Victorian Duplex with Period
For Sale
$680,000
911 9 - 11 Summer St, Hallowell, ME 04347
Two separate residences combine historic character with updated kitchens and baths.
Property Size3,620 SF
Price / SF$187.85
Days on Market88
Property Features for 911 9 - 11 Summer St
General Information
Standard status
Active
Size
3,620 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Bunting
(207) 838-0912
Source:
Soldbymichaelthomas
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 7 at 4:07PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,600-square-foot duplex retains Victorian-era character through ornate trim, decorative moldings, high ceilings, large windows, and original hardwood flooring. The property contains two spacious units with separate entrances, generous bedrooms, updated kitchens and baths, and access to an expansive porch and private yard.
Located at 911 9-11 Summer St in Hallowell, Maine, the home is positioned near shops, dining, schools, and transportation. The two-unit layout supports owner occupancy with an additional residence, multigenerational living, or use as a residential income property.
Located at 911 9-11 Summer St in Hallowell, Maine, the home is positioned near shops, dining, schools, and transportation. The two-unit layout supports owner occupancy with an additional residence, multigenerational living, or use as a residential income property.
Key Highlights
- Two‑unit Victorian duplex built in 1900
- 3,600 square feet with two spacious residences
- Separate entrances provide privacy between units
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences combine historic character with updated kitchens and baths.
Where is this duplex located?
The property is located at 911 9 - 11 Summer St 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: Two‑unit Victorian duplex built in 1900; 3,600 square feet with two spacious residences; Separate entrances provide privacy between units
