Duplex with
For Sale
$579,000
705 Roosevelt Trail, Windham, ME 04062
Multi-Family, Windham, ME
Property Size2,160 SF
Lot Size0.69 Acres
Price / SF$268.06
Days on Market48
Property Features for 705 Roosevelt Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Patio and Porch features
Porch
Interior features
1st Floor Bedroom
Basement
Unfinished
Lot features
Open, Corner Lot, Level
Standard status
Active
Size
2,160 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4539
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Baseboard, Natural Gas, Zoned, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Allied Real Estate · RE/MAX International
(207) 892-2214
Listed By:
Thomas Noonan Jr
(207) 838-7851
Added: Aug 31
Changed: Oct 15
Last Checked: Oct 17 at 6:06PM
MLS# 1678544
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.
This wood-frame duplex, built in 1900, contains 2,160 square feet and occupies 0.69 acres at 705 Roosevelt Trail in Windham, Maine. The building has vinyl siding, a shingle roof, carpet and vinyl flooring, and a porch. Interior features include a first-floor bedroom, two bathrooms, and a basement.
Heating is provided by natural gas, hot water, zoned baseboard systems, and other heating equipment identified in the property record. Public water serves the property, which is designated C-1. The location is in Cumberland County, within the 04062 postal area.
Heating is provided by natural gas, hot water, zoned baseboard systems, and other heating equipment identified in the property record. Public water serves the property, which is designated C-1. The location is in Cumberland County, within the 04062 postal area.
Key Highlights
- Duplex with 2,160 square feet on 0.69 acres
- C‑1 zoning in Windham, ME
- Built in 1900 with wood‑frame construction and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,170
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,400
$763.4K
Cap Rate 7%
$545,286
$545.3K
Cap Rate 9%
$424,111
$424.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$58.3K $27.00/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$54.5K $25.25/SF
− OpEx
−$16.4K −$7.57/SF
NOI
$38.2K $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%
$763,400
Cap Rate 7%
$545,286
Cap Rate 9%
$424,111
Alternative Uses
Best Use
Multifamily LT 5
$545.3K
$477.1K – $636.2K
NOI $38,170 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$507.3K
$443.9K – $591.9K
NOI $35,512 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$593.7K
$519.5K – $692.6K
NOI $41,557 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 04062, ME
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
395
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a first-floor bedroom, basement, porch, and C-1 zoning on a substantial parcel.
Where is this duplex located?
The property is located at 705 Roosevelt Trail Windham, ME.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Duplex with 2,160 square feet on 0.69 acres; C‑1 zoning in Windham, ME; Built in 1900 with wood‑frame construction and vinyl siding
