2-Unit Duplex with Fenced
New
For Sale
$649,000
80 Jordan Ave, South Portland, ME 04106
Separate utility meters and off-street parking support practical operation across the two residences.
Property Size1,260 SF
Price / SF$515.08
Days on Market5
Property Features for 80 Jordan Ave
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Amenities
fenced backyard
patio
elevated deck
Building Details
Year Built
1920
Buildings
1
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:34PM
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 Kathy Gallant
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this 1,260-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Hardwood floors and original details remain, while cosmetic updates offer room to refresh the interiors. Utilities are separately metered for each unit.
The property includes a fenced backyard with mature landscaping, a patio, and an elevated deck. Off-street parking is also available. Located in South Portland’s Meetinghouse Hill area, the duplex is near neighborhood cafes, restaurants, parks, beaches, and the Portland waterfront.
The property includes a fenced backyard with mature landscaping, a patio, and an elevated deck. Off-street parking is also available. Located in South Portland’s Meetinghouse Hill area, the duplex is near neighborhood cafes, restaurants, parks, beaches, and the Portland waterfront.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,260 square feet; built in 1920
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,266
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,320
$445.3K
Cap Rate 7%
$318,086
$318.1K
Cap Rate 9%
$247,400
$247.4K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$34.0K $27.00/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$31.8K $25.25/SF
− OpEx
−$9.5K −$7.57/SF
NOI
$22.3K $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%
$445,320
Cap Rate 7%
$318,086
Cap Rate 9%
$247,400
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.3K
NOI $20,715 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$346.3K
$303.0K – $404.0K
NOI $24,242 @ 7.0% cap · market cap 3.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and off-street parking support practical operation across the two residences.
Where is this duplex located?
The property is located at 80 Jordan Ave South Portland, ME.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,260 square feet; built in 1920; Separate utility meters for each unit
