Two-Unit Residential Income
9 C Street Portland, ME 04102
For Sale
$525,000
Well-maintained two-unit duplex with separate kitchens, full baths, a private backyard, and a full basement.
Property Size1,234 SF
Price / SF$425.45
Days on Market329
Property Features for 9 C Street
General Information
- Standard status
- Active
- Size
- 1,234 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
Demetria Real Estate
(207) 839-5122
Listed By:
Aaron Chadbourne
(207) 839-5122
Source:
Compass
Added: Aug 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:30AM
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 Demetria Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-unit duplex offers two separate residential setups, with each unit featuring its own kitchen and full bath, along with comfortable living spaces. Flooring includes a mix of hardwood, tile, and laminate. Heat pumps provide year-round comfort, and the property includes updates throughout. A private backyard is included, and the home has a full basement with in-unit laundry hookups.
The property is located in Portland and offers convenient access to the hospital, downtown Portland, local services, commuter routes, and amenities.
Showings are available by appointment with 24 hours’ notice.
The property is located in Portland and offers convenient access to the hospital, downtown Portland, local services, commuter routes, and amenities.
Showings are available by appointment with 24 hours’ notice.
Key Highlights
- Two‑unit duplex with separate kitchens and full bathrooms for each unit
- Heat pumps provide cooling and heat (heating includes steam and radiator, plus heat pump)
- Full basement (interior, full, unfinished) for additional space
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 | $33.3k | $27.00 |
| − Vacancy | −$2.2k | −$1.76 |
| EGI | $31.2k | $25.25 |
| − OpEx | −$9.3k | −$7.57 |
| NOI | $21.8k | $17.67 |
1,234 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.5K
$272.6K – $363.5K
NOI $21,807 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$339.2K
$296.8K – $395.7K
NOI $23,742 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-unit duplex with separate kitchens, full baths, a private backyard, and a full basement.
Where is this duplex located?
The property is located at 9 C Street Portland, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with separate kitchens and full bathrooms for each unit; Heat pumps provide cooling and heat (heating includes steam and radiator, plus heat pump); Full basement (interior, full, unfinished) for additional space
