2-Unit Multifamily
97 Jackson Street, Sanford, ME 04073
For Sale
$459,900
Includes a three-bedroom house and an upstairs two-bedroom apartment above a heated workshop.
Property Size1,951 SF
Price / SF$235.73
Days on Market39
Property Features for 97 Jackson Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
heated workshop
detached garage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Town Square Realty Group
(207) 324-2860
Listed By:
Rebecca Lapierre
(207) 651-4529
Source:
Integrityhomesrealestategroup
Added: Oct 7
Changed: Nov 11
Last Checked: Nov 12 at 11:44PM
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 Town Square Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property combines a three-bedroom house with a second residential building. That building has a heated workshop with a half bath on the first floor and a two-bedroom apartment above, measuring approximately 742 SF. A detached one-car garage and two driveways serve the property, with off-street parking also available.
The workshop-and-apartment building has new siding. The property includes an additional 0.06-acre lot and is zoned Urban. The recorded year built is 1900.
The workshop-and-apartment building has new siding. The property includes an additional 0.06-acre lot and is zoned Urban. The recorded year built is 1900.
Key Highlights
- Two residential units: a three‑bedroom house and a two‑bedroom apartment
- Upstairs apartment measures approximately 742 SF
- Heated first‑floor workshop with a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,151
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,020
$603.0K
Cap Rate 7%
$430,729
$430.7K
Cap Rate 9%
$335,011
$335.0K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$57.8K $29.64/SF
− Vacancy
−$3.0K −$1.54/SF
EGI
$54.8K $28.10/SF
− OpEx
−$24.7K −$12.64/SF
NOI
$30.2K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,020
Cap Rate 7%
$430,729
Cap Rate 9%
$335,011
Alternative Uses
Best Use
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,151 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.5K
$541.2K – $721.5K
NOI $43,292 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
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Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Sanford, ME
Properties on Market for Multifamily properties in Sanford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Includes a three-bedroom house and an upstairs two-bedroom apartment above a heated workshop.
Where is this multifamily property located?
The property is located at 97 Jackson Street Sanford, ME.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two residential units: a three‑bedroom house and a two‑bedroom apartment; Upstairs apartment measures approximately 742 SF; Heated first‑floor workshop with a half bath
