Historic Duplex with
70 Winter Street, Portland, ME 04102
For Sale
$824,000
Multi-Family, Portland, ME
Property Size2,456 SF
Lot Size0.10 Acres
Price / SF$335.50
Days on Market51
Property Features for 70 Winter Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
barn
back yard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Vitalius Real Estate Group, LLC
Listed By:
Briton Vitalius
(207) 541-3755
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 10 at 6:06AM
MLS# 1681421
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.
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Investment Insights
Based on property information with market context.
Built in 1838, this 2,456-square-foot duplex combines historic character with practical updates. The primary residence spans two floors and includes three bedrooms, two full bathrooms, a first-floor bedroom option, a renovated kitchen, and updated bathrooms. The second residence is a one-bedroom apartment with its own entrance and a separate open layout.
The property occupies 0.1 acres and includes a red brick driveway, backyard, and full barn. Wood-frame construction with clapboard siding, wood flooring, a shingle roof, natural-gas hot-water heat, public water, and public sewer complete the improvements. The property is zoned RN-4 and located at 70 Winter Street in Portland, Maine.
The property occupies 0.1 acres and includes a red brick driveway, backyard, and full barn. Wood-frame construction with clapboard siding, wood flooring, a shingle roof, natural-gas hot-water heat, public water, and public sewer complete the improvements. The property is zoned RN-4 and located at 70 Winter Street in Portland, Maine.
Key Highlights
- 2,456‑square‑foot duplex with two distinct residential units
- Owner’s residence offers 3 bedrooms and 2 full bathrooms across two floors
- Separate 1‑bedroom apartment with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,401
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,020
$868.0K
Cap Rate 7%
$620,014
$620.0K
Cap Rate 9%
$482,233
$482.2K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$66.3K $27.00/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$62.0K $25.25/SF
− OpEx
−$18.6K −$7.57/SF
NOI
$43.4K $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 Rate 5%
$868,020
Cap Rate 7%
$620,014
Cap Rate 9%
$482,233
Alternative Uses
Best Use
Multifamily LT 5
$620.0K
$542.5K – $723.4K
NOI $43,401 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,378 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$675.0K
$590.7K – $787.5K
NOI $47,252 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,696
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, ME
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences include a spacious owner’s unit and a separately entered one-bedroom apartment.
Where is this duplex located?
The property is located at 70 Winter Street Portland, ME.
What is the asking price?
The asking price for this property is $824,000.
What are key features of this property?
This property features: 2,456‑square‑foot duplex with two distinct residential units; Owner’s residence offers 3 bedrooms and 2 full bathrooms across two floors; Separate 1‑bedroom apartment with private entrance
