Two-Family Victorian
9-11 Summer Street Hallowell, ME 04347
9-11 Summer Street, Hallowell, ME, 04347
$795,000
For Sale
$795,000
Victorian duplex with two units, separate entrances, updated kitchens and baths, hardwood floors, and a private yard.
Property Size3,600 SF
Price / SF$220.83
Days on Market179
Property Features for 9-11 Summer Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
McAllister Real Estate
Listed by
Kimberly Gleason
(603) 866-2942
Source
Profoundrealestate
Added: Jan 25 Updated: Jul 22 at 1:05AM Checked: Jul 22 at 7:02AM
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 McAllister Real Estate
Investment Insights
Based on property information with market context.
A two-family Victorian duplex offering classic period details and practical modern updates. The home features two separate units with independent entrances, high ceilings, large windows, and abundant natural light. Interior character includes original hardwood floors and decorative moldings, complemented by updated kitchens and baths. Outside, there is an expansive porch and a private yard.
This property is positioned in a neighborhood described as close to shops, dining, schools, and transportation, supporting both owner-occupant and rental use.
With generous bedroom layouts and a convenient two-unit configuration, the home provides straightforward versatility for occupants seeking separate living spaces under one roof.
This property is positioned in a neighborhood described as close to shops, dining, schools, and transportation, supporting both owner-occupant and rental use.
With generous bedroom layouts and a convenient two-unit configuration, the home provides straightforward versatility for occupants seeking separate living spaces under one roof.
Key Highlights
- Two‑family Victorian duplex with classic architectural details, ornate trim, and period features
- Separate entrances for the two spacious units, offering privacy and convenience
- Original hardwood floors, decorative moldings, high ceilings, and large windows for abundant natural light
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $16.20 |
| − Vacancy | −$886 | −$0.25 |
| EGI | $57.4k | $15.95 |
| − OpEx | −$17.2k | −$4.79 |
| NOI | $40.2k | $11.17 |
3,600 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$574.3K
$502.5K – $670.1K
NOI $40,203 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$5.37M
$4.70M – $6.27M
NOI $375,960 @ 7.0% cap · market cap 47.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Victorian duplex with two units, separate entrances, updated kitchens and baths, hardwood floors, and a private yard.
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 $795,000.
What are key features of this property?
This property features: Two‑family Victorian duplex with classic architectural details, ornate trim, and period features; Separate entrances for the two spacious units, offering privacy and convenience; Original hardwood floors, decorative moldings, high ceilings, and large windows for abundant natural light
