Duplex with Separate
8 Wilson Street, Berwick, ME 03901
For Sale
$569,000
A three-bedroom primary residence is paired with a distinct apartment and a two-car garage.
Property Size2,531 SF
Price / SF$224.81
Days on Market43
Property Features for 8 Wilson Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Parmley Properties
Listed By:
Nicole Parmley
(603) 988-8591
Source:
Hayesrealestate
Added: Oct 2
Changed: Nov 10
Last Checked: Nov 13 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parmley Properties
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Investment Insights
Based on property information with market context.
This 2,531 SF duplex in Berwick combines a three-bedroom main residence with 1.5 baths and a separate apartment containing one bedroom and an office. A two-car garage adds enclosed vehicle and storage space. The property was built in 1880 and is zoned V/C.
At 8 Wilson Street, the property is near downtown Berwick shops, dining, recreation, and community amenities. The Salmon Falls River and Somersworth, New Hampshire, are also a few minutes away.
At 8 Wilson Street, the property is near downtown Berwick shops, dining, recreation, and community amenities. The Salmon Falls River and Somersworth, New Hampshire, are also a few minutes away.
Key Highlights
- 2,531 SF property built in 1880
- Main residence has 3 bedrooms and 1.5 baths
- Separate apartment includes 1 bedroom and an office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,845
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,900
$856.9K
Cap Rate 7%
$612,071
$612.1K
Cap Rate 9%
$476,056
$476.1K
Market Conditions
NOI Build-Up for 2,531 SF
Gross rent
$64.4K $25.44/SF
− Vacancy
−$3.2K −$1.26/SF
EGI
$61.2K $24.18/SF
− OpEx
−$18.4K −$7.25/SF
NOI
$42.8K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,900
Cap Rate 7%
$612,071
Cap Rate 9%
$476,056
Alternative Uses
Best Use
Multifamily LT 5
$612.1K
$535.6K – $714.1K
NOI $42,845 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$558.8K
$488.9K – $651.9K
NOI $39,115 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$802.3K
$702.0K – $936.0K
NOI $56,162 @ 7.0% cap · market cap 9.87%
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
359
Businesses Nearby
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Business Placement
Demographics for 03901, ME
7,937
Population
3,617
Households
2.2
Avg Household Size
40
Median Age
35%
College-Educated
96%
High-School Grad
37.5 sq mi
ZIP Area
212
Density / Sq Mi
$77,790
Median Household Income
$53,333
Median Earnings
$1,237
Median Rent
$331,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom primary residence is paired with a distinct apartment and a two-car garage.
Where is this duplex located?
The property is located at 8 Wilson Street Berwick, ME.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,531 SF property built in 1880; Main residence has 3 bedrooms and 1.5 baths; Separate apartment includes 1 bedroom and an office
