2-Unit Duplex with Fenced
New
For Sale
$649,000
80 Jordan Avenue, South Portland, ME 04106
Multi-Family, South Portland, ME
Property Size1,260 SF
Lot Size0.20 Acres
Price / SF$515.08
Days on Market3
Property Features for 80 Jordan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Deck
Interior features
1st Floor Bedroom
Fencing
Fenced
Basement
Walk-Out Access, Unfinished, Full
Lot features
Level, Near Shopping, Near Town, Neighborhood
Standard status
Active
Size
1,260 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6713
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Natural Gas
Water source
Public
Amenities
fenced backyard
patio
elevated deck
off-street parking
hardwood floors
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Vinyl, Tile - Ceramic
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Jeremy Lock
(207) 747-7871
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 23 at 7:06AM
MLS# 1685059
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.
The 1920 Colonial contains two apartments, each arranged with two bedrooms and one bathroom, within 1,260 square feet. Wood flooring, tile, carpet, and vinyl are among the interior finishes. The property also has a fenced backyard, patio, elevated deck, and off-street parking. Utilities are individually metered, with public water and public sewer service.
At 80 Jordan Avenue in South Portland, the property sits in the Meetinghouse Hill neighborhood. Its 0.2-acre lot and outdoor features complement the two-unit configuration. Zoning is A.
At 80 Jordan Avenue in South Portland, the property sits in the Meetinghouse Hill neighborhood. Its 0.2-acre lot and outdoor features complement the two-unit configuration. Zoning is A.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,260 square feet of building area on a 0.2‑acre lot
- Individually metered utilities
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and outdoor space add practical flexibility for the two-unit property.
Where is this duplex located?
The property is located at 80 Jordan Avenue 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 apartments, each with 2 bedrooms and 1 bathroom; 1,260 square feet of building area on a 0.2‑acre lot; Individually metered utilities
