Two-Unit Multifamily with Heated
New
For Sale
$459,900
97 Jackson Street, Sanford, ME 04073
Multi-Family, Sanford, ME
Property Size1,951 SF
Lot Size0.30 Acres
Price / SF$235.73
Days on Market3
Property Features for 97 Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Urban
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Off Street
Patio and Porch features
Deck
Basement
Walk-Out Access, Unfinished
Lot features
Rolling/ Sloping, Open, Intown, Neighborhood
Standard status
Active
Size
1,951 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
26
Tax Annual Amount
4923
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Kerosene, Electric (Heating)
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Town Square Realty Group
(207) 324-2860
Listed By:
Rebecca Lapierre
(207) 651-4529
Added: Oct 7
Last Checked: Oct 9 at 5:06AM
MLS# 1683474
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.
Investment Insights
Based on property information with market context.
The property brings together two residential units: a three-bedroom single-family home and a separate building with a heated workshop on the ground floor and a two-bedroom apartment above. The workshop has a half bath, and the apartment measures approximately 742 SF. A detached one-car garage, two driveways, and off-street parking serve the property. Siding on the workshop-and-apartment building has been replaced.
The parcel measures 0.3 acres, with an additional 0.06-acre lot, J32-6A, included in the sale. The property was built in 1900 and is zoned Urban.
The parcel measures 0.3 acres, with an additional 0.06-acre lot, J32-6A, included in the sale. The property was built in 1900 and is zoned Urban.
Key Highlights
- Two residential units: a 3‑bedroom home and a 2‑bedroom apartment
- Separate building pairs a heated workshop with an apartment of approximately 742 SF
- Workshop includes 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
Mixed Use
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 5.27%
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - A three-bedroom home is paired with a separate building that combines a heated workshop and a two-bedroom apartment.
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 3‑bedroom home and a 2‑bedroom apartment; Separate building pairs a heated workshop with an apartment of approximately 742 SF; Workshop includes a half bath
