$199,000
68 West Broadway, Lincoln, ME 04457
MULTI_FAMILY - Colonial - Lincoln, ME
Property Size1,400 SF
Lot Size0.22 Acres
Price / SF$142.14
Days on Market95
Property Features for 68 West Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Basement
Full, Unfinished
Lot features
Open, Intown, Near Public Beach, Near Shopping, Near Turnpike/ Interstate
Standard status
Active
Size
1,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2315
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating)
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, Vinyl, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Kenneth Moody
(207) 590-7153
Added: May 4
Changed: Aug 1
Last Checked: Aug 6 at 8:06AM
MLS# 1614184
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 fully rented two-unit duplex offers an in-town investment opportunity with a straightforward residential layout. The property is 1,400 square feet and sits on a 0.22-acre lot. Built in 1900 in a Colonial architectural style, it features wood frame construction with vinyl siding, a shingle roof, and interior flooring of tile, vinyl, and wood. Heating is propane, and the home connects to public water and public sewer. The room breakdown includes two bathrooms, with a basement also included.
Located at 68 West Broadway in Lincoln, Maine, the duplex is positioned for everyday convenience. The property is described as within walking distance to downtown and its amenities, with an estimated 5 minutes to the interstate and about 40 minutes from Bangor.
With both units currently rented, the property presents a ready-to-occupy rental setup while remaining close to local services and downtown activity.
Located at 68 West Broadway in Lincoln, Maine, the duplex is positioned for everyday convenience. The property is described as within walking distance to downtown and its amenities, with an estimated 5 minutes to the interstate and about 40 minutes from Bangor.
With both units currently rented, the property presents a ready-to-occupy rental setup while remaining close to local services and downtown activity.
Key Highlights
- Fully rented two‑unit duplex investment
- 0.22‑acre lot; 1,400 SF total building area
- Built in 1900 with Colonial architectural style
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 | $19.3k | $13.80 |
| − Vacancy | −$991 | −$0.71 |
| EGI | $18.3k | $13.09 |
| − OpEx | −$5.5k | −$3.93 |
| NOI | $12.8k | $9.16 |
1,400 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,800 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 04457, ME
5,689
Population
3,587
Households
1.6
Avg Household Size
48
Median Age
21%
College-Educated
94%
High-School Grad
258.8 sq mi
ZIP Area
22
Density / Sq Mi
$51,403
Median Household Income
$32,646
Median Earnings
$647
Median Rent
$126,100
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 - Fully rented two-unit duplex with public water and sewer, propane heating, and walking access to downtown amenities.
Where is this duplex located?
The property is located at 68 West Broadway Lincoln, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully rented two‑unit duplex investment; 0.22‑acre lot; 1,400 SF total building area; Built in 1900 with Colonial architectural style
