Two-Unit
For Sale
$525,000
92 Cottage Street, Westbrook, ME 04092
Multi-Family, Westbrook, ME
Property Size1,260 SF
Lot Size0.12 Acres
Price / SF$416.67
Days on Market38
Property Features for 92 Cottage Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
11
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Patio and Porch features
Deck
Interior features
1st Floor Bedroom, Bathtub, Shower, Storage
Basement
Unfinished, Full
Lot features
Open, Sidewalks, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood
Standard status
Active
Size
1,260 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3750
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Michael Hamilton
(207) 570-8998
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 28 at 7:06AM
MLS# 1680542
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.
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Investment Insights
Based on property information with market context.
This Cape Cod-style duplex contains two units with a combined four bedrooms and two bathrooms across 1,260 square feet. The 0.12-acre property was built in 1910 and has a deck, basement, and public water and sewer. Natural gas provides heat; the shingle roof was replaced in 2023, and the Rinnai heating system dates to 2021.
The property is in Westbrook, within walking distance of downtown and a short drive from Portland. The current owner covers gas, electric, and water service. Leases, a rent roll, and utility records can be provided to qualified buyers.
The property is in Westbrook, within walking distance of downtown and a short drive from Portland. The current owner covers gas, electric, and water service. Leases, a rent roll, and utility records can be provided to qualified buyers.
Key Highlights
- Two‑unit duplex with four bedrooms and two bathrooms across 1,260 square feet
- 0.12‑acre property in Westbrook, within walking distance of downtown
- Roof updated in 2023; Rinnai heating system installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,266
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,320
$445.3K
Cap Rate 7%
$318,086
$318.1K
Cap Rate 9%
$247,400
$247.4K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$34.0K $27.00/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$31.8K $25.25/SF
− OpEx
−$9.5K −$7.57/SF
NOI
$22.3K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,320
Cap Rate 7%
$318,086
Cap Rate 9%
$247,400
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.3K
NOI $20,715 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$346.3K
$303.0K – $404.0K
NOI $24,242 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Leased residential property with public water and sewer service.
Where is this duplex located?
The property is located at 92 Cottage Street Westbrook, 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 four bedrooms and two bathrooms across 1,260 square feet; 0.12‑acre property in Westbrook, within walking distance of downtown; Roof updated in 2023; Rinnai heating system installed in 2021
