Seven-Unit Apartment
For Sale
$1,575,000
80 Wilson Street, Portland, ME 04101
Corner property with shared laundry, individual storage, and a private-entry apartment.
Property Size4,654 SF
Price / SF$338.42
Days on Market19
Property Features for 80 Wilson Street
General Information
Standard status
Active
Size
4,654 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 1BR, 3 x 1BR, 1 x 2BR
Multifamily Units
7
Additional Details
Road Access
Yes
Amenities
shared laundry
dedicated storage
Building Details
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
John Graham Real Estate
Listed By:
John Graham
(603) 866-2942
Source:
Profoundrealestate
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 31 at 7:53PM
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 John Graham Real Estate
Investment Insights
Based on property information with market context.
This 4,654-square-foot apartment property, built in 1915, contains seven units arranged across three floors and an adjoining section. The first floor includes two one-bedroom apartments, while the second floor offers three additional one-bedroom units. A two-bedroom apartment occupies the third floor and includes harbor and Portland Headlight views. The building also has an unfinished attic area over the ell.
Six apartments are reached through the Wilson Street entrance, which also leads to a basement with shared laundry and dedicated storage for each unit. The seventh apartment is accessed from Atlantic Street and has its own entrance, private parking, and fenced yard. The property sits at the corner of Wilson and Atlantic streets in Portland's Munjoy Hill, near the Eastern Promenade and nearby restaurants and coffee shops. Owner-reported performance includes 100% occupancy for more than five years and a cash-on-cash return in the high 9 percentage range.
Six apartments are reached through the Wilson Street entrance, which also leads to a basement with shared laundry and dedicated storage for each unit. The seventh apartment is accessed from Atlantic Street and has its own entrance, private parking, and fenced yard. The property sits at the corner of Wilson and Atlantic streets in Portland's Munjoy Hill, near the Eastern Promenade and nearby restaurants and coffee shops. Owner-reported performance includes 100% occupancy for more than five years and a cash-on-cash return in the high 9 percentage range.
Key Highlights
- Seven apartments totaling 4,654 square feet
- Unit mix includes six one‑bedroom apartments and one two‑bedroom apartment
- 1915 construction with an unfinished attic area over the ell
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,515
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,530,300
$1.5M
Cap Rate 7%
$1,093,071
$1.1M
Cap Rate 9%
$850,167
$850.2K
Market Conditions
NOI Build-Up for 4,654 SF
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.
Gross rent
$148.0K $31.80/SF
− Vacancy
−$8.9K −$1.91/SF
EGI
$139.1K $29.89/SF
− OpEx
−$62.6K −$13.45/SF
NOI
$76.5K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,530,300
Cap Rate 7%
$1,093,071
Cap Rate 9%
$850,167
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.4K – $1.28M
NOI $76,515 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,541 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner property with shared laundry, individual storage, and a private-entry apartment.
Where is this apartment building located?
The property is located at 80 Wilson Street Portland, ME.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Seven apartments totaling 4,654 square feet; Unit mix includes six one‑bedroom apartments and one two‑bedroom apartment; 1915 construction with an unfinished attic area over the ell
