Victorian Duplex with Garage
For Sale
$680,000
9 - 11 Summer Street, Hallowell, ME 04347
Multi-Family, Hallowell, ME
Property Size3,620 SF
Lot Size0.60 Acres
Price / SF$187.85
Days on Market49
Property Features for 9 - 11 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Open
Patio and Porch features
Porch
Interior features
Attic, Storage
Fencing
Fenced
Basement
Unfinished, Full
Lot features
Well Landscaped, Historic District, Neighborhood
Standard status
Active
Size
3,620 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7541
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Baseboard, Oil
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame, Clapboard, Shingle Siding, Wood Siding
Roof type
Shingle
Architectural style
Victorian
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 773-1990
Listed By:
Michael Bunting
(207) 838-0912
Added: Aug 27
Changed: Oct 8
Last Checked: Oct 14 at 6:06PM
MLS# 1677818
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.
Investment Insights
Based on property information with market context.
This 1900 Victorian duplex contains two residential units, each arranged with 3 bedrooms and 1.5 baths. Separate furnaces, plumbing meters, electrical systems, entrances, and porches support distinct unit operation. The property includes 3,620 square feet, full attic space, storage, hardwood and tile flooring, and a recently reconstructed basement. Wood-frame construction, clapboard and shingle siding, a shingle roof, and zoned oil-fired baseboard hot-water heating add to the building’s established character and utility.
A garage/barn provides additional space, including an unfinished second floor that could be completed as separate units or one larger area, subject to applicable requirements. The 0.6-acre lot also includes a shed, fencing, open parking, public water, and public sewer. Located at 9 - 11 Summer Street in Hallowell, the property sits near the downtown village area and includes Victorian architectural details with individual porches for each residence.
A garage/barn provides additional space, including an unfinished second floor that could be completed as separate units or one larger area, subject to applicable requirements. The 0.6-acre lot also includes a shed, fencing, open parking, public water, and public sewer. Located at 9 - 11 Summer Street in Hallowell, the property sits near the downtown village area and includes Victorian architectural details with individual porches for each residence.
Key Highlights
- Duplex with two 3‑bedroom, 1.5‑bath units
- 3,620 square feet on a 0.6‑acre lot
- Separate furnaces, plumbing meters, electrical systems, entrances, and porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,427
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,540
$808.5K
Cap Rate 7%
$577,529
$577.5K
Cap Rate 9%
$449,189
$449.2K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$58.6K $16.20/SF
− Vacancy
−$891 −$0.25/SF
EGI
$57.8K $15.95/SF
− OpEx
−$17.3K −$4.79/SF
NOI
$40.4K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,540
Cap Rate 7%
$577,529
Cap Rate 9%
$449,189
Alternative Uses
Best Use
Multifamily LT 5
$577.5K
$505.3K – $673.8K
NOI $40,427 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$503.8K
$440.8K – $587.8K
NOI $35,265 @ 7.0% cap · market cap 5.19%
Theoretical Best
Warehouse
$5.40M
$4.73M – $6.30M
NOI $378,048 @ 7.0% cap · market cap 55.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 04347, ME
2,570
Population
1,436
Households
1.8
Avg Household Size
51
Median Age
46%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
436
Density / Sq Mi
$58,811
Median Household Income
$37,027
Median Earnings
$830
Median Rent
$266,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residential units feature separate systems, private entrances, and individual porches on a 0.6-acre parcel.
Where is this duplex located?
The property is located at 9 - 11 Summer Street Hallowell, ME.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1.5‑bath units; 3,620 square feet on a 0.6‑acre lot; Separate furnaces, plumbing meters, electrical systems, entrances, and porches
