Two-Unit Duplex with Farmer’s
8 Allen Street Berwick, ME 03901
8 Allen Street, Berwick, ME, 03901
$464,900
For Sale
Under Contract
$464,900
MULTI_FAMILY - Other - Berwick, ME
Property Size2,184 SF
Lot Size0.12 Acres
Price / SF$212.87
Days on Market89
Property Features for 8 Allen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
- Parking features
- Off Street, Garage, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Garden Space, Natural Shade, Porch
- Standard status
- Active Under Contract
- Size
- 2,184 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3993
Utilities
- Utilities
- Cable Available
- Heating system
- Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Clapboard Exterior, Vinyl Siding
- Roof type
- Fiberglass, Shingle
- Architectural style
- Other
Listing Agency
KW Coastal and Lakes & Mountains Realty/Dover
(603) 969-6632
10 Fourth Street, Portsmouth, ME
Listed by
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Apr 24 Updated: Jul 7 at 3:47 pm Checked: Jul 21 at 1:06 am
MLS# 5085208
Listing URL
Copyright © 2026 PrimeMLS. 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 well-maintained two-unit duplex offers bright, clean interiors with practical, spacious layouts. Each unit includes two bedrooms and one full bathroom, with ample storage throughout. A farmer’s porch adds curb appeal and provides an inviting entry point to the home. The property sits on a lot with a large driveway that supports off-street parking.
Located in-town at 8 Allen Street in Berwick, Maine, the home provides convenient access to local shops, dining, and community amenities as described in the listing remarks. The property is zoned R1, which should be reviewed in relation to any intended occupancy or use.
This configuration can work well for a buyer seeking steady rental income from a two-unit setup, or for an owner-occupant who wants to live in one unit and rent the other. With both units laid out similarly, the duplex design supports straightforward management and turnover planning. The listing also notes the possibility of expanding with additional units, subject to town approvals, which may be relevant for buyers planning longer-term use of the site.
Located in-town at 8 Allen Street in Berwick, Maine, the home provides convenient access to local shops, dining, and community amenities as described in the listing remarks. The property is zoned R1, which should be reviewed in relation to any intended occupancy or use.
This configuration can work well for a buyer seeking steady rental income from a two-unit setup, or for an owner-occupant who wants to live in one unit and rent the other. With both units laid out similarly, the duplex design supports straightforward management and turnover planning. The listing also notes the possibility of expanding with additional units, subject to town approvals, which may be relevant for buyers planning longer-term use of the site.
Key Highlights
- Two‑unit multi‑family property built in 1920 in Berwick, ME
- Each unit has 2 bedrooms and 1 full bathroom (total of 4 bedrooms and 2 full baths)
- Farmer’s porch plus garden space and natural shade
Local 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 | $55.6k | $25.44 |
| − Vacancy | −$2.7k | −$1.26 |
| EGI | $52.8k | $24.18 |
| − OpEx | −$15.8k | −$7.25 |
| NOI | $37.0k | $16.93 |
2,184 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.2K
$462.1K – $616.2K
NOI $36,971 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$482.2K
$421.9K – $562.5K
NOI $33,752 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$692.3K
$605.8K – $807.7K
NOI $48,462 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-kept two-unit duplex with two bedrooms and one full bath per unit, plus off-street parking on a R1 lot.
Where is this duplex located?
The property is located at 8 Allen Street Berwick, ME.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Two‑unit multi‑family property built in 1920 in Berwick, ME; Each unit has 2 bedrooms and 1 full bathroom (total of 4 bedrooms and 2 full baths); Farmer’s porch plus garden space and natural shade
