Two-Unit Residential Income
91 North Street, Westbrook, ME 04092
New
MULTI_FAMILY - Colonial - Westbrook, ME
Property size:
1,988 SFLot size:
0.11 AcresPrice / SF:
$314/SF- Added:
- Jun 9, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 13 at 2:06 pm
Property Features for 91 North Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RGA1
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Porch
- Basement
- Full
- Standard status
- Active
- Size
- 1,988 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4884
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Hot Water(Heating), Baseboard, Oil
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Tile, Wood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Jonathan Leahy (207) 939-8366
Listing office J T Leahy Real Estate 1 Westbrook Common Ste 1, Portland, ME (207) 939-8366
Listing date Jun 9, 2026
MLS# 1666292
Listing URL
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.
HighLights
- Westbrook 2‑unit building with two 2‑bedroom, 1‑bath units, both currently leased
- First‑floor unit extensively updated with new kitchen, bathroom, flooring, lighting, and new appliances
- Huge garage/shop space with bonus room above
- Public water and public sewer; roof is shingle
- In‑unit laundry hook‑ups, plus front porch, mudroom, and sunroom
- Heating includes efficient natural gas heat system and propane monitor, with hot water, baseboard, and oil noted
Overview
This Westbrook two-unit residential income property offers a practical, tenant-ready layout with two separate units, each featuring two bedrooms and one bathroom. Both units are currently leased. The first-floor unit has undergone extensive updates, including a new kitchen, new bathroom, updated flooring, lighting, and new appliances. The building also includes a front porch, a mudroom and sunroom, and in-unit laundry hook-ups. Heating is provided via an efficiency natural gas system, and there is a propane monitor as noted in the building description. A significant added benefit is the large garage/workshop area with a bonus room located above.
The property is located at 91 North Street in Westbrook, Maine, in Cumberland County, and sits on a 0.11-acre lot. The listing is identified with zoning of RGA1, and the overall building size is provided as 1,988 square feet.
For prospective owners or operators, the combination of two leased units and meaningful on-site utility space makes this building a straightforward fit for income-focused buyers seeking a property that is already occupied and supported by recent interior improvements in at least the first-floor unit. The garage/workshop and additional bonus room above add functional flexibility for storage or other light-use needs consistent with a residential income setup.
The property is located at 91 North Street in Westbrook, Maine, in Cumberland County, and sits on a 0.11-acre lot. The listing is identified with zoning of RGA1, and the overall building size is provided as 1,988 square feet.
For prospective owners or operators, the combination of two leased units and meaningful on-site utility space makes this building a straightforward fit for income-focused buyers seeking a property that is already occupied and supported by recent interior improvements in at least the first-floor unit. The garage/workshop and additional bonus room above add functional flexibility for storage or other light-use needs consistent with a residential income setup.
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 | $53.7k | $27.00 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $50.2k | $25.25 |
| − OpEx | −$15.1k | −$7.57 |
| NOI | $35.1k | $17.67 |
1,988 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.9K
$439.1K – $585.5K
NOI $35,131 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$466.9K
$408.6K – $544.7K
NOI $32,684 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$546.4K
$478.1K – $637.5K
NOI $38,248 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Westbrook
- County
- Cumberland
- State
- Maine
- Longitude
- -70.363869
- Latitude
- 43.682076
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-unit building with two leased 2-bedroom layouts and a large garage/workshop plus bonus room above.
Where is this duplex located?
The property is located at 91 North Street Westbrook, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Westbrook 2‑unit building with two 2‑bedroom, 1‑bath units, both currently leased; First‑floor unit extensively updated with new kitchen, bathroom, flooring, lighting, and new appliances; Huge garage/shop space with bonus room above
