Victorian Duplex with Two-Unit
New
For Sale
$1,349,000
77 Carleton Street, Portland, ME 04102
Multi-Family, Portland, ME
Property Size3,030 SF
Lot Size0.07 Acres
Price / SF$445.21
Days on Market2
Property Features for 77 Carleton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Basement, Bathroom 3
Pets allowed
No
Interior features
In-Law Apartment, Storage
Basement
Unfinished, Full
Lot features
Sidewalks, Historic District, Near Town, Neighborhood, Near Public Transit
Standard status
Active
Size
3,030 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15459
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Other (Heating), Natural Gas, Steam, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1850
Number of units
2
Flooring type
Wood, Carpet
Building materials
Masonry, Block
Roof type
Shingle
Architectural style
Victorian
Additional Structures
Storage
Listing Agency:
Portside Real Estate Group
(207) 536-4222
Listed By:
Elizabeth Reece
(617) 823-5663
Added: Oct 14
Last Checked: Oct 15 at 6:06AM
MLS# 1684273
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 1850, this 3,030-square-foot Victorian masonry residence includes wood and carpet flooring, storage, and an in-law apartment. Historic details include bay windows, decorative fireplaces, original mantels, extensive moldings, and 10-foot ceilings. Heat pumps provide heating and cooling, and the property has two off-street parking spaces and an outdoor seating area on a 0.07-acre lot.
A potential arrangement would create two units, each with its own kitchen, laundry, and living area. One could span the first and second floors with two bedrooms and 1.5 baths; the other could combine a renovated studio with two third-floor bedrooms and two full baths. The proposed layout requires adding a wall on the second floor.
Tandem Coffee, Longfellow Hotel, Wayside Tavern, and the Western Promenade are nearby. Public water and public sewer serve the property.
A potential arrangement would create two units, each with its own kitchen, laundry, and living area. One could span the first and second floors with two bedrooms and 1.5 baths; the other could combine a renovated studio with two third-floor bedrooms and two full baths. The proposed layout requires adding a wall on the second floor.
Tandem Coffee, Longfellow Hotel, Wayside Tavern, and the Western Promenade are nearby. Public water and public sewer serve the property.
Key Highlights
- 3,030 square feet on a 0.07‑acre lot
- Victorian masonry residence built in 1850
- Potential two‑unit configuration; second‑floor wall addition required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,545
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,900
$1.1M
Cap Rate 7%
$764,929
$764.9K
Cap Rate 9%
$594,944
$594.9K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$81.8K $27.00/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$76.5K $25.25/SF
− OpEx
−$22.9K −$7.57/SF
NOI
$53.5K $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%
$1,070,900
Cap Rate 7%
$764,929
Cap Rate 9%
$594,944
Alternative Uses
Best Use
Multifamily LT 5
$764.9K
$669.3K – $892.4K
NOI $53,545 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$711.6K
$622.7K – $830.3K
NOI $49,815 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$832.8K
$728.7K – $971.6K
NOI $58,296 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,626
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and laundry areas support a possible two-unit layout.
Where is this duplex located?
The property is located at 77 Carleton Street Portland, ME.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 3,030 square feet on a 0.07‑acre lot; Victorian masonry residence built in 1850; Potential two‑unit configuration; second‑floor wall addition required
