Historic Duplex with
For Sale
$850,000
70 Winter Street, Portland, ME 04102
Multi-Family, Portland, ME
Property Size2,456 SF
Lot Size0.10 Acres
Price / SF$346.09
Days on Market16
Property Features for 70 Winter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Basement
Interior features
1st Floor Bedroom
Basement
Unfinished
Lot features
Open, Level, Sidewalks, Intown
Standard status
Active
Size
2,456 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9378
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1838
Number of units
2
Flooring type
Wood
Building materials
Wood Frame, Clapboard
Roof type
Shingle
Architectural style
Other
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 318-2555
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 6 at 12:06PM
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.
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
5.11%
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 5.11%
Second Best
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,378 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$675.0K
$590.7K – $787.5K
NOI $47,252 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,696
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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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 $850,000.
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
